Sea CEO Li Xiaodong Sells 1.1 Million Shares for $137.3 Million via 10b5-1 Plan

1 articles · Updated · Yahoo Finance · Aug 15

Li Xiaodong disclosed the August 11 sale of about 1.1 million Sea Class A shares, according to an SEC Form 4, at a weighted average price of $129.80.
The $137.3 million disposal was executed under a Rule 10b5-1 trading plan adopted nearly a year earlier, signaling a prearranged liquidity move rather than a reaction to fresh market or company developments.
Sea shares had already fallen more than 30% over the past year; they closed at $128.11 on August 12 after ending August 11 at $131.51.
About 288,000 indirectly held shares remain in the same BVI entity used for the sale, showing Li continues to hold part of his stake through that structure.