Sea Ltd affiliate proposes $14.6M ADS sale

The 150,000 ADS are listed as acquired on March 27, 2025, through exercise of share options under Sea Ltd.'s ESOP.

Rhea-AI Filing Summary

Sea Ltd (symbol: SE) is the issuer of record for a Form 144 filing submitted to the SEC. Sea Ltd. affiliate Sea of Stars Ltd. reported a proposed sale of 150,000 ADS, with an aggregate market value of $14,604,000 and an approximate sale date of October 1, 2026. J.P. Morgan Securities LLC is named as broker and signed as agent and attorney-in-fact for Sea of Stars Ltd.

Key Figures

Proposed sale: 150,000 ADS Aggregate market value: $14,604,000 Shares outstanding: 565,506,375 shares

3 metrics

Proposed sale 150,000 ADS Approximate sale date: October 1, 2026

Aggregate market value $14,604,000 Proposed sale

Shares outstanding 565,506,375 shares Issuer figure listed in the notice

Key Terms

ADS, ESOP, Rule 144

3 terms

ADS technical

"ADS"

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

ESOP financial

"Issuer's ESOP"

An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many SE ADS did Sea of Stars Ltd. plan to sell?

Sea of Stars Ltd. reported a proposed sale of 150,000 ADS, with an aggregate market value of $14,604,000 and an approximate sale date of October 1, 2026.

How did Sea of Stars Ltd. acquire the SE ADS covered by the notice?

The 150,000 ADS to be sold are listed as acquired on March 27, 2025, through exercise of share options under Sea Ltd.'s ESOP.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/01/2026 - 04:49 PM Accepted by SEC EDGAR 10/01/2026 - 04:48 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001965725
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Sea Limited
SEC File Number	001-38237
Address of Issuer	1 Fusionopolis Place, #17-10 Galaxis SINGAPORE 138522
Phone	65-6270-8100
Name of Person for Whose Account the Securities are To Be Sold	Sea of Stars Ltd
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Affiliate

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
ADS	J.P. Morgan Securities LLC 270 Park Avenue, 10th Floor New York NY 10017	150000	14604000	565506375	10/01/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
ADS	03/27/2025	Exercise of share options under Issuers ESOP	Issuer			150000	03/27/2025	Compensation for Services Provided

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Sea of Stars Ltd Trident Chambers, PO Box 146, Road Town Tortola D8 VG1110	ADS	08/11/2026	2000	256523
Sea of Stars Ltd Trident Chambers, PO Box 146, Road Town Tortola D8 VG1110	ADS	08/12/2026	2000	257306
Sea of Stars Ltd Trident Chambers, PO Box 146, Road Town Tortola D8 VG1110	ADS	08/13/2026	2000	248087
Sea of Stars Ltd Trident Chambers, PO Box 146, Road Town Tortola D8 VG1110	ADS	08/14/2026	2000	248107
Sea of Stars Ltd Trident Chambers, PO Box 146, Road Town Tortola D8 VG1110	ADS	08/17/2026	2000	240321
Sea of Stars Ltd Trident Chambers, PO Box 146, Road Town Tortola D8 VG1110	ADS	08/19/2026	420	50410
Sea of Stars Ltd Trident Chambers, PO Box 146, Road Town Tortola D8 VG1110	ADS	08/25/2026	2000	240053
Sea of Stars Ltd Trident Chambers, PO Box 146, Road Town Tortola D8 VG1110	ADS	08/26/2026	2000	242669
Sea of Stars Ltd Trident Chambers, PO Box 146, Road Town Tortola D8 VG1110	ADS	08/28/2026	2000	240149

144: Remarks and Signature

Remarks
Date of Notice	10/01/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	06/29/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ J.P. Morgan Securities LLC as agent and attorney-in-fact for Sea of Stars Ltd
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)