Summary by Moomoo AI
Devon Court Limited, an affiliate of Sea Limited, is set to sell 125,000 American Depositary Receipts (ADRs), each representing one Class A ordinary share of Sea Limited, with an aggregate market value of $9,230,000. The planned sale date is 06/14/2024. These securities were acquired through the exercise of share options under Sea Limited's Employee Stock Ownership Plan (ESOP) on two occasions, with 75,000 shares acquired on 06/25/2020 and 50,000 shares on 12/31/2014, both transactions paid in cash. Over the past three months, Devon Court Limited has sold a total of 125,000 securities, generating gross proceeds of $8,106,192. The notice of the upcoming sale was filed on the same day as the planned sale, with the sale plan having been adopted on 09/29/2023.