Li Xiaodong sells $137.3M of SELi Xiaodong 内部减持 Sea集团 (SE) $137.3M

Core Transaction Details

Li Xiaodong, Chairman and Chief Executive Officer of Sea Limited (ticker SE), sold 1,057,650 shares of common stock on the open market on August 11, 2026, at a price per share of $129.80, for total gross proceeds of $137,287,768. The Form 4 filing disclosing this transaction was submitted to the SEC on August 13, 2026, and the total transaction value equals 0.179% of Sea Limited’s current $76.9 billion market capitalization.

Ownership Change Signal

This large-scale sale by the company’s top executive stands in sharp contrast to other insider transactions filed the same day: six total Form 4 filings were submitted for SE on August 13, 2026, with five covering multiple small stock sales by Wang Yanjun, Chief Compliance Officer and General Counsel. Wang’s total aggregate sales across all transactions that day reached roughly $260,600, with the largest single sale valued at $95,317, far smaller than Li’s transaction.

Cross-Referenced Context

This insider sale disclosure coincided with SE’s better-than-expected second-quarter 2026 earnings, where reported EPS of $0.86 slightly beat consensus estimates of $0.859, and reported revenue exceeded market forecasts. As of December 31, 2025, SE had 913 institutional holders representing 63.7% of its floating stock, with total institutional assets under management of $48.3 billion.

Follow-up Markers and Signal Limitations

This Form 4 filing only documents the facts of the open-market stock sale, and does not confirm the motive behind the transaction (such as personal financial needs or assessment of company valuation), nor does it disclose whether the trade was executed under a pre-arranged 10b5-1 plan. The disclosure does not imply any judgment about Sea Limited’s long-term prospects, future stock price movement, or investment suitability.