Sea Ltd: Wang-controlled entity sells 2,400 shares

Q: What were the SE sale-price ranges on September 23?

The 186-share transaction's weighted-average price was $101.95, with sales ranging from $101.34 to $102.32. The 816-share transaction averaged $102.77, with sales from $102.36 to $103.33; the 198-share transaction averaged $103.46, with sales from $103.34 to $103.69.

The BVI entity made the sales under a Rule 10b5-1 trading plan adopted on March 26, 2026.

Available on EDGAR 09/25/2026 - 06:13 AM EDT Accepted by SEC EDGAR 09/25/2026 - 06:12 AM EDT

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Form Type

Rhea-AI Filing Summary

Sea Ltd (SE) CCO and GC Wang Yanjun reported that a BVI entity he controls sold 2,400 Class A ordinary shares across six transactions on September 23 and 24, 2026. The entity sold under a Rule 10b5-1 trading plan adopted by the entity on March 26, 2026. Reported weighted-average prices per share were $101.95, $102.77 and $103.46 on September 23, and $100.86, $101.75 and $102.31 on September 24. A separate entry lists direct holdings of 1,033,642 Class A ordinary shares, dated September 23, 2026.

Insider Trade Summary 10b5-1

Net Seller: 2,400 shares

Net Sell 6 txns

Insider Wang Yanjun

Role CCO and GC

Sold 2,400 shs ($245K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares ^{F1, F5}	584	$100.86	$59K
Sale	Class A ordinary shares ^{F1, F6}	574	$101.75	$58K
Sale	Class A ordinary shares ^{F1, F7}	42	$102.31	$4K
Sale	Class A ordinary shares ^{F1, F2}	186	$101.95	$19K
Sale	Class A ordinary shares ^{F1, F3}	816	$102.77	$84K
Sale	Class A ordinary shares ^{F1, F4}	198	$103.46	$20K
Holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 93,980 shares (Indirect, By BVI entity); Class A ordinary shares — 1,033,642 shares (Direct)

Footnotes (7)

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.
F2. Represents the weighted average price of shares sold at prices that ranged from $101.34 to $102.32. 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 $102.36 to $103.33.
F4. Represents the weighted average price of shares sold at prices that ranged from $103.34 to $103.69.
F5. Represents the weighted average price of shares sold at prices that ranged from $100.19 to $101.18.
F6. Represents the weighted average price of shares sold at prices that ranged from $101.19 to $102.17.
F7. Represents the weighted average price of shares sold at prices that ranged from $102.19 to $102.64.

Key Figures

Total shares sold: 2,400 Class A ordinary shares Shares sold and weighted-average price: 186 shares at $101.95 per share Shares sold and weighted-average price: 816 shares at $102.77 per share +5 more

8 metrics

Total shares sold 2,400 Class A ordinary shares Six transactions on September 23 and 24, 2026

Shares sold and weighted-average price 186 shares at $101.95 per share September 23, 2026; sale prices ranged from $101.34 to $102.32

Shares sold and weighted-average price 816 shares at $102.77 per share September 23, 2026; sale prices ranged from $102.36 to $103.33

Shares sold and weighted-average price 198 shares at $103.46 per share September 23, 2026; sale prices ranged from $103.34 to $103.69

Shares sold and weighted-average price 584 shares at $100.86 per share September 24, 2026; sale prices ranged from $100.19 to $101.18

Shares sold and weighted-average price 574 shares at $101.75 per share September 24, 2026; sale prices ranged from $101.19 to $102.17

Shares sold and weighted-average price 42 shares at $102.31 per share September 24, 2026; sale prices ranged from $102.19 to $102.64

Direct Class A ordinary shares 1,033,642 shares Separate direct-holding entry dated September 23, 2026

Key Terms

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

3 terms

Rule 10b5-1 trading plan regulatory

"sold pursuant to a Rule 10b5-1 trading plan"

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"

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 technical

"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.

FAQ

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

How many SE shares did Wang Yanjun's controlled entity sell?

A BVI entity controlled by Sea Ltd CCO and GC Wang Yanjun sold 2,400 Class A ordinary shares across six transactions on September 23 and 24, 2026. The reported weighted-average prices per share were $101.95, $102.77 and $103.46 on September 23, and $100.86, $101.75 and $102.31 on September 24.

What were the SE sale-price ranges on September 23?

The 186-share transaction's weighted-average price was $101.95, with sales ranging from $101.34 to $102.32. The 816-share transaction averaged $102.77, with sales from $102.36 to $103.33; the 198-share transaction averaged $103.46, with sales from $103.34 to $103.69.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Wang Yanjun

(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)
	CCO and GC

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2026

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	09/23/2026		S		186⁽¹⁾	D	$101.95⁽²⁾	96,194	I	By BVI entity
Class A ordinary shares	09/23/2026		S		816⁽¹⁾	D	$102.77⁽³⁾	95,378	I	By BVI entity
Class A ordinary shares	09/23/2026		S		198⁽¹⁾	D	$103.46⁽⁴⁾	95,180	I	By BVI entity
Class A ordinary shares	09/24/2026		S		584⁽¹⁾	D	$100.86⁽⁵⁾	94,596	I	By BVI entity
Class A ordinary shares	09/24/2026		S		574⁽¹⁾	D	$101.75⁽⁶⁾	94,022	I	By BVI entity
Class A ordinary shares	09/24/2026		S		42⁽¹⁾	D	$102.31⁽⁷⁾	93,980	I	By BVI entity
Class A ordinary shares								1,033,642	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 March 26, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $101.34 to $102.32. 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 $102.36 to $103.33.

4. Represents the weighted average price of shares sold at prices that ranged from $103.34 to $103.69.

5. Represents the weighted average price of shares sold at prices that ranged from $100.19 to $101.18.

6. Represents the weighted average price of shares sold at prices that ranged from $101.19 to $102.17.

7. Represents the weighted average price of shares sold at prices that ranged from $102.19 to $102.64.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	09/25/2026
	** 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