Are the Sea (SE) share options held by Wang Yanjun currently exercisable?

Yes. Footnotes state the options granted on February 28, 2018 and April 17, 2022 are fully exercisable. This means he can convert those options into Class A ordinary shares under their stated terms.

Sea CCO Wang Yanjun reports equity holdings

Q: How many Sea (SE) Class A ordinary shares does Wang Yanjun hold directly and indirectly?

He directly holds 1,220,976 Class A ordinary shares and indirectly holds 38,000 Class A ordinary shares through a BVI entity. These figures represent his reported ownership positions as of the Form 3 reporting date.

Q: What share options in Sea (SE) does Wang Yanjun report on this Form 3?

He reports fully exercisable share options over 900,000 Class A ordinary shares at $15.00 per share expiring on February 28, 2028, and options over 750,000 Class A ordinary shares at $120.00 per share expiring on April 17, 2032.

Q: How is indirect ownership by a BVI entity reported for Sea (SE) executive Wang Yanjun?

The filing lists 38,000 Class A ordinary shares as indirectly owned, with the nature of ownership described as “By BVI entity.” This indicates those shares are held through a separate BVI entity rather than directly in his name.

Sea Ltd executive Wang Yanjun, the company’s CCO and GC, filed an initial ownership report showing substantial equity interests.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

Rhea-AI Filing Summary

Sea Ltd executive Wang Yanjun, the company’s CCO and GC, filed an initial ownership report showing substantial equity interests. He directly holds 1,220,976 Class A ordinary shares and indirectly holds 38,000 Class A ordinary shares through a BVI entity. He also holds fully exercisable share options over 900,000 Class A ordinary shares at an exercise price of $15.00 per share expiring on February 28, 2028, and options over 750,000 Class A ordinary shares at an exercise price of $120.00 per share expiring on April 17, 2032.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Wang Yanjun

Role CCO and GC

Type	Security	Shares	Price	Value
holding	Share options (right to buy)	--	--	--
holding	Share options (right to buy)	--	--	--
holding	Class A ordinary shares	--	--	--
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Share options (right to buy) — 1,650,000 contracts (Direct); Class A ordinary shares — 1,220,976 shares (Direct); Class A ordinary shares — 38,000 shares (Indirect, By BVI entity)

Footnotes (2)

F1. The share options were granted on February 28, 2018 and are fully exercisable.
F2. The share options were granted on April 17, 2022 and are fully exercisable.

FAQ

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

What does Sea (SE) executive Wang Yanjun report in this Form 3?

Wang Yanjun reports his initial ownership in Sea Ltd, including direct and indirect Class A shares and fully exercisable share options. This filing details his existing equity interests as CCO and GC, not new purchases or sales of securities.

How many Sea (SE) Class A ordinary shares does Wang Yanjun hold directly and indirectly?

He directly holds 1,220,976 Class A ordinary shares and indirectly holds 38,000 Class A ordinary shares through a BVI entity. These figures represent his reported ownership positions as of the Form 3 reporting date.

Does this Sea (SE) Form 3 show any recent buying or selling by Wang Yanjun?

No. The Form 3 presents his existing holdings and option positions as of the reporting date. The transaction summary shows holding entries only, with no buy or sell transactions reported in this filing.

How is indirect ownership by a BVI entity reported for Sea (SE) executive Wang Yanjun?

The filing lists 38,000 Class A ordinary shares as indirectly owned, with the nature of ownership described as “By BVI entity.” This indicates those shares are held through a separate BVI entity rather than directly in his name.

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

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Accepted by SEC EDGAR 03/18/2026 - 06:53 AM EDT

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Wang Yanjun

(Last)

(First)

(Middle)

C/O 1 FUSIONOPOLIS PLACE,

#17-10, GALAXIS

(Street)

SINGAPORE

138522

(City)

(State)

(Zip)

SINGAPORE

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Sea Ltd [ SE ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CCO and GC

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A ordinary shares	1,220,976	D
Class A ordinary shares	38,000	I	By BVI entity

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Share options (right to buy)	⁽¹⁾	02/28/2028	Class A ordinary shares	900,000	$15	D
Share options (right to buy)	⁽²⁾	04/17/2032	Class A ordinary shares	750,000	$120	D

Explanation of Responses:

1. The share options were granted on February 28, 2018 and are fully exercisable.

2. The share options were granted on April 17, 2022 and are fully exercisable.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR