Insiders' Exit: What's Behind Zhimin Feng's $4 Million Sale of Sea Limited Shares? Zhimin Feng, president of Sea Limited, recently sold 30,000 Class A ordinary shares for approximately $3.
9 million, sparking questions about his motivations behind this move.
The sale was conducted under a Rule 10b5 1 trading plan adopted on March 26, which allows insiders to schedule trades in advance and provides liquidity.