Sea Ltd (NYSE: SE) COO Ye Gang discloses sizeable equity holdings

Rhea-AI Filing Summary

Sea Ltd director and COO Ye Gang has filed an initial ownership report showing substantial equity holdings in the company. He directly holds 22,794,539 Class A ordinary shares, plus 90,000 Class A shares held indirectly through a BVI entity. He also holds fully exercisable share options over 1,650,000 Class A shares at an exercise price of 15.0000 per share expiring on February 28, 2028, and options over 2,000,000 Class A shares at 120.0000 per share expiring on April 17, 2032.

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

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1. Name and Address of Reporting Person^*

Ye Gang

(Last) (First) (Middle)

C/O 1 FUSIONOPOLIS PLACE,

#17-10, GALAXIS

(Street)

SINGAPORE 138522

(City) (State) (Zip)

UNITED STATES

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	COO

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	22,794,539	D
Class A ordinary shares	90,000	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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Share options (right to buy)	(1)	02/28/2028	Class A ordinary shares	1,650,000	$15	D
Share options (right to buy)	(2)	04/17/2032	Class A ordinary shares	2,000,000	$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/ Mark Tang, attorney-in-fact for Gang Ye	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)

FAQ

What does Sea Ltd (SE) COO Ye Gang report in this Form 3?

Ye Gang reports his existing ownership stake in Sea Ltd, not new trades. He directly holds 22,794,539 Class A ordinary shares, 90,000 Class A shares indirectly via a BVI entity, and multiple fully exercisable share option awards over additional Class A shares.

How many Sea Ltd Class A shares does Ye Gang directly own?

Ye Gang directly owns 22,794,539 Class A ordinary shares of Sea Ltd. This figure reflects his direct equity position as reported in the Form 3 and serves as the baseline for tracking any future changes in his direct share ownership.

What indirect Sea Ltd holdings does Ye Gang report on Form 3?

He reports 90,000 Class A ordinary shares held indirectly through a BVI entity. These shares are classified as indirect ownership, separate from his large direct stake, and highlight additional exposure to Sea Ltd through a related offshore holding structure.

What share options does Ye Gang hold in Sea Ltd according to the filing?

He holds fully exercisable options over 1,650,000 Class A shares at 15.0000 per share, expiring February 28, 2028, and options over 2,000,000 Class A shares at 120.0000, expiring April 17, 2032. These options provide additional potential equity exposure.

Are the Sea Ltd share options held by Ye Gang currently exercisable?

Yes. Footnotes state the options granted on February 28, 2018 and April 17, 2022 are fully exercisable. This means Ye Gang can convert these option awards into Class A ordinary shares at their respective exercise prices, subject to usual plan terms.

Does this Sea Ltd Form 3 show Ye Gang buying or selling shares?

No. The Form 3 lists Ye Gang’s existing share and option holdings as of the reporting date. All entries are tagged as holdings, with no buy or sell transactions reported, providing a starting point for tracking future insider activity.