Summary by Futu AI
Sea Limited, through its affiliate COAST BRIDGE INVESTMENTS LIMITED, has announced the upcoming sale of 519,210 American Depositary Shares (ADS) on 06/27/2024. The shares, valued at approximately $38,686,337, were originally acquired on 11/10/2022 as part of an employee stock option execution. The securities were obtained directly from the issuer, Sea Limited, as compensation for services rendered. This transaction follows a series of sales over the past three months, where a total of 499,980 ADS were sold for gross proceeds of $32,742,646. The planned sale is in line with a notice dated on the same day as the sale and follows an instruction given on 12/26/2023.