Sea Ltd (0001703399) has filed a Form 144 with the Securities and Exchange Commission, indicating that certain shareholders may be planning to sell a significant number of shares. The filing of Form 144 is a requirement under SEC regulations for holders of restricted stock who plan to sell their shares on the open market. This does not necessarily mean that the shareholders will sell the shares immediately, but it serves as a notice of intent to sell within a specific timeframe.
Sea Ltd is a leading digital entertainment and e-commerce company based in Singapore. The company operates three main businesses: Garena, a gaming platform; Shopee, a leading e-commerce platform in Southeast Asia and Taiwan; and SeaMoney, a digital financial services provider. Sea Ltd has experienced rapid growth in recent years, expanding its presence across multiple markets in the Asia-Pacific region. For more information about Sea Ltd, you can visit their website here.
Form 144 is filed with the SEC when holders of restricted securities plan to sell those shares in the public market. The form must be filed if the amount to be sold exceeds 5,000 shares or $50,000 in any three-month period. The filing helps provide transparency to investors and the market about potential insider selling activities. It is important for investors to monitor Form 144 filings as they can have an impact on the company’s stock price and overall market sentiment.
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Sea Ltd (0001703399) Submits Form 144 Filing to SEC
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