The COO's $909K sale is the standout — it is not a routine tax-withholding or plan-driven disposition. Monitor next 8-K or earnings release for any operational update that could explain the timing. The CPO of Shopee also selling on the same day adds weight to the signal. If the stock pulls back 3-5% in the next week, the cluster may prove to be a leading indicator of softer e-commerce trends.
Price Chart
Executive Summary
Three senior insiders at Sea Ltd — COO Ye Gang, Shopee CPO Chen Jingye, and CCO/GC Wang Yanjun — sold a combined ~$1.16M in open-market transactions over a 7-day window ending September 15, 2026. The cluster is dominated by the COO's $909K sale, representing the largest single insider disposition. While the total dollar value is modest relative to Sea's ~$60B market cap (~0.002%), the concentration of C-suite selling on the same day (Sept 14) without any disclosed 10b5-1 plan raises a cautionary flag about insider sentiment near current price levels.
Key Financial Metrics
Key Facts
- COO Ye Gang sold 8,800 shares for ~$909K on Sept 15, the largest single insider trade in the cluster
- Shopee CPO Chen Jingye sold 2,200 shares for ~$236K on Sept 14
- CCO/GC Wang Yanjun sold 144 shares for ~$15K on Sept 14
- Total cluster value: ~$1.16M, all open-market sales with no 10b5-1 plan indicated
- Cluster represents ~0.002% of Sea's estimated $60B market cap — trivial by proportionality
Financial Impact
~$1.16M in insider sales, negligible relative to market cap
Risk Factors
- Insider sales may be liquidity-driven despite lack of 10b5-1 plan — COO could be diversifying after a run-up
- Cluster value is too small to move the stock on its own; market may ignore it entirely
- No accompanying negative filing (earnings miss, guidance cut) to corroborate the bearish signal
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SE-1789640202953 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Insider Cluster | $72.59 | awaiting T+5 | — | $74.01 (+1.96%) |
Oct 23, 2026 4d ago | Insider Cluster | $74.63 | awaiting T+5 | — | $74.01 (−0.83%) |
Oct 21, 2026 6d ago | SC 13G/A | $77.94 | awaiting T+5 | — | $74.01 (−5.04%) |
Oct 21, 2026 6d ago | Insider Cluster | $77.94 | awaiting T+5 | — | $74.01 (−5.04%) |
Oct 20, 2026 7d 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 22d ago | Insider Cluster | $96.85 $95.88 | ▲ +1.00% | ▲ +1.42% | $74.01 (+23.58%) |
Oct 1, 2026 26d ago | Insider Cluster | $95.27 $92.89 | ▲ +2.50% | ▲ +3.80% | $74.01 (+22.32%) |
Sep 29, 2026 28d 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%) |
US Market Status
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