Insider selling is modest relative to market cap and lacks a cluster of C-suite participants — the CFO's single sale and the CCO's small-lot sales do not suggest a material negative catalyst. Monitor next 10-Q for any guidance revision or operational deterioration, but this cluster alone does not warrant a bearish read.
Price Chart
Executive Summary
Two Sea Ltd insiders — the CCO/GC and CFO — sold a combined $444K in open-market sales over a 7-day window. The CFO's $431K sale dominates the cluster, but at ~0.14% of market cap it remains modest. No buys offset the selling, and the CCO's multiple small sales across two days suggest routine portfolio trimming rather than a coordinated negative signal.
Key Financial Metrics
Key Facts
- CFO Hou Tianyu sold 4,900 shares at $88.54 for $431K on 2026-10-19
- CCO/GC Wang Yanjun sold 1,000 shares across 9 trades (Oct 15-16) totaling ~$192K at prices $94-$99
- Total cluster value: $444K, all open-market sales (code S)
- No open-market purchases (code P) in the cluster
- Total sales represent ~0.14% of Sea Ltd's market cap (based on $326M market cap)
Financial Impact
$444K in insider sales, ~0.14% of market cap
Risk Factors
- CFO selling $431K in a single trade could signal personal diversification rather than negative outlook, but if followed by additional C-suite sales in coming weeks, the signal would strengthen
- CCO's sales at prices from $94 to $99 suggest opportunistic trimming near a recent high, not a coordinated exit
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SE-1792577083133 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Insider Cluster | $74.63 | awaiting T+5 | — | $74.01 (−0.83%) |
Oct 21, 2026 5d ago | SC 13G/A | $77.94 | awaiting T+5 | — | $74.01 (−5.04%) |
Oct 21, 2026 5d ago | Insider Cluster | $77.94 | awaiting T+5 | — | $74.01 (−5.04%) |
Oct 20, 2026 6d ago | 6-K | $80.43 | awaiting T+5 | — | $74.01 (−7.98%) |
Oct 16, 2026 10d ago | Institutional Cluster | $88.47 $73.82 | ▼ −16.56% | ▼ −16.41% | $74.01 (−16.34%) |
Oct 5, 2026 21d ago | Insider Cluster | $96.85 $95.88 | ▲ +1.00% | ▲ +1.42% | $74.01 (+23.58%) |
Oct 1, 2026 25d ago | Insider Cluster | $95.27 $92.89 | ▲ +2.50% | ▲ +3.80% | $74.01 (+22.32%) |
Sep 29, 2026 27d ago | Insider Cluster | $98.62 $96.53 | ▼ −2.12% | ▼ −4.07% | $74.01 (−24.95%) |
Sep 25, 2026 4w ago | Insider Cluster | $99.55 $95.19 | ▲ +4.38% | ▲ +4.16% | $74.01 (+25.66%) |
Sep 23, 2026 4w ago | Insider Cluster | $103.29 $97.36 | ▼ −5.74% | ▼ −5.07% | $74.01 (−28.35%) |
US Market Status
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