Sea President Zhimin Feng Sells 30,000 Shares for $3.9 Million Under 10b5-1 Plan
Updated
Updated · Yahoo Finance · Aug 15
Sea President Zhimin Feng Sells 30,000 Shares for $3.9 Million Under 10b5-1 Plan
1 articles · Updated · Yahoo Finance · Aug 15
Summary
$3.9 million of Sea Class A shares were sold by President Zhimin Feng on Aug. 11-12, according to an SEC Form 4 covering 30,000 shares.
A Rule 10b5-1 plan adopted on March 26 governed the sale, indicating the trades were pre-scheduled rather than a discretionary move tied to current market conditions.
Feng still directly holds 1,003,969 Class A shares after the sale, with execution prices across multiple tranches ranging from $126.28 to $131.70 and averaging about $129.35.
Sea's $76.9 billion market value makes the disposal relatively small, underscoring that the transaction was a minor fraction of the Southeast Asian tech group's overall scale.