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

Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted on September 4, 2025 by a BVI entity controlled by Ye Gang. Such plans are pre-arranged, which can indicate routine portfolio management rather than opportunistic timing.

Sea COO sells 20K shares in planned trades

Sea Ltd director and COO Ye Gang reported small planned share sales.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Sea Ltd director and COO Ye Gang reported small planned share sales. A BVI entity controlled by him sold 10,000 Class A ordinary shares on March 20, 2026 at a weighted average of $80.79 per share and another 10,000 shares on March 23, 2026 at $80.06 per share, both as open-market transactions.

The sales, totaling 20,000 shares, were executed under a Rule 10b5-1 trading plan adopted by the BVI entity on September 4, 2025, indicating they were pre-arranged. After these indirect sales, the BVI entity held 450,000 shares, while a separate direct holding entry shows 22,394,539 Class A shares held directly by Ye Gang as of March 20.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares

Net Sell 3 txns

Insider Ye Gang

Role COO

Sold 20,000 shs ($1.61M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	10,000	$80.06	$801K
Sale	Class A ordinary shares	10,000	$80.79	$808K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 450,000 shares (Indirect, By BVI entity); Class A ordinary shares — 22,394,539 shares (Direct)

Footnotes (3)

F1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on September 4, 2025.
F2. Represents the weighted average price of shares sold at prices that ranged from $80.51 to $81.45. 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 $80.00 to $80.19.

FAQ

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

What insider transactions did Sea (SE) COO Ye Gang report on this Form 4?

Ye Gang reported two open-market sales totaling 20,000 Class A ordinary shares in Sea Ltd. A BVI entity he controls sold 10,000 shares on March 20, 2026 and 10,000 shares on March 23, 2026 at prices around $80 per share.

At what prices did Sea (SE) shares sell in Ye Gang’s March 2026 insider trades?

The reported sales were executed at weighted average prices of $80.79 and $80.06 per Sea Ltd Class A share. Footnotes note price ranges from $80.51 to $81.45 and from $80.00 to $80.19, with full breakdowns available upon request.

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

After the March 23, 2026 transaction, the BVI entity associated with Ye Gang held 450,000 Sea Ltd Class A ordinary shares indirectly. This reflects the position following the 20,000 shares sold in the two open-market transactions reported in the Form 4.

What is Ye Gang’s direct holding of Sea (SE) Class A shares in this filing?

A holding entry in the filing shows Ye Gang directly holding 22,394,539 Class A ordinary shares of Sea Ltd as of March 20, 2026. This direct position is separate from the 450,000 shares held indirectly through the BVI entity that executed the reported sales.

Does the Form 4 for Sea (SE) include any derivative security exercises by Ye Gang?

No derivative transactions are reported in this Form 4. The derivative section is empty, and the transaction summary lists zero derivative exercises, indicating only non-derivative Class A ordinary share sales and a direct holding entry are disclosed.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/24/2026 - 06:01 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^*

Ye Gang

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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	03/20/2026		S		10,000⁽¹⁾	D	$80.79⁽²⁾	460,000	I	By BVI entity
Class A ordinary shares	03/23/2026		S		10,000⁽¹⁾	D	$80.06⁽³⁾	450,000	I	By BVI entity
Class A ordinary shares								22,394,539	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 September 4, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $80.51 to $81.45. 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 $80.00 to $80.19.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	03/24/2026
	** 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