Summary by Moomoo AI
Sea Limited, an affiliate known as Alpha Ally Holdings Limited, is set to sell 1,000,000 ADR shares of Sea on 03/21/2024, with an aggregate market value of $56,980,000. The ADRs were originally acquired on 11/16/2020 through the exercise of share options under Sea's Employee Stock Ownership Plan (ESOP) as compensation for services provided. This transaction follows a period where no securities were sold by the affiliate in the past three months.