A BVI entity controlled by Yanjun Wang, Sea Ltd’s CCO and GC, sold 1,600 Class A ordinary shares on October 21 and 22, 2026, under a Rule 10b5-1 trading plan adopted March 26, 2026. Separately, Wang was reported as directly holding 1,033,642 Class A ordinary shares on October 21, 2026.
Sea Ltd President Feng Zhimin exercised 1,000,000 share options on October 21, 2026, at an exercise price of $15 per share, acquiring 1,000,000 Class A ordinary shares. The options were granted on February 28, 2018, and are fully exercisable. After the transactions, he reported 2,003,969 directly held Class A ordinary shares and 2,000,000 share options. The report also lists 208,291 Class A ordinary shares held indirectly through a BVI entity.
Sea Ltd's ownership amendment reports that investment adviser Baillie Gifford & Co beneficially owned 37,150,679 American depositary shares, equal to 6.55% of the class. It reported sole voting power over 27,415,507 ADSs and sole dispositive power over 37,150,679 ADSs; shared voting and dispositive power were both zero.
Baillie Gifford & Co and/or one or more of its investment adviser subsidiaries hold the securities on behalf of investment advisory clients, which may include registered investment companies, employee benefit plans, pension funds, or other institutional clients. Grant Meikle, Regulatory Reporting Manager, signed the ownership statement.
Sea Ltd CFO Tianyu Hou reported that a BVI entity he controls sold 10,000 Class A ordinary shares on October 19, 2026, under a Rule 10b5-1 trading plan adopted March 19, 2026. The six reported weighted-average prices were 4,867 shares at $88.54; 4,348 at $89.16; 314 at $90.22; 237 at $91.60; 63 at $91.98; and 171 at $93.00 per share. Hou directly held 2,343,015 Class A ordinary shares following the transactions.
A BVI entity controlled by Sea Ltd CCO and GC Yanjun Wang sold 1,800 Class A ordinary shares in nine reported transactions on October 19 and October 20, 2026. The sales were made under a Rule 10b5-1 trading plan adopted by the entity on March 26, 2026. Reported weighted-average prices included $90.29 per share for 958 shares sold October 19, and $80.76 per share for 458 shares sold October 20; transaction footnotes give execution-price ranges of $90.22–$91.00 and $80.46–$81.43, respectively.
Sea Limited Chairman and CEO Forrest Li marked the ninth anniversary of the company’s IPO by comparing its most recent quarter with the quarter in which it listed. Garena’s quarterly active users grew from 69 million to 666 million, Shopee’s quarterly GMV from $1.1 billion to $38.3 billion, and Sea’s quarterly revenue from $94 million to $7.8 billion—changes Li described as almost 10 times, 35 times and more than 80 times, respectively. He said all three businesses are well-scaled, profitable and still growing.
Sea said it is going to offer its internally developed cloud capability to the world as Sea Cloud, an AI-first enterprise platform. Li also said Sea believes its financial-services business Monee is approaching the point where it can stand on its own.
Yanjun Wang, Sea Ltd’s CCO and GC, reported that a BVI entity he controls sold 2,000 Class A ordinary shares on October 15 and 16, 2026, under a Rule 10b5-1 trading plan adopted by the entity on March 26, 2026. A separate direct-holding entry dated October 15, 2026 lists 1,033,642 Class A ordinary shares.
Sea Ltd CCO and GC Yanjun Wang reported that a BVI entity controlled by Wang sold 2,000 Class A ordinary shares in six transactions on October 13 and 14, 2026. The sales were made under a Rule 10b5-1 trading plan adopted by the entity. A separate holding entry lists 1,033,642 Class A ordinary shares held directly as of October 13, 2026.
Sea Ltd (SE) CCO and GC Yanjun Wang reported sales of 2,000 Class A ordinary shares by a BVI entity he controls on October 9 and October 12, 2026. The entity made the sales under a Rule 10b5-1 trading plan it adopted on March 26, 2026. Wang directly held 1,033,642 Class A ordinary shares as of October 9, 2026.
Sea Ltd (SE) CCO and GC Yanjun Wang reported that a BVI entity controlled by Wang sold 2,000 Class A ordinary shares on October 7 and 8, 2026, under a Rule 10b5-1 trading plan adopted March 26, 2026. On October 7, the entity sold 935 shares at a weighted average of $94.88 and 65 at $95.40; on October 8, it sold 794 at $93.04 and 206 at $93.87. A separate direct-holdings entry dated October 7, 2026, lists 1,033,642 shares.