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Sea Ltd COO Ye Gang sells 40,000 shares

Sea Ltd’s COO and director Ye Gang disclosed Rule 10b5-1 plan sales totaling 40,000 shares while retaining over 20 million shares directly.

(Very High)
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Form Type
4

Rhea-AI Filing Summary

Sea Ltd (SE) reported that director and chief operating officer Ye Gang, through a BVI entity he controls, sold a total of 40,000 Class A ordinary shares on September 15–16, 2026 under a Rule 10b5-1 trading plan. The sales occurred at weighted-average prices spanning approximately $102.57 to $106.49 per share. Following these trades, Ye Gang holds 20,396,405 Class A ordinary shares directly.

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Insider Ye Gang
Role COO
Sold 40,000 shs ($4.16M)
Type Security Shares Price Value
Sale Class A ordinary shares F1, F6 3,200 $103.12 $330K
Sale Class A ordinary shares F1, F7 11,193 $103.96 $1.16M
Sale Class A ordinary shares F1, F8 5,607 $104.99 $589K
Sale Class A ordinary shares F1, F2 8,797 $103.33 $909K
Sale Class A ordinary shares F1, F3 8,803 $103.85 $914K
Sale Class A ordinary shares F1, F4 1,200 $105.13 $126K
Sale Class A ordinary shares F1, F5 1,200 $106.03 $127K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 638,792 shares (Indirect, By BVI entity); Class A ordinary shares — 20,396,405 shares (Direct)
Footnotes (8)
  1. F1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on May 21, 2026.
  2. F2. Represents the weighted average price of shares sold at prices that ranged from $102.61 to $103.605. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
  3. F3. Represents the weighted average price of shares sold at prices that ranged from $103.61 to $104.60.
  4. F4. Represents the weighted average price of shares sold at prices that ranged from $104.70 to $105.56.
  5. F5. Represents the weighted average price of shares sold at prices that ranged from $105.71 to $106.49.
  6. F6. Represents the weighted average price of shares sold at prices that ranged from $102.57 to $103.55.
  7. F7. Represents the weighted average price of shares sold at prices that ranged from $103.57 to $104.56.
  8. F8. Represents the weighted average price of shares sold at prices that ranged from $104.57 to $105.30.
Total shares sold 40,000 shares Class A ordinary shares sold indirectly on September 15–16, 2026
Lowest price range $102.57 per share Lower end of disclosed weighted-average price ranges for September 2026 sales
Highest price range $106.49 per share Upper end of disclosed weighted-average price ranges for September 2026 sales
Direct holdings after transactions 20,396,405 shares Class A ordinary shares directly held by Ye Gang as of September 15, 2026
Rule 10b5-1 plan adoption date May 21, 2026 Date a BVI entity controlled by Ye Gang adopted the trading plan
Number of sale transactions 7 transactions Individual sale entries of Class A ordinary shares reported for September 15–16, 2026
Rule 10b5-1 trading plan regulatory
"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"Represents the weighted average price of shares sold at prices"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
BVI entity financial
"trading plan adopted by a BVI entity controlled by the Reporting Person"

FAQ

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

What insider transaction did Sea Ltd (SE) disclose for Ye Gang?

Sea Ltd disclosed that Ye Gang, its director and chief operating officer, reported the sale of 40,000 Class A ordinary shares on September 15–16, 2026. The shares were sold indirectly through a BVI entity he controls under a Rule 10b5-1 trading plan.

How many Sea Ltd (SE) shares did Ye Gang sell and at what prices?

Ye Gang reported selling 40,000 Class A ordinary shares of Sea Ltd at weighted-average prices within ranges from $102.57 to $106.49 per share. The filing notes multiple sales buckets, each with its own weighted-average price and disclosed trading range.

Were Ye Gang’s Sea Ltd (SE) share sales made under a Rule 10b5-1 plan?

Yes. A footnote states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Ye Gang on May 21, 2026. This indicates the trades were pre-arranged under that plan.

How many Sea Ltd (SE) shares does Ye Gang hold after these transactions?

After the reported transactions, Ye Gang is shown as directly holding 20,396,405 Class A ordinary shares of Sea Ltd as of September 15, 2026. The filing reports these as direct holdings, separate from shares held through the BVI entity.

Are Ye Gang’s Sea Ltd (SE) share sales direct or through another entity?

The reported 40,000-share sale was made indirectly by a BVI entity controlled by Ye Gang. The filing identifies the nature of ownership for the sold shares as held through that BVI entity, while his 20,396,405 shares are reported as held directly.

Over what dates did Ye Gang sell Sea Ltd (SE) shares in this filing?

The filing reports sales of Sea Ltd Class A ordinary shares on September 15, 2026 and September 16, 2026. Across these two days, the total number of shares sold indirectly through the BVI entity was 40,000.

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

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Ye Gang

(Last)(First)(Middle)
C/O 1 FUSIONOPOLIS PLACE,
#17-10, GALAXIS

(Street)
SINGAPORE138522

(City)(State)(Zip)

SINGAPORE

(Country)
2. Issuer Name and Ticker or Trading Symbol
Sea Ltd [ SE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A ordinary shares09/15/2026S8,797(1)D$103.33(2)669,995IBy BVI entity
Class A ordinary shares09/15/2026S8,803(1)D$103.85(3)661,192IBy BVI entity
Class A ordinary shares09/15/2026S1,200(1)D$105.13(4)659,992IBy BVI entity
Class A ordinary shares09/15/2026S1,200(1)D$106.03(5)658,792IBy BVI entity
Class A ordinary shares09/16/2026S3,200(1)D$103.12(6)655,592IBy BVI entity
Class A ordinary shares09/16/2026S11,193(1)D$103.96(7)644,399IBy BVI entity
Class A ordinary shares09/16/2026S5,607(1)D$104.99(8)638,792IBy BVI entity
Class A ordinary shares20,396,405D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on May 21, 2026.
2. Represents the weighted average price of shares sold at prices that ranged from $102.61 to $103.605. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
3. Represents the weighted average price of shares sold at prices that ranged from $103.61 to $104.60.
4. Represents the weighted average price of shares sold at prices that ranged from $104.70 to $105.56.
5. Represents the weighted average price of shares sold at prices that ranged from $105.71 to $106.49.
6. Represents the weighted average price of shares sold at prices that ranged from $102.57 to $103.55.
7. Represents the weighted average price of shares sold at prices that ranged from $103.57 to $104.56.
8. Represents the weighted average price of shares sold at prices that ranged from $104.57 to $105.30.
/s/ Mark Tang, attorney-in-fact for Gang Ye09/17/2026
** Signature of Reporting PersonDate
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 4 (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 4: SEC 1474 (03-26)

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