Sea Director Heng Chen Seng Sells 20,000 Shares for $2.4 Million

1 articles · Updated · Yahoo Finance · Aug 19

$2.4 million of Sea stock was sold by director Heng Chen Seng on Aug. 14, according to an SEC Form 4 filing covering 20,000 Class A shares.
The disposal was executed in multiple trades at $122.00 to $123.56 a share, for a weighted average sale price of $122.31.
Heng still held 164,904 directly owned shares after the sale, a stake worth about $20.11 million at the Aug. 14 close and equal to roughly 0.0275% of Sea.
Sea shares closed at $119.45 on Aug. 17, 2.34% below Heng's average exit price, after the stock had fallen about 30% over the previous year.