Chen Jingye, Chief Product Officer of Shopee at Sea Ltd (NYSE:SE), filed a Form 4 on September 15, 2026, disclosing the sale of Class A ordinary shares across multiple transactions on September 11 and September 14, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Total shares sold: 60,000 Class A ordinary shares were disposed of across nine transactions on September 11 and September 14, 2026.
  • Price range: Weighted average sale prices ranged from $105.27 to $109.97 per share, with individual transaction ranges spanning from $104.83 to $110.10.
  • Trading plan: All sales were made pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person on June 10, 2026.
  • Remaining indirect holdings: Following all reported transactions, the BVI entity beneficially owns 180,000 Class A ordinary shares indirectly.
  • Direct holdings: Chen Jingye also holds 8,976,574 Class A ordinary shares directly.
  • Indirect ownership structure: All sold shares and remaining indirect shares are held through a BVI entity controlled by the reporting person.

Chen Jingye's Share Disposals at Sea Ltd: Transaction Details

According to the filing, Chen Jingye, who serves as CPO of Shopee at Sea Ltd, disposed of Class A ordinary shares in nine separate sale transactions coded "S" across two trading dates. On September 11, 2026, three tranches were sold: 14,833 shares at a weighted average price of $106.95, 13,447 shares at $107.97, and 1,720 shares at $108.75. Each reported price is a weighted average, with the actual per-share prices varying within disclosed ranges, and the filing states that full information on shares sold at each separate price will be provided upon request to the SEC staff, the issuer, or a security holder.

On September 14, 2026, six additional tranches were sold: 3,700 shares at $105.27, 4,700 shares at $106.25, 2,200 shares at $107.38, 10,800 shares at $108.50, 5,600 shares at $109.19, and 3,000 shares at $109.97. All transactions were executed indirectly through a BVI entity controlled by the reporting person. The filing confirms all sales occurred under a Rule 10b5-1 plan adopted on June 10, 2026, satisfying the affirmative defense conditions of Rule 10b5-1(c) as indicated by the checked box on the form.

Following the nine reported disposals, the BVI entity held 180,000 Class A ordinary shares indirectly. Separately, Chen Jingye reported direct beneficial ownership of 8,976,574 Class A ordinary shares, which were not subject to any transaction in this filing. The form was signed by Mark Tang as attorney-in-fact for Jingye Chen and filed on September 15, 2026.

What Was Disclosed

The filing disclosed nine sales of Class A ordinary shares of Sea Ltd by Chen Jingye, CPO of Shopee, totaling 60,000 shares sold through a BVI entity between September 11 and September 14, 2026, under a pre-established Rule 10b5-1 trading plan.