Sea Ltd CFO sells 15,000 shares under plan

Sea Ltd’s CFO executed pre-planned open-market sales of 15,000 Class A shares via a BVI entity while retaining over 2.38 million shares held directly.

Available on EDGAR 09/21/2026 - 08:07 AM EDT Accepted by SEC EDGAR 09/21/2026 - 08:06 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Sea Ltd (SE) reports that its chief financial officer, Hou Tianyu, through a British Virgin Islands entity he controls, sold a total of 15,000 Class A ordinary shares on September 17, 2026 in multiple open-market transactions under a Rule 10b5-1 trading plan. The reported direct holding after these transactions is 2,383,015 Class A ordinary shares.

Insider Trade Summary 10b5-1

Net Seller: 15,000 shares

Net Sell 4 txns

Insider Hou Tianyu

Role CFO

Sold 15,000 shs ($1.52M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1, F2	8,010	$101.26	$811K
Sale	Class A ordinary shares F1, F3	6,320	$101.85	$644K
Sale	Class A ordinary shares F1, F4	360	$102.89	$37K
Sale	Class A ordinary shares F1	310	$104.76	$32K
Holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 5,000 shares (Indirect, By BVI entity); Class A ordinary shares — 2,383,015 shares (Direct)

Footnotes (4)

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 19, 2026.
2. F2. Represents the weighted average price of shares sold at prices that ranged from $100.63 to $101.62. 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 $101.63 to $102.60.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $102.63 to $103.16.

Key Figures

Total shares sold: 15,000 shares First tranche sale price: $101.26 per share Second tranche sale price: $101.85 per share +4 more

7 metrics

Total shares sold 15,000 shares Class A ordinary shares sold indirectly on September 17, 2026

First tranche sale price $101.26 per share Weighted average price for 8,010 shares within $100.63–$101.62 range

Second tranche sale price $101.85 per share Weighted average price for 6,320 shares within $101.63–$102.60 range

Third tranche sale price $102.89 per share Weighted average price for 360 shares within $102.63–$103.16 range

Fourth tranche sale price $104.76 per share Price for 310 shares sold on September 17, 2026

Direct holdings after transaction 2,383,015 shares Direct Class A ordinary share position of CFO Hou Tianyu after September 17, 2026

Rule 10b5-1 plan adoption date March 19, 2026 Adoption date of trading plan used for the reported sales

Key Terms

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

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 ranged"

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

"Class A ordinary shares were sold in several open-market transactions"

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 ownership financial

"The reported sales were effected through a BVI entity as indirect ownership"

FAQ

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

What insider trading activity did Sea Ltd (SE) disclose for CFO Hou Tianyu?

Sea Ltd disclosed that CFO Hou Tianyu, through a British Virgin Islands entity he controls, sold 15,000 Class A ordinary shares on September 17, 2026 in several open-market transactions executed under a Rule 10b5-1 trading plan.

At what prices were the Sea Ltd (SE) shares sold by the CFO’s BVI entity?

The 15,000 Class A ordinary shares were sold at weighted average prices of $101.26, $101.85 and $102.89, within ranges from $100.63 to $103.16, and one tranche at $104.76 per share, all on September 17, 2026.

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

Yes. The company reports that the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a British Virgin Islands entity controlled by CFO Hou Tianyu on March 19, 2026, and the plan-status affirmation box is also marked.

How many Sea Ltd (SE) shares does the CFO hold directly after these transactions?

After the reported transactions, CFO Hou Tianyu is shown as directly holding 2,383,015 Class A ordinary shares of Sea Ltd. This figure is separate from the shares held and sold indirectly through the British Virgin Islands entity.

How many Sea Ltd (SE) shares were sold indirectly versus directly by the CFO?

All of the reported sales on September 17, 2026—15,000 Class A ordinary shares—were made indirectly through a British Virgin Islands entity controlled by CFO Hou Tianyu. The filing does not report any direct sales by him on that date.

What is the nature of the entity that sold Sea Ltd (SE) shares for the CFO?

The sales are attributed to a British Virgin Islands entity controlled by CFO Hou Tianyu. The form notes the ownership of the sold shares as indirect, identified as held “By BVI entity,” and clarifies that this entity adopted the Rule 10b5-1 plan.

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

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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).

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^*

Hou Tianyu

(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)
	CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

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	09/17/2026		S		8,010(1)	D	$101.26(2)	11,990	I	By BVI entity
Class A ordinary shares	09/17/2026		S		6,320(1)	D	$101.85(3)	5,670	I	By BVI entity
Class A ordinary shares	09/17/2026		S		360(1)	D	$102.89(4)	5,310	I	By BVI entity
Class A ordinary shares	09/17/2026		S		310(1)	D	$104.76	5,000	I	By BVI entity
Class A ordinary shares								2,383,015	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 19, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $100.63 to $101.62. 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 $101.63 to $102.60.

4. Represents the weighted average price of shares sold at prices that ranged from $102.63 to $103.16.

	/s/ Emily Tan, attorney-in-fact for Tianyu Hou	09/21/2026
	** 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)