Sea Limited Chairman and CEO Li Xiaodong sold about 1.1 million Class A ordinary shares on August 11 for $137.3 million, according to an SEC Form 4 filing. The sale was executed under a Rule 10b5-1 plan adopted nearly a year earlier, indicating a structured liquidity event rather than a reaction to the company's strong second-quarter results. The shares were sold through a BVI holding entity, which still holds about 288,000 shares indirectly. Sea Limited reported second-quarter revenue up 48% to $7.8 billion, with Shopee e-commerce GMV reaching $38.3 billion and the Monee fintech unit growing revenue 59% as its loan book expanded 62% to $11.1 billion.
Sea LtdCEO Li Xiaodong sold ~1.1 million Class A shares for $137.3 million under a 10b5-1 plan, a notable insider sale.
