What ownership structure was used for the Sea Ltd (SE) share sales?

All reported sales were made in indirect holdings "By BVI entity" associated with Wang Yanjun. Footnote F1 specifies that this BVI entity is controlled by the reporting person, and the sales were executed pursuant to its Rule 10b5-1 trading plan.

Sea Ltd insider sells shares under trading plan

Q: How many Sea Ltd (SE) shares did Wang Yanjun sell and at what prices?

The BVI entity controlled by Wang Yanjun sold 2,700 Class A ordinary shares. Footnotes state these were executed at weighted-average prices within ranges from $100.94 to $111.37 per share across the various sale transactions reported for July 16–17, 2026.

Q: How many separate Sea Ltd (SE) sale transactions were disclosed?

The Form 4 lists 11 non-derivative sale transactions over July 16–17, 2026, all in Class A ordinary shares, plus one direct-holding line showing 1,162,442 shares. The sale transactions together account for an aggregate of 2,700 shares sold.

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Rhea-AI Filing Summary

Sea Ltd’s CCO and GC, Wang Yanjun, reported that a BVI entity he controls sold 2,700 Class A ordinary shares on July 16–17, 2026 at weighted-average prices within $100.94–$111.37 per share under a Rule 10b5-1 trading plan adopted March 26, 2026, leaving 31,300 indirectly held shares and 1,162,442 directly held shares reported as of July 16, 2026.

Insider Trade Summary 10b5-1

Net Seller: 2,700 shares

Net Sell 12 txns

Insider Wang Yanjun

Role CCO and GC

Sold 2,700 shs ($286K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares ^{F1, F8}	223	$101.46	$23K
Sale	Class A ordinary shares ^{F1, F9}	205	$102.47	$21K
Sale	Class A ordinary shares ^{F1, F10}	490	$103.44	$51K
Sale	Class A ordinary shares ^{F1, F11}	210	$104.45	$22K
Sale	Class A ordinary shares ^{F1, F12}	72	$105.11	$8K
Sale	Class A ordinary shares ^{F1, F2}	463	$106.05	$49K
Sale	Class A ordinary shares ^{F1, F3}	211	$107.35	$23K
Sale	Class A ordinary shares ^{F1, F4}	147	$107.96	$16K
Sale	Class A ordinary shares ^{F1, F5}	184	$109.10	$20K
Sale	Class A ordinary shares ^{F1, F6}	153	$110.12	$17K
Sale	Class A ordinary shares ^{F1, F7}	342	$111.00	$38K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 31,300 shares (Indirect, By BVI entity); Class A ordinary shares — 1,162,442 shares (Direct)

Footnotes (12)

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 $105.67 to $106.66. 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 $106.70 to $107.66.
F4. Represents the weighted average price of shares sold at prices that ranged from $107.68 to $108.63.
F5. Represents the weighted average price of shares sold at prices that ranged from $108.69 to $109.65.
F6. Represents the weighted average price of shares sold at prices that ranged from $109.68 to $110.58.
F7. Represents the weighted average price of shares sold at prices that ranged from $110.69 to $111.37.
F8. Represents the weighted average price of shares sold at prices that ranged from $100.94 to $101.93.
F9. Represents the weighted average price of shares sold at prices that ranged from $101.94 to $102.93.
F10. Represents the weighted average price of shares sold at prices that ranged from $102.94 to $103.93.
F11. Represents the weighted average price of shares sold at prices that ranged from $103.94 to $104.89.
F12. Represents the weighted average price of shares sold at prices that ranged from $104.94 to $105.44.

Key Figures

Shares sold: 2,700 Class A ordinary shares Sale price range: $100.94–$111.37 per share Indirect holdings after sales: 31,300 Class A ordinary shares +3 more

6 metrics

Shares sold 2,700 Class A ordinary shares Aggregate shares sold on July 16–17, 2026 by BVI entity under Rule 10b5-1 plan

Sale price range $100.94–$111.37 per share Weighted-average price ranges from footnotes F2–F12 for the reported sale transactions

Indirect holdings after sales 31,300 Class A ordinary shares Indirectly held through BVI entity following July 17, 2026 transactions

Direct holdings 1,162,442 Class A ordinary shares Directly held shares reported in the July 16, 2026 holding entry

Number of sale transactions 11 Non-derivative sale transactions reported over July 16–17, 2026

10b5-1 plan adoption date March 26, 2026 Date BVI entity controlled by the reporting person adopted its Rule 10b5-1 trading plan

Key Terms

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

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

"security_title: Class A ordinary shares in the reported 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.

BVI entity other

"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity..."

FAQ

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

What did the Sea Ltd (SE) executive report in this Form 4?

Sea Ltd’s CCO and GC, Wang Yanjun, reported that a BVI entity he controls sold 2,700 Class A ordinary shares in multiple transactions on July 16–17, 2026 under a Rule 10b5-1 trading plan, while retaining both indirect and direct holdings in Sea Ltd.

How many Sea Ltd (SE) shares did Wang Yanjun sell and at what prices?

The BVI entity controlled by Wang Yanjun sold 2,700 Class A ordinary shares. Footnotes state these were executed at weighted-average prices within ranges from $100.94 to $111.37 per share across the various sale transactions reported for July 16–17, 2026.

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

Yes. Footnote F1 explains the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Wang Yanjun on March 26, 2026, and the filing’s 10b5-1 checkbox is also affirmed as true for these transactions.

How many Sea Ltd (SE) shares does Wang Yanjun hold after these transactions?

After the July 17, 2026 sales, the BVI entity indirectly holds 31,300 Class A ordinary shares. A separate entry shows Wang Yanjun directly holding 1,162,442 Class A ordinary shares as of July 16, 2026, in addition to the indirect position through the BVI entity.

How many separate Sea Ltd (SE) sale transactions were disclosed?

The Form 4 lists 11 non-derivative sale transactions over July 16–17, 2026, all in Class A ordinary shares, plus one direct-holding line showing 1,162,442 shares. The sale transactions together account for an aggregate of 2,700 shares sold.

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 07/20/2026 - 06:03 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^*

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)
07/16/2026

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	07/16/2026		S		463⁽¹⁾	D	$106.05⁽²⁾	33,537	I	By BVI entity
Class A ordinary shares	07/16/2026		S		211⁽¹⁾	D	$107.35⁽³⁾	33,326	I	By BVI entity
Class A ordinary shares	07/16/2026		S		147⁽¹⁾	D	$107.96⁽⁴⁾	33,179	I	By BVI entity
Class A ordinary shares	07/16/2026		S		184⁽¹⁾	D	$109.1⁽⁵⁾	32,995	I	By BVI entity
Class A ordinary shares	07/16/2026		S		153⁽¹⁾	D	$110.12⁽⁶⁾	32,842	I	By BVI entity
Class A ordinary shares	07/16/2026		S		342⁽¹⁾	D	$111⁽⁷⁾	32,500	I	By BVI entity
Class A ordinary shares	07/17/2026		S		223⁽¹⁾	D	$101.46⁽⁸⁾	32,277	I	By BVI entity
Class A ordinary shares	07/17/2026		S		205⁽¹⁾	D	$102.47⁽⁹⁾	32,072	I	By BVI entity
Class A ordinary shares	07/17/2026		S		490⁽¹⁾	D	$103.44⁽¹⁰⁾	31,582	I	By BVI entity
Class A ordinary shares	07/17/2026		S		210⁽¹⁾	D	$104.45⁽¹¹⁾	31,372	I	By BVI entity
Class A ordinary shares	07/17/2026		S		72⁽¹⁾	D	$105.11⁽¹²⁾	31,300	I	By BVI entity
Class A ordinary shares								1,162,442	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 $105.67 to $106.66. 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 $106.70 to $107.66.

4. Represents the weighted average price of shares sold at prices that ranged from $107.68 to $108.63.

5. Represents the weighted average price of shares sold at prices that ranged from $108.69 to $109.65.

6. Represents the weighted average price of shares sold at prices that ranged from $109.68 to $110.58.

7. Represents the weighted average price of shares sold at prices that ranged from $110.69 to $111.37.

8. Represents the weighted average price of shares sold at prices that ranged from $100.94 to $101.93.

9. Represents the weighted average price of shares sold at prices that ranged from $101.94 to $102.93.

10. Represents the weighted average price of shares sold at prices that ranged from $102.94 to $103.93.

11. Represents the weighted average price of shares sold at prices that ranged from $103.94 to $104.89.

12. Represents the weighted average price of shares sold at prices that ranged from $104.94 to $105.44.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	07/20/2026
	** 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