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

Yes. The footnotes state the shares were sold under a Rule 10b5-1 trading plan adopted on August 28, 2025 by a BVI entity controlled by Chen Jingye. Such plans typically pre-schedule trades over time.

Sea Ltd (NYSE: SE) CPO Chen Jingye trims position with 1,600-share sale

Q: Are the Sea Ltd (SE) shares in this Form 4 held directly or indirectly by Chen Jingye?

The 1,600 shares sold were held indirectly through a BVI entity controlled by Chen Jingye. The filing separately reports a substantial direct ownership position of 9,075,774 Class A ordinary shares in his own name.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd reported that a BVI entity controlled by CPO Shopee Chen Jingye sold 1,600 Class A ordinary shares of Sea in open-market transactions on May 26–27, 2026, at prices generally in the high‑$80s to mid‑$90s per share.

The sales were made under a Rule 10b5-1 trading plan adopted on August 28, 2025, indicating they were pre‑scheduled. Following these transactions, Chen also has a separate direct holding of 9,075,774 Class A ordinary shares as of May 26, 2026, making the 1,600‑share sale small relative to his overall position.

Insider Trade Summary 10b5-1

Net Seller: 1,600 shares ($145,390)

Net Sell 10 txns

Insider Chen Jingye

Role CPO, Shopee

Sold 1,600 shs ($145K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	118	$89.40	$11K
Sale	Class A ordinary shares	70	$90.18	$6K
Sale	Class A ordinary shares	62	$91.49	$6K
Sale	Class A ordinary shares	127	$92.27	$12K
Sale	Class A ordinary shares	293	$93.32	$27K
Sale	Class A ordinary shares	130	$94.10	$12K
Sale	Class A ordinary shares	63	$88.09	$6K
Sale	Class A ordinary shares	366	$89.12	$33K
Sale	Class A ordinary shares	371	$90.01	$33K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 202,282 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 $87.60 to $88.55. 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 $88.63 to $89.59. Represents the weighted average price of shares sold at prices that ranged from $89.60 to $90.50. Represents the weighted average price of shares sold at prices that ranged from $88.86 to $89.81. Represents the weighted average price of shares sold at prices that ranged from $89.90 to $90.78. Represents the weighted average price of shares sold at prices that ranged from $90.87 to $91.83. Represents the weighted average price of shares sold at prices that ranged from $91.87 to $92.83. Represents the weighted average price of shares sold at prices that ranged from $92.90 to $93.83. Represents the weighted average price of shares sold at prices that ranged from $93.86 to $94.28.

Key Figures

Shares sold: 1,600 shares Low sale price range: $87.60/share High sale price range: $94.28/share +3 more

6 metrics

Shares sold 1,600 shares Total Class A ordinary shares sold in open-market transactions

Low sale price range $87.60/share Lowest weighted average price range noted in footnotes

High sale price range $94.28/share Highest weighted average price range noted in footnotes

Direct holdings 9,075,774 shares Directly held Class A ordinary shares as of May 26, 2026

Sell transactions count 9 transactions Number of reported open-market sale entries

Trading plan adoption date August 28, 2025 Adoption date of Rule 10b5-1 plan used for these sales

Key Terms

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

4 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 $87.60 to $88.55"

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.

BVI entity financial

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

Form 4 Insider Transactions: What Each Field Means →

05/28/2026 - 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)
05/26/2026

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	05/26/2026		S		63⁽¹⁾	D	$88.09⁽²⁾	203,137	I	By BVI entity
Class A ordinary shares	05/26/2026		S		366⁽¹⁾	D	$89.12⁽³⁾	202,771	I	By BVI entity
Class A ordinary shares	05/26/2026		S		371⁽¹⁾	D	$90.01⁽⁴⁾	202,400	I	By BVI entity
Class A ordinary shares	05/27/2026		S		118⁽¹⁾	D	$89.4⁽⁵⁾	202,282	I	By BVI entity
Class A ordinary shares	05/27/2026		S		70⁽¹⁾	D	$90.18⁽⁶⁾	202,212	I	By BVI entity
Class A ordinary shares	05/27/2026		S		62⁽¹⁾	D	$91.49⁽⁷⁾	202,150	I	By BVI entity
Class A ordinary shares	05/27/2026		S		127⁽¹⁾	D	$92.27⁽⁸⁾	202,023	I	By BVI entity
Class A ordinary shares	05/27/2026		S		293⁽¹⁾	D	$93.32⁽⁹⁾	201,730	I	By BVI entity
Class A ordinary shares	05/27/2026		S		130⁽¹⁾	D	$94.1⁽¹⁰⁾	201,600	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 $87.60 to $88.55. 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 $88.63 to $89.59.

4. Represents the weighted average price of shares sold at prices that ranged from $89.60 to $90.50.

5. Represents the weighted average price of shares sold at prices that ranged from $88.86 to $89.81.

6. Represents the weighted average price of shares sold at prices that ranged from $89.90 to $90.78.

7. Represents the weighted average price of shares sold at prices that ranged from $90.87 to $91.83.

8. Represents the weighted average price of shares sold at prices that ranged from $91.87 to $92.83.

9. Represents the weighted average price of shares sold at prices that ranged from $92.90 to $93.83.

10. Represents the weighted average price of shares sold at prices that ranged from $93.86 to $94.28.

	/s/ Mark Tang, attorney-in-fact for Jingye Chen	05/28/2026
	** 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

How many Sea Ltd (SE) shares were sold in Chen Jingye's latest Form 4?

The filing shows that a BVI entity controlled by CPO Shopee Chen Jingye sold 1,600 Class A ordinary shares of Sea Ltd. These were executed in multiple small open-market trades over two days, according to the transaction summary.

At what prices did the BVI entity linked to Sea (SE) CPO sell shares?

The reported sales occurred at weighted average prices with ranges from $87.60 to $94.28 per share. Each transaction line reflects a specific weighted average within narrower price bands disclosed in the footnotes.

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

A separate holding entry shows Chen Jingye directly holding 9,075,774 Class A ordinary shares as of May 26, 2026. This large direct position provides context for evaluating the relatively small 1,600‑share indirect sale.

Are the Sea Ltd (SE) shares in this Form 4 held directly or indirectly by Chen Jingye?

The 1,600 shares sold were held indirectly through a BVI entity controlled by Chen Jingye. The filing separately reports a substantial direct ownership position of 9,075,774 Class A ordinary shares in his own name.