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  4. [Form 4] Sea Ltd Insider Trading Activity

Sea Ltd (NYSE: SE) COO’s BVI entity sells 20,000 shares

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Sea Ltd COO Ye Gang reported a series of preplanned insider sales of Class A ordinary shares linked to a BVI entity he controls. The filing shows net sales of 20,000 shares in open-market trades on May 29 and June 1, 2026 at weighted average prices between about $88.89 and $97.61 under a Rule 10b5-1 trading plan. Following these transactions, he reports 22,206,405 shares held directly and 199,700 shares held indirectly through the BVI entity.

Positive

  • None.

Negative

  • None.
Insider Ye Gang
Role COO
Sold 20,000 shs ($1.87M)
Type Security Shares Price Value
Sale Class A ordinary shares 300 $92.52 $28K
Sale Class A ordinary shares 250 $93.99 $23K
Sale Class A ordinary shares 1,450 $95.11 $138K
Sale Class A ordinary shares 2,392 $95.92 $229K
Sale Class A ordinary shares 5,208 $96.77 $504K
Sale Class A ordinary shares 400 $97.54 $39K
Sale Class A ordinary shares 600 $89.46 $54K
Sale Class A ordinary shares 4,700 $90.46 $425K
Sale Class A ordinary shares 4,700 $91.27 $429K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 199,700 shares (Indirect, By BVI entity); Class A ordinary shares — 22,206,405 shares (Direct, null)
Footnotes (1)
  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. Represents the weighted average price of shares sold at prices that ranged from $88.89 to $89.84. 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 $89.89 to $90.88. Represents the weighted average price of shares sold at prices that ranged from $90.91 to $91.87. Represents the weighted average price of shares sold at prices that ranged from $92.41 to $92.75. Represents the weighted average price of shares sold at prices that ranged from $93.71 to $94.23. Represents the weighted average price of shares sold at prices that ranged from $94.54 to $95.40. Represents the weighted average price of shares sold at prices that ranged from $95.42 to $96.35. Represents the weighted average price of shares sold at prices that ranged from $96.47 to $97.32. Represents the weighted average price of shares sold at prices that ranged from $97.48 to $97.61.
Shares sold 20,000 shares Net open-market sales reported in this Form 4
Sale price range $88.89–$97.61 per share Weighted average price ranges for reported trades
Direct holdings after 22,206,405 shares Class A ordinary shares held directly after transactions
Indirect holdings after 199,700 shares Class A ordinary shares held indirectly via BVI entity
Number of sale transactions 9 transactions Non-derivative open-market sale entries in filing
Largest single sale block 5,208 shares Single open-market sale on June 1, 2026 at $96.77
Rule 10b5-1 trading plan regulatory
"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person"
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 is listed as Class A ordinary shares in each transaction"
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 $88.89 to $89.84"
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.
open-market sale financial
"Transaction action is described as open-market sale for each S-coded entry"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
BVI entity financial
"A BVI entity controlled by the Reporting Person is identified as holding the indirect shares"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Ye Gang
(Last)(First)(Middle)
C/O 1 FUSIONOPOLIS PLACE,
#17-10, GALAXIS
(Street)
SINGAPORESINGAPORE138522
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A ordinary shares05/29/2026S600(1)D$89.46(2)209,400IBy BVI entity
Class A ordinary shares05/29/2026S4,700(1)D$90.46(3)204,700IBy BVI entity
Class A ordinary shares05/29/2026S4,700(1)D$91.27(4)200,000IBy BVI entity
Class A ordinary shares06/01/2026S300(1)D$92.52(5)199,700IBy BVI entity
Class A ordinary shares06/01/2026S250(1)D$93.99(6)199,450IBy BVI entity
Class A ordinary shares06/01/2026S1,450(1)D$95.11(7)198,000IBy BVI entity
Class A ordinary shares06/01/2026S2,392(1)D$95.92(8)195,608IBy BVI entity
Class A ordinary shares06/01/2026S5,208(1)D$96.77(9)190,400IBy BVI entity
Class A ordinary shares06/01/2026S400(1)D$97.54(10)190,000IBy BVI entity
Class A ordinary shares22,206,405D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 September 4, 2025.
2. Represents the weighted average price of shares sold at prices that ranged from $88.89 to $89.84. 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 $89.89 to $90.88.
4. Represents the weighted average price of shares sold at prices that ranged from $90.91 to $91.87.
5. Represents the weighted average price of shares sold at prices that ranged from $92.41 to $92.75.
6. Represents the weighted average price of shares sold at prices that ranged from $93.71 to $94.23.
7. Represents the weighted average price of shares sold at prices that ranged from $94.54 to $95.40.
8. Represents the weighted average price of shares sold at prices that ranged from $95.42 to $96.35.
9. Represents the weighted average price of shares sold at prices that ranged from $96.47 to $97.32.
10. Represents the weighted average price of shares sold at prices that ranged from $97.48 to $97.61.
/s/ Mark Tang, attorney-in-fact for Gang Ye06/02/2026
** Signature of Reporting PersonDate
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 did Sea Ltd (SE) COO Ye Gang report in this Form 4?

Ye Gang reported preplanned insider sales totaling 20,000 Class A ordinary shares of Sea Ltd. The trades were executed in multiple open-market transactions and disclosed as part of his ongoing beneficial ownership reporting obligations as a director and COO.

How many Sea Ltd shares did the BVI entity sell and at what prices?

An affiliated BVI entity sold 20,000 Class A ordinary shares of Sea Ltd in several trades. Weighted average prices ranged from about $88.89 to $97.61, reflecting different execution levels across the disclosed open-market transactions.

Were Ye Gang’s Sea Ltd share sales made under a Rule 10b5-1 plan?

Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Ye Gang. Such plans pre-schedule trades, reducing the significance of trade timing as an information signal for investors.

How many Sea Ltd shares does Ye Gang hold after these transactions?

After the reported sales, Ye Gang reports holding 22,206,405 Class A ordinary shares directly and 199,700 shares indirectly through the BVI entity. These figures reflect his reported beneficial ownership immediately following the Form 4 transactions.

What type of transactions did Sea Ltd COO Ye Gang disclose?

The Form 4 discloses open-market sales of Sea Ltd Class A ordinary shares, coded as “S” transactions. All reported trades involve non-derivative stock, with no option exercises, gifts, or tax-withholding entries included in this filing.

Does this Sea Ltd Form 4 show any derivative positions for Ye Gang?

No. The derivative section in this Form 4 is empty, and the derivativeSummary shows no remaining derivative securities. The reported activity and holdings relate only to non-derivative Class A ordinary shares of Sea Ltd.