Sea Ltd Exec Ye Gang Maintains 35.3M Class A Share Stake

TL;DR

**Sea Ltd exec Ye Gang still holds 35.3M Class A shares, a bullish sign for long-term investors.**

AI Summary

Ye Gang, a key executive at Sea Ltd, filed an amendment to his SC 13G/A on February 6, 2024, disclosing his beneficial ownership of 35,334,564 Class A ordinary shares as of December 31, 2023. This filing indicates a passive ownership stake, meaning he doesn't intend to influence control of the company. For investors, this shows a significant, stable holding by an insider, which can be a positive signal of confidence in the company's long-term prospects.

Why It Matters

This filing confirms a substantial, stable ownership by a key insider, Ye Gang, which can signal his continued confidence in Sea Ltd's future performance to investors.

Risk Assessment

Risk Level: low — This filing indicates a stable, passive ownership by an insider, posing minimal immediate risk to investors.

Analyst Insight

A smart investor would view this stable insider holding as a positive signal, suggesting confidence from a key executive, and might consider it as a factor when evaluating long-term investment in Sea Ltd.

Key Numbers

• 35,334,564 — Class A ordinary shares (Total shares beneficially owned by Ye Gang)
• US$0.0005 — par value per share (Par value of Sea Ltd's Class A Ordinary Shares)
• December 31, 2023 — Date of Event (The date as of which the ownership information is reported)
• February 6, 2024 — Filing Date (The date the SC 13G/A amendment was filed)

Key Players & Entities

• Ye Gang (person) — Reporting Person, beneficial owner of shares in Sea Ltd
• Sea Ltd (company) — The issuer of the Class A Ordinary Shares
• Singapore (company) — Citizenship or place of organization for Ye Gang
• 07 Trade & Services (company) — Organization name associated with Sea Ltd

Forward-Looking Statements

• Ye Gang will maintain a significant, stable ownership stake in Sea Ltd throughout 2024. (Ye Gang) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.0005 — Class A Ordinary Shares, par value US$0.0005 per share (Title of Class of Securiti

Filing Documents

• tm245312d1_sc13ga.htm (SC 13G/A) — 41KB
• 0001104659-24-010881.txt ( ) — 42KB

(a). Name of Issuer

Item 1(a). Name of Issuer: Sea Limited

(b). Address of Issuer’s Principal Executive Offices

Item 1(b). Address of Issuer’s Principal Executive Offices: 1 Fusionopolis Place, #17-10, Galaxis, Singapore 138522

(a). Name of Person Filing

Item 2(a). Name of Person Filing: Gang Ye

(b). Address of Principal Business Office or, if None, Residence

Item 2(b). Address of Principal Business Office or, if None, Residence: c/o Sea Limited, 1 Fusionopolis Place, #17-10, Galaxis, Singapore 138522

(c). Citizenship or Place of Organization

Item 2(c). Citizenship or Place of Organization: Singapore

(d). Title of Class of Securities

Item 2(d). Title of Class of Securities: Class A ordinary shares of par value US$0.0005 per share

(e). CUSIP Number

Item 2(e). CUSIP Number: 81141R 100* *This CUSIP number applies to the Issuer’s American depositary share, each representing one Class A ordinary share of the Issuer. Item 3. Not Applicable. Item 4. Number of shares as to which such person has: Reporting Person Amount Beneficially Owned Percent of Class Sole Power to Vote or Direct the Vote Shared Power to Vote or to Direct the Vote Sole Power to Dispose or to Direct the Disposition of Shared Power to Dispose or to Direct the Disposition of Gang Ye 35,334,564 (1) 6.1% (2) 35,334,564 (3) 0 35,334,564 0 (1) Represents (i) 28,934,564 Class A Ordinary Shares (including American Depositary Shares represented by Class A Ordinary Shares) held or beneficially owned by Mr. Ye, and (ii) 6,400,000 Class A Ordinary Shares issuable upon exercise of options for Class A Ordinary Shares held by Mr. Ye within 60 days from December 31, 2023. (2) As a percentage of 572,340,007 Shares, which included all the Class A Ordinary Shares and the Class B Ordinary Shares, of the Issuer issued and outstanding as of December 31, 2023. Each Class A Ordinary Share is entitled to one vote, and each Class B Ordinary Share is entitled to fifteen votes. The Shares beneficially owned by Mr. Ye (excluding 13,358,719 Class A Ordinary Shares which Mr. Ye has appointed Mr. Forrest Xiaodong Li as his irrevocable proxy to vote) represent approximately 1.8% of the aggregate voting power of the total issued and outstanding Shares of the Issuer. (3) Includes 13,358,719 Class A Ordinary Shares which Mr. Ye has appointed Mr. Forrest Xiaodong Li as his irrevocable proxy to exercise voting power. 2 Item 5. Not Applicable. Item 6. Not Applicable. Item 7. Identification and Classification of the Subsidiary Which A

View Full Filing

View this SC 13G/A filing on SEC EDGAR