Affiliate Coast Bridge Investments Plans $202M Sea Ltd ADS Sale Under 10b5-1 Plan
SE sits 71% above its 52-week low of $77.05 on elevated volume (3.3× avg).
Summary
Sea Ltd affiliate Coast Bridge Investments Limited intends to sell 1.54 million ADSs worth ~$202.3 million under a 10b5-1 plan, adding to a recent pattern of insider selling.
Key Events · Ownership and Investor Activity · SE
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$202M ADS Sale Planned
Coast Bridge Investments Limited, an affiliate, filed to sell 1,538,400 ADSs with an approximate market value of $202,314,984 under a 10b5-1 plan adopted 09/10/2025.
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Pre-Planned 10b5-1 Transaction
The sale is executed under a Rule 10b5-1 trading plan adopted nearly 11 months ago, reducing the likelihood of opportunistic timing based on current material non-public information.
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Broader Insider Selling Trend
This filing adds to a 90-day insider selling pattern totaling over $90 million, with multiple Form 4 and 144 filings from officers and affiliates, signaling ongoing distribution.
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Strong Q2 Results Precede Filing
The Form 144 was filed on the same day Sea Ltd reported Q2 revenue of $7.8 billion (up 48% YoY) and net income of $458 million, beating consensus estimates.
Analysis · SE · Trade & Services
Coast Bridge Investments Limited, an affiliate of Sea Ltd, filed to sell 1,538,400 ADSs worth approximately $202.3 million under a pre-existing 10b5-1 trading plan adopted in September 2025. While the sale is pre-planned and the filer is not a named executive officer, the size is notable — roughly 0.27% of outstanding shares — and comes amid a pattern of insider selling over the past 90 days totaling over $90 million. The filing follows strong Q2 results announced earlier today, which may provide a favorable backdrop for the sale. The 10b5-1 plan structure reduces the signaling impact, but the magnitude and the broader distribution trend warrant attention.
At the time of this filing, SE was trading at $131.55 on NYSE in the Trade & Services sector, with a market capitalization of approximately $70.3B. The 52-week trading range was $77.05 to $199.30. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.