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.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1661 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
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.