Sea Limited Director Heng Chen Seng Sells Shares Worth $2.4 Million
On August 14, 2026, Sea Limited director Heng Chen Seng sold 20,000 Class A ordinary shares for a total of approximately $2.4 million at an average price of $122.31 per share. The transaction was disclosed in an SEC Form 4 filing and marked the sale of about 11% of his holdings in Sea Limited (SE). Post-transaction, Chen retained ownership of 164,904 shares, representing roughly a 0.0275% stake in the company. Sea Limited's stock closed at $121.94 on August 14 and dropped further to $119.45 by August 17, reflecting a decline of about 2.34%. The broader market context shows that Sea’s shares have declined by around 30% over the past year but are up approximately 55% from their 52-week low as of March 2026. The company operates in digital entertainment, e-commerce, and financial services with a $67.7 billion market cap and TTM revenue of $27.7 billion. While the sale may raise questions among investors about Chen’s confidence in Sea Limited's future performance, he still holds 89% of his shares, suggesting continued optimism.
Tickers: $SE
Topics: director sale Sea Limited SEC Form 4