The cluster is too small relative to market cap to signal fundamental deterioration. However, the concentration of C-suite selling (COO + CFO = 90% of value) in a tight window is unusual. Monitor for any upcoming 8-K filings or earnings pre-announcements that could explain the timing. If no news emerges within 2 weeks, treat as routine portfolio diversification.
Price Chart
Executive Summary
A cluster of 7 Sea Ltd insiders, including the COO, CFO, and CCO/GC, sold a total of $3.82M in open-market sales over a 7-day window. While the dollar amount is modest relative to Sea's $72B market cap (0.005%), the participation of multiple C-suite executives in a concentrated period warrants attention. The sales are likely liquidity-driven given the small proportional size, but the cluster pattern with senior leadership involvement is notable ahead of any upcoming catalyst.
Key Financial Metrics
Key Facts
- 7 insiders sold shares totaling $3.82M in open-market transactions over a 7-day window
- COO Ye Gang sold $1.74M, CFO Hou Tianyu sold $1.71M — together representing 90% of total cluster value
- CCO/GC Wang Yanjun sold $73K across multiple trades; President Feng Zhimin sold $36K
- Total sales represent approximately 0.005% of Sea's $72B market cap — well below the 0.1% materiality threshold
- No insider purchases were reported in the cluster window
Financial Impact
Total insider sales of $3.82M represent 0.005% of market cap — immaterial from a proportionality perspective
Risk Factors
- C-suite cluster selling could indicate unannounced headwinds despite small dollar amounts
- No insider buying to offset the selling pattern
- Historical calibration shows score-4 reports on this segment have a 39% observed probability of positive T+20 alpha with a net negative payoff (μ_w +13.8% vs μ_l -11.6%)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SE-1787655655990 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Insider Cluster | $102.65 $105.24 | ▲ +2.52% | ▲ +2.19% | $96.25 (−6.23%) |
Sep 11, 2026 21d ago | Insider Cluster | $106.24 $108.68 | ▼ −2.30% | ▼ −2.74% | $96.25 (+9.40%) |
Sep 4, 2026 28d ago | Insider Cluster | $112.09 $113.33 | ▲ +1.11% | ▲ +1.66% | $96.25 (−14.13%) |
Sep 2, 2026 4w ago | Insider Cluster | $112.81 $113.10 | ▲ +0.26% | ▼ −0.79% | $96.25 (−14.68%) |
Sep 1, 2026 4w ago | Insider Cluster | $112.65 $112.81 | ▲ +0.14% | ▼ −0.30% | $96.25 (−14.56%) |
Aug 27, 2026 5w ago | Insider Cluster | $118.32 $119.36 | ▲ +0.88% | ▲ +1.11% | $96.25 (−18.65%) |
Aug 25, 2026 5w ago | 6-K | $123.18 $119.12 | ▼ −3.30% | ▼ −3.32% | $96.25 (−21.86%) |
Aug 25, 2026 5w ago | Insider Cluster | $123.18 $119.12 | ▼ −3.30% | ▼ −3.32% | $96.25 (−21.86%) |
Aug 21, 2026 6w ago | Insider Cluster | $117.53 $115.68 | ▼ −1.57% | ▼ −1.28% | $96.25 (−18.11%) |
Aug 20, 2026 6w ago | Insider Cluster | $117.24 $117.53 | ▼ −0.25% | ▲ +0.16% | $96.25 (+17.90%) |
US Market Status
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