Sea president Feng sells 4,116 shares at $120

Sea Ltd (SE) reported that President Feng Zhimin, through a BVI entity he controls, sold 4,116 Class A ordinary shares on 2026-08-28 in open-market or private transactions under a Rule 10b5-1 trading plan.

Rhea-AI Filing Summary

Sea Ltd (SE) reported that President Feng Zhimin, through a BVI entity he controls, sold 4,116 Class A ordinary shares on 2026-08-28 in open-market or private transactions under a Rule 10b5-1 trading plan. The weighted-average sale price was about $120.45 per share, with prices ranging from $120.00 to $120.75. After this sale, the BVI entity held 208,291 shares indirectly, and Feng Zhimin also held 1,003,969 shares directly.

Insider Trade Summary 10b5-1

Net Seller: 4,116 shares

Net Sell 2 txns

Insider Feng Zhimin

Role President

Sold 4,116 shs ($496K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1, F2	4,116	$120.45	$496K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 208,291 shares (Indirect, By BVI entity); Class A ordinary shares — 1,003,969 shares (Direct)

Footnotes (2)

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 March 26, 2026.
2. F2. Represents the weighted average price of shares sold at prices that ranged from $120.00 to $120.75. 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.

Key Figures

Shares sold: 4,116 Class A ordinary shares Weighted average sale price: $120.45 per share Price range for sales: $120.00–$120.75 per share +3 more

6 metrics

Shares sold 4,116 Class A ordinary shares Sale on 2026-08-28 by BVI entity controlled by President Feng Zhimin

Weighted average sale price $120.45 per share Shares sold at prices ranging from $120.00 to $120.75

Price range for sales $120.00–$120.75 per share Range of prices for the 4,116 shares sold

Indirect holdings after transaction 208,291 Class A ordinary shares Held by BVI entity controlled by President Feng Zhimin after sale

Direct holdings after transaction 1,003,969 Class A ordinary shares Direct ownership of President Feng Zhimin following reported transactions

Rule 10b5-1 plan adoption date March 26, 2026 Plan adopted by BVI entity controlled by the reporting person

Key Terms

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

4 terms

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 that"

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.

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.

indirect financial

"ownership_type: indirect; nature_of_ownership: By BVI entity"

FAQ

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

What insider transaction did Sea Ltd (SE) disclose for President Feng Zhimin?

Sea Ltd disclosed that President Feng Zhimin, via a controlled BVI entity, sold 4,116 Class A ordinary shares on 2026-08-28 in open-market or private transactions under a Rule 10b5-1 trading plan.

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

The filing reports a weighted average price of $120.45 per share for the 4,116 shares sold, with individual sale prices ranging from $120.00 to $120.75 per share.

How many Sea Ltd (SE) shares does the BVI entity hold after the reported sale?

After the reported sale, the BVI entity controlled by President Feng Zhimin held 208,291 Class A ordinary shares of Sea Ltd indirectly.

How many Sea Ltd (SE) shares does Feng Zhimin hold directly after this filing?

Following the reported transactions, President Feng Zhimin held 1,003,969 Class A ordinary shares of Sea Ltd in direct ownership, in addition to the 208,291 shares held indirectly through a BVI entity.

Was the Sea Ltd (SE) insider sale made under a Rule 10b5-1 plan?

Yes. The sale of 4,116 shares was made under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by President Feng Zhimin on March 26, 2026, and the Form 4’s Rule 10b5-1 checkbox is marked as affirmed.

What type of security was involved in the Sea Ltd (SE) insider transaction?

The transaction involved Class A ordinary shares of Sea Ltd. The sale covered 4,116 shares at a weighted average price of $120.45 per share under a Rule 10b5-1 trading plan.

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

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Available on EDGAR 08/31/2026 - 06:56 AM EDT Accepted by SEC EDGAR 08/31/2026 - 06:15 AM EDT Learn about SEC filing dates

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).

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^*

Feng Zhimin

(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)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A ordinary shares	08/28/2026		S		4,116(1)	D	$120.45(2)	208,291	I	By BVI entity
Class A ordinary shares								1,003,969	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 March 26, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $120.00 to $120.75. 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.

	/s/ Emily Tan, attorney-in-fact for Zhimin Feng	08/31/2026
	** 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)