Zhao Feng, president of Garena, sold 4,000 Class A ordinary shares of Sea Limited in transactions on August 11 and August 12 under a Rule 10b5-1 trading plan adopted on December 26, 2025, according to an SEC Form 4 filing. The sale, executed through a BVI entity controlled by Zhao, had a transaction value of $513,840 based on a weighted average sale price of $128.46, leaving him with 1,690,128 directly held Class A shares. Sea Limited, which operates digital entertainment, e-commerce, and digital financial services across Southeast Asia and Latin America, has a market capitalization of roughly $70 billion and reported trailing twelve-month revenue of $25.2 billion and net income of $1.6 billion. Garena's bookings rose 15.5% to $764 million and segment profit climbed 17% in the latest quarter, with Free Fire still drawing more than 100 million players daily, though the division remains heavily dependent on that single title.
Sea LtdGarena president Zhao Feng sold 4,000 Sea Class A shares under a pre-adopted Rule 10b5-1 trading plan, a routine insider sale.
