Sea Ltd (SE) CPO logs 1,600-share planned sale under 10b5-1 plan

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

Sea Ltd reported that CPO Shopee, Chen Jingye , sold 1,600 Class A ordinary shares in open-market transactions. These trades occurred on May 8 and May 11, 2026 , at prices generally in the $80s per share through an indirectly owned BVI entity.

Q: At what prices were Chen Jingye’s Sea Ltd (SE) shares sold?

The reported sales were at prices around the low-to-high $80s per share . Footnotes state weighted average prices across ranges, including from $81.95 to $82.94 and up to $87.74 , reflecting multiple individual trades within these price bands.

Q: How many Sea Ltd (SE) shares does Chen Jingye hold after these trades?

After the reported transactions, the filing shows 9,075,774 Class A ordinary shares held directly and an additional 210,400 shares held indirectly through a BVI entity. This indicates a substantial remaining ownership position following the 1,600-share sale.

Q: Were Chen Jingye’s Sea Ltd (SE) share sales under a Rule 10b5-1 plan?

Yes. A footnote explains the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person on August 28, 2025 , indicating the sales were pre-arranged rather than opportunistic .

Q: Were Chen Jingye’s Sea Ltd (SE) sales direct or through another entity?

The reported 1,600-share sale was made indirectly through a BVI entity , as indicated by the ownership code and nature-of-ownership description. The filing separately lists a large direct holding of 9,075,774 Class A ordinary shares.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd chief product officer for Shopee, Chen Jingye, reported open-market sales of a total of 1,600 Class A ordinary shares of Sea over May 8 and May 11, 2026, at prices generally in the low-to-high $80s per share.

The sales were executed by a BVI entity controlled by the reporting person under a pre-arranged Rule 10b5-1 trading plan adopted on August 28, 2025. After these transactions, the filing shows 9,075,774 shares held directly and 210,400 shares held indirectly through the BVI entity.

Insider Trade Summary 10b5-1

Net Seller: 1,600 shares ($136,417)

Net Sell 7 txns

Insider Chen Jingye

Role CPO, Shopee

Sold 1,600 shs ($136K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	171	$82.50	$14K
Sale	Class A ordinary shares	198	$83.54	$17K
Sale	Class A ordinary shares	431	$84.32	$36K
Sale	Class A ordinary shares	155	$85.49	$13K
Sale	Class A ordinary shares	206	$86.59	$18K
Sale	Class A ordinary shares	439	$87.33	$38K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 211,029 shares (Indirect, By BVI entity); Class A ordinary shares — 9,075,774 shares (Direct, null)

Footnotes (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. Represents the weighted average price of shares sold at prices that ranged from $85.06 to $86.05. 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. Represents the weighted average price of shares sold at prices that ranged from $86.07 to $87.05. Represents the weighted average price of shares sold at prices that ranged from $87.06 to $87.74. Represents the weighted average price of shares sold at prices that ranged from $81.95 to $82.94. Represents the weighted average price of shares sold at prices that ranged from $82.95 to $83.93. Represents the weighted average price of shares sold at prices that ranged from $83.95 to $84.81.

Key Figures

Shares sold: 1,600 shares Price example (May 11 sale): $84.32 per share Price example (May 8 sale): $87.33 per share +3 more

6 metrics

Shares sold 1,600 shares Total Class A ordinary shares sold in open market on May 8 and 11, 2026

Price example (May 11 sale) $84.32 per share One transaction price for 431 shares on May 11, 2026

Price example (May 8 sale) $87.33 per share One transaction price for 439 shares on May 8, 2026

Direct holdings after entry 9,075,774 shares Directly held Class A ordinary shares as of May 8, 2026 holding entry

Indirect holdings after sales 210,400 shares Indirectly held Class A ordinary shares via BVI entity after May 11, 2026 transaction

Rule 10b5-1 plan adoption date August 28, 2025 Date BVI entity controlled by reporting person adopted trading plan

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 $85.06 to $86.05"

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"

BVI entity regulatory

"adopted by a BVI entity controlled by the Reporting Person"

Form 4 Insider Transactions: What Each Field Means →

05/12/2026 - 06:03 AM

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)
05/08/2026

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	05/08/2026		S		155⁽¹⁾	D	$85.49⁽²⁾	211,845	I	By BVI entity
Class A ordinary shares	05/08/2026		S		206⁽¹⁾	D	$86.59⁽³⁾	211,639	I	By BVI entity
Class A ordinary shares	05/08/2026		S		439⁽¹⁾	D	$87.33⁽⁴⁾	211,200	I	By BVI entity
Class A ordinary shares	05/11/2026		S		171⁽¹⁾	D	$82.5⁽⁵⁾	211,029	I	By BVI entity
Class A ordinary shares	05/11/2026		S		198⁽¹⁾	D	$83.54⁽⁶⁾	210,831	I	By BVI entity
Class A ordinary shares	05/11/2026		S		431⁽¹⁾	D	$84.32⁽⁷⁾	210,400	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 $85.06 to $86.05. 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 $86.07 to $87.05.

4. Represents the weighted average price of shares sold at prices that ranged from $87.06 to $87.74.

5. Represents the weighted average price of shares sold at prices that ranged from $81.95 to $82.94.

6. Represents the weighted average price of shares sold at prices that ranged from $82.95 to $83.93.

7. Represents the weighted average price of shares sold at prices that ranged from $83.95 to $84.81.

	/s/ Mark Tang, attorney-in-fact for Jingye Chen	05/12/2026
	** 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

FAQ

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

Sea Ltd reported that CPO Shopee, Chen Jingye, sold 1,600 Class A ordinary shares in open-market transactions. These trades occurred on May 8 and May 11, 2026, at prices generally in the $80s per share through an indirectly owned BVI entity.

At what prices were Chen Jingye’s Sea Ltd (SE) shares sold?

The reported sales were at prices around the low-to-high $80s per share. Footnotes state weighted average prices across ranges, including from $81.95 to $82.94 and up to $87.74, reflecting multiple individual trades within these price bands.

How many Sea Ltd (SE) shares does Chen Jingye hold after these trades?

After the reported transactions, the filing shows 9,075,774 Class A ordinary shares held directly and an additional 210,400 shares held indirectly through a BVI entity. This indicates a substantial remaining ownership position following the 1,600-share sale.

Were Chen Jingye’s Sea Ltd (SE) sales direct or through another entity?

The reported 1,600-share sale was made indirectly through a BVI entity, as indicated by the ownership code and nature-of-ownership description. The filing separately lists a large direct holding of 9,075,774 Class A ordinary shares.