Two top executives at Sea Ltd — COO Ye Gang and CCO/GC Wang Yanjun — sold a combined ~$6.3M in open-market sales over a 4-day window (Aug 3-6), with the COO alone accounting for ~$6.0M. At a $68B market cap, the cluster's total is ~0.009% — well below 0.1% — making it a routine, non-material insider event with no predictive signal for bearish sentiment. Historical reports on SE have been predominantly neutral with low scores (avg 2.2) and a 100% win rate at T+20, but the tiny size and symmetrical nature of these sales support a neutral read.
Price Chart
Executive Summary
Two top executives at Sea Ltd — COO Ye Gang and CCO/GC Wang Yanjun — sold a combined ~$6.3M in open-market sales over a 4-day window (Aug 3-6), with the COO alone accounting for ~$6.0M. At a $68B market cap, the cluster's total is ~0.009% — well below 0.1% — making it a routine, non-material insider event with no predictive signal for bearish sentiment. Historical reports on SE have been predominantly neutral with low scores (avg 2.2) and a 100% win rate at T+20, but the tiny size and symmetrical nature of these sales support a neutral read.
Key Financial Metrics
Key Facts
- COO Ye Gang sold 13,005 + 6,995 + 1,493 + 12,638 + 5,869 + 7,538 + 12,462 + 1,948 = 61,948 shares total, netting ~$6.0M
- CCO/GC Wang Yanjun sold 434 + 1,066 + 27 + 369 + 466 + 638 + 537 + 963 + 761 + 250 + 196 + 293 = 5,989 shares total, netting ~$669K
- Total cluster value ~$6.3M, representing ~0.009% of Sea Ltd's $68B market cap
- Both insiders sold into a tight price range ($108-$115), not at extremes
- No 10b5-1 plan pattern visible; sales are irregular in size and frequency over the 4-day window
- Top holders Baillie Gifford ($3.7B), Citigroup ($164M), Envestnet ($163M) — institutional support remains strong
Financial Impact
Insider selling of ~$6.3M — trivial relative to $68B market cap
Risk Factors
- Insider selling is not pre-planned (no 10b5-1 disclosed), but volume is too small to indicate negative non-public information
- Consensus is 92% bullish with 34 buys/3 holds; any fundamental deterioration would be a larger catalyst than this selling
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-1786097199272 |
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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