Sea CPO-linked entity sells 1,600 Class A shares

Sea Ltd’s Chief Product Officer for Shopee, Chen Jingye, reported open-market sales of 1,600 Class A ordinary shares over April 8–9, 2026 through a BVI entity he controls.

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Rhea-AI Filing Summary

Sea Ltd’s Chief Product Officer for Shopee, Chen Jingye, reported open-market sales of 1,600 Class A ordinary shares over April 8–9, 2026 through a BVI entity he controls. The trades were executed under a Rule 10b5-1 trading plan at prices ranging from about $82.48 to $89.55 per share.

After these sales, the BVI entity holds 228,000 shares indirectly, while Chen also holds 9,075,774 shares directly. The transactions are small compared with his overall stake and were pre-planned under the trading arrangement.

Insider Trade Summary 10b5-1

Net Seller: 1,600 shares

Net Sell 8 txns

Insider Chen Jingye

Role CPO, Shopee

Sold 1,600 shs ($137K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	195	$82.98	$16K
Sale	Class A ordinary shares	138	$84.06	$12K
Sale	Class A ordinary shares	467	$84.71	$40K
Sale	Class A ordinary shares	427	$85.94	$37K
Sale	Class A ordinary shares	289	$87.14	$25K
Sale	Class A ordinary shares	75	$88.21	$7K
Sale	Class A ordinary shares	9	$89.30	$803.70
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 228,000 shares (Indirect, By BVI entity); Class A ordinary shares — 9,075,774 shares (Direct)

Footnotes (8)

F1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on August 28, 2025.
F2. Represents the weighted average price of shares sold at prices that ranged from $85.64 to $86.63. 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.
F3. Represents the weighted average price of shares sold at prices that ranged from $86.64 to $87.63.
F4. Represents the weighted average price of shares sold at prices that ranged from $87.73 to $88.52.
F5. Represents the weighted average price of shares sold at prices that ranged from $88.99 to $89.55.
F6. Represents the weighted average price of shares sold at prices that ranged from $82.48 to $83.46.
F7. Represents the weighted average price of shares sold at prices that ranged from $83.51 to $84.47.
F8. Represents the weighted average price of shares sold at prices that ranged from $84.48 to $85.30.

Key Figures

Shares sold: 1,600 shares Price range: $82.48–$89.55 per share Indirect holdings after sale: 228,000 shares +3 more

6 metrics

Shares sold 1,600 shares Net open-market sales on April 8–9, 2026

Price range $82.48–$89.55 per share Weighted average price ranges disclosed in footnotes

Indirect holdings after sale 228,000 shares Held by BVI entity controlled by reporting person

Direct holdings 9,075,774 shares Directly held Class A ordinary shares as of April 8, 2026

Largest single trade 467 shares at $84.71 Open-market sale on April 9, 2026

Smallest single trade 9 shares at $89.30 Open-market sale on April 8, 2026

Key Terms

Rule 10b5-1 trading plan, Class A ordinary shares, weighted average price, indirect ownership, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity..."

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.

Class A ordinary shares financial

"security_title": "Class A ordinary shares""

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

weighted average price financial

"Represents the weighted average price of shares sold at prices that ranged from..."

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.

indirect ownership financial

""direct_or_indirect": "I", "nature_of_ownership": "By BVI entity""

open-market sale financial

""transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

FAQ

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

What insider transaction did Sea Ltd (SE) report for Chen Jingye?

Sea Ltd reported that a BVI entity controlled by CPO Chen Jingye sold 1,600 Class A ordinary shares in open-market trades. These sales occurred on April 8–9, 2026 and were made under a pre-arranged Rule 10b5-1 trading plan.

At what prices were the Sea Ltd (SE) shares sold in this Form 4?

The reported sales of Sea Ltd Class A ordinary shares were executed at weighted average prices within ranges from $82.48 to $89.55 per share. Individual line items show specific averages such as $82.98, $84.06, $84.71 and higher levels within those disclosed bands.

How many Sea Ltd (SE) shares did the CPO-linked entity sell in total?

Across several small open-market trades, the BVI entity associated with CPO Chen Jingye sold a total of 1,600 Class A ordinary shares. The Form 4 transaction summary aggregates these multiple entries into a single net-sell figure covering the April 8–9, 2026 trading dates.

How many Sea Ltd (SE) shares does Chen Jingye own after these transactions?

Following the reported sales, the BVI entity controlled by Chen Jingye holds 228,000 Sea Ltd Class A ordinary shares indirectly. In addition, a separate holding entry shows Chen with 9,075,774 shares held directly, indicating a substantial remaining ownership position after the small dispositions.

Was the Sea Ltd (SE) insider sale 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 the reporting person. Such plans pre-schedule trades in advance, making the timing more routine and less discretionary for the insider.

Are the Sea Ltd (SE) insider sales significant relative to Chen Jingye’s holdings?

The reported 1,600-share sale is small compared with Chen Jingye’s total reported holdings. After the transactions, he retains 228,000 shares indirectly via the BVI entity plus 9,075,774 shares directly, indicating the trades represent a minor portion of his overall stake.

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

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Accepted by SEC EDGAR 04/10/2026 - 06:07 AM EDT

SEC Form 4

FORM 4

UNITED 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).

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^*

Chen Jingye

(Last)

(First)

(Middle)

C/O 1 FUSIONOPOLIS PLACE,

#17-10, GALAXIS

(Street)

SINGAPORE

138522

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CPO, Shopee

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

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

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A ordinary shares	04/08/2026		S		427⁽¹⁾	D	$85.94⁽²⁾	229,173	I	By BVI entity
Class A ordinary shares	04/08/2026		S		289⁽¹⁾	D	$87.14⁽³⁾	228,884	I	By BVI entity
Class A ordinary shares	04/08/2026		S		75⁽¹⁾	D	$88.21⁽⁴⁾	228,809	I	By BVI entity
Class A ordinary shares	04/08/2026		S		9⁽¹⁾	D	$89.3⁽⁵⁾	228,800	I	By BVI entity
Class A ordinary shares	04/09/2026		S		195⁽¹⁾	D	$82.98⁽⁶⁾	228,605	I	By BVI entity
Class A ordinary shares	04/09/2026		S		138⁽¹⁾	D	$84.06⁽⁷⁾	228,467	I	By BVI entity
Class A ordinary shares	04/09/2026		S		467⁽¹⁾	D	$84.71⁽⁸⁾	228,000	I	By BVI entity
Class A ordinary shares								9,075,774	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 August 28, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $85.64 to $86.63. 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 $86.64 to $87.63.

4. Represents the weighted average price of shares sold at prices that ranged from $87.73 to $88.52.

5. Represents the weighted average price of shares sold at prices that ranged from $88.99 to $89.55.

6. Represents the weighted average price of shares sold at prices that ranged from $82.48 to $83.46.

7. Represents the weighted average price of shares sold at prices that ranged from $83.51 to $84.47.

8. Represents the weighted average price of shares sold at prices that ranged from $84.48 to $85.30.

	/s/ Mark Tang, attorney-in-fact for Jingye Chen	04/10/2026
	** 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 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)

Source: View Original Filing on SEC EDGAR