Zhimin Feng disposed of 30,000 shares at a weighted-average price of $129.35 per share, for a total of $3.9 million.
The transaction was executed indirectly through a British Virgin Islands entity controlled by the reporting person.
This sale was conducted under a Rule 10b5-1 trading plan, representing routine portfolio management.
President Zhimin Feng sold 30,000 Class A ordinary shares of Sea Limited (NYSE:SE) for approximately $3.9 million on August 11 and August 12, according to an SEC Form 4 filing.
| Metric | Value |
|---|---|
| Shares sold | 30,000 |
| Transaction value | ~$3.9 million |
| Post-transaction Class A shares (directly held) | 1,003,969 |
Transaction value based on SEC Form 4 weighted average sale price ($129.35); post-transaction value based on the August 12 market close ($128.11).
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-12) | $128.11 |
| Market Capitalization | $76.9 billion |
| Revenue (TTM) | $25.2 billion |
| Net Income (TTM) | $1.6 billion |
Sea Limited is a leading digital platform operator in Southeast Asia with a $76.9 billion market capitalization and TTM revenues of $25.2 billion, demonstrating significant scale across three core business verticals. The company leverages its integrated ecosystem to capture value across the digital entertainment, e-commerce, and fintech sectors, positioning itself as a comprehensive digital services provider for emerging markets. With operations spanning multiple geographies, Sea Limited benefits from network effects and cross-platform synergies that enhance customer acquisition efficiency and lifetime value.
Sea’s largest business just had its strongest stretch in years, which is the backdrop for this trim by one of the company’s most senior operating executives. Feng sold 30,000 shares on a plan set in March and kept more than a million, so the sale itself is a footnote to what Shopee is doing.
The e-commerce arm he helps steer lifted quarterly gross merchandise value to $38.3 billion and grew revenue 48%, and after years of losses, it is now solidly profitable, with management guiding toward $1 billion in full-year Shopee earnings. CEO Forrest Li said Shopee “again achieved new highs in GMV, gross order volume and revenue.” The catch sits in how thin those profits still are, since Shopee earns well under a cent of adjusted profit per dollar of goods sold. That razor-thin margin is the whole game for Sea’s biggest segment, because reaching and holding a billion in profit means squeezing a bit more from each order while fending off aggressive rivals like TikTok Shop, and the sale by an executive close to that effort says nothing about whether it works.
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Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Sea Limited. The Motley Fool has a disclosure policy.
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