Were Wang Yanjun’s Sea Ltd (SE) share sales under a Rule 10b5-1 plan?

Yes. The filing states 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 plan-status checkbox is marked true.

Sea CCO Wang Yanjun sells 3,000 shares at $117–123

Q: What insider transaction did Sea Ltd (SE) report for Wang Yanjun?

Sea Ltd reported that CCO and GC Wang Yanjun filed a Form 4 for open-market sales of 3,000 Class A ordinary shares on August 25–26, 2026, executed indirectly through a BVI entity he controls.

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

Wang Yanjun reported selling 3,000 Class A ordinary shares of Sea Ltd in ten transactions on August 25 and 26, 2026, all categorized as open-market or private sales.

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

The reported weighted-average prices per transaction ranged from about $117 to about $123 per share, with specific ranges such as $117.00 to $117.995 and $123.00 to $123.30 disclosed in the footnotes.

Q: Did Wang Yanjun sell Sea Ltd (SE) shares directly or through another entity?

All reported sales were indirect, made by a BVI entity controlled by Wang Yanjun. The Form 4 labels ownership for these transactions as indirect, “By BVI entity.”

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

After the reported sales, Wang Yanjun reports direct ownership of 1,132,842 Class A ordinary shares of Sea Ltd as of August 25, 2026. The filing does not state the remaining indirectly held amount.

Sea Ltd (SE) reported that officer Wang Yanjun, its CCO and GC, filed a Form 4 disclosing open-market sales of a total of 3,000 Class A ordinary shares on August 25–26, 2026.

Filing Impact

(Moderate)

Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Sea Ltd (SE) reported that officer Wang Yanjun, its CCO and GC, filed a Form 4 disclosing open-market sales of a total of 3,000 Class A ordinary shares on August 25–26, 2026. The sales were made indirectly through a BVI entity controlled by him under a Rule 10b5-1 trading plan adopted on March 26, 2026. The reported weighted-average sale prices span the high-$110s to low-$120s per share. Following these transactions, Wang reports direct ownership of 1,132,842 Class A ordinary shares of Sea Ltd.

Insider Trade Summary 10b5-1

Net Seller: 3,000 shares

Net Sell 11 txns

Insider Wang Yanjun

Role CCO and GC

Sold 3,000 shs ($360K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares ^{F1, F9}	795	$119.23	$95K
Sale	Class A ordinary shares ^{F1, F10}	407	$120.06	$49K
Sale	Class A ordinary shares ^{F1, F11}	298	$121.02	$36K
Sale	Class A ordinary shares ^{F1, F2}	287	$117.67	$34K
Sale	Class A ordinary shares ^{F1, F3}	389	$118.37	$46K
Sale	Class A ordinary shares ^{F1, F4}	194	$119.46	$23K
Sale	Class A ordinary shares ^{F1, F5}	118	$120.49	$14K
Sale	Class A ordinary shares ^{F1, F6}	197	$121.60	$24K
Sale	Class A ordinary shares ^{F1, F7}	178	$122.69	$22K
Sale	Class A ordinary shares ^{F1, F8}	137	$123.17	$17K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 21,600 shares (Indirect, By BVI entity); Class A ordinary shares — 1,132,842 shares (Direct)

Footnotes (11)

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 $117.00 to $117.995. 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 $118.00 to $118.89.
F4. Represents the weighted average price of shares sold at prices that ranged from $119.01 to $119.98.
F5. Represents the weighted average price of shares sold at prices that ranged from $120.01 to $120.96.
F6. Represents the weighted average price of shares sold at prices that ranged from $121.00 to $121.96.
F7. Represents the weighted average price of shares sold at prices that ranged from $122.15 to $122.997.
F8. Represents the weighted average price of shares sold at prices that ranged from $123.00 to $123.30.
F9. Represents the weighted average price of shares sold at prices that ranged from $118.61 to $119.60.
F10. Represents the weighted average price of shares sold at prices that ranged from $119.61 to $120.60.
F11. Represents the weighted average price of shares sold at prices that ranged from $120.61 to $121.37.

Key Figures

Total shares sold: 3,000 shares Representative sale price range: $117.00 to $117.995 Highest reported price range: $123.00 to $123.30 +3 more

6 metrics

Total shares sold 3,000 shares Aggregate of ten open-market sales on August 25–26, 2026

Representative sale price range $117.00 to $117.995 Weighted-average price range for one August 25, 2026 sale tranche

Highest reported price range $123.00 to $123.30 Weighted-average price range for one August 25, 2026 sale tranche

Direct holdings after transactions 1,132,842 shares Directly owned Class A ordinary shares as of August 25, 2026

Rule 10b5-1 plan adoption date March 26, 2026 Adoption date of trading plan used for the reported sales

Number of sale transactions 10 transactions Count of non-derivative sale entries reported in this Form 4

Key Terms

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

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"

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""

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.

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"

FAQ

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

What insider transaction did Sea Ltd (SE) report for Wang Yanjun?

Sea Ltd reported that CCO and GC Wang Yanjun filed a Form 4 for open-market sales of 3,000 Class A ordinary shares on August 25–26, 2026, executed indirectly through a BVI entity he controls.

How many Sea Ltd (SE) shares did Wang Yanjun sell and over what dates?

Wang Yanjun reported selling 3,000 Class A ordinary shares of Sea Ltd in ten transactions on August 25 and 26, 2026, all categorized as open-market or private sales.

At what prices were Wang Yanjun’s Sea Ltd (SE) shares sold?

The reported weighted-average prices per transaction ranged from about $117 to about $123 per share, with specific ranges such as $117.00 to $117.995 and $123.00 to $123.30 disclosed in the footnotes.

Did Wang Yanjun sell Sea Ltd (SE) shares directly or through another entity?

All reported sales were indirect, made by a BVI entity controlled by Wang Yanjun. The Form 4 labels ownership for these transactions as indirect, “By BVI entity.”

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

After the reported sales, Wang Yanjun reports direct ownership of 1,132,842 Class A ordinary shares of Sea Ltd as of August 25, 2026. The filing does not state the remaining indirectly held amount.

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

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Available on EDGAR 08/27/2026 - 06:07 AM EDT Accepted by SEC EDGAR 08/27/2026 - 06:04 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)
08/25/2026

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	08/25/2026		S		287⁽¹⁾	D	$117.67⁽²⁾	24,313	I	By BVI entity
Class A ordinary shares	08/25/2026		S		389⁽¹⁾	D	$118.37⁽³⁾	23,924	I	By BVI entity
Class A ordinary shares	08/25/2026		S		194⁽¹⁾	D	$119.46⁽⁴⁾	23,730	I	By BVI entity
Class A ordinary shares	08/25/2026		S		118⁽¹⁾	D	$120.49⁽⁵⁾	23,612	I	By BVI entity
Class A ordinary shares	08/25/2026		S		197⁽¹⁾	D	$121.6⁽⁶⁾	23,415	I	By BVI entity
Class A ordinary shares	08/25/2026		S		178⁽¹⁾	D	$122.69⁽⁷⁾	23,237	I	By BVI entity
Class A ordinary shares	08/25/2026		S		137⁽¹⁾	D	$123.17⁽⁸⁾	23,100	I	By BVI entity
Class A ordinary shares	08/26/2026		S		795⁽¹⁾	D	$119.23⁽⁹⁾	22,305	I	By BVI entity
Class A ordinary shares	08/26/2026		S		407⁽¹⁾	D	$120.06⁽¹⁰⁾	21,898	I	By BVI entity
Class A ordinary shares	08/26/2026		S		298⁽¹⁾	D	$121.02⁽¹¹⁾	21,600	I	By BVI entity
Class A ordinary shares								1,132,842	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 $117.00 to $117.995. 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 $118.00 to $118.89.

4. Represents the weighted average price of shares sold at prices that ranged from $119.01 to $119.98.

5. Represents the weighted average price of shares sold at prices that ranged from $120.01 to $120.96.

6. Represents the weighted average price of shares sold at prices that ranged from $121.00 to $121.96.

7. Represents the weighted average price of shares sold at prices that ranged from $122.15 to $122.997.

8. Represents the weighted average price of shares sold at prices that ranged from $123.00 to $123.30.

9. Represents the weighted average price of shares sold at prices that ranged from $118.61 to $119.60.

10. Represents the weighted average price of shares sold at prices that ranged from $119.61 to $120.60.

11. Represents the weighted average price of shares sold at prices that ranged from $120.61 to $121.37.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	08/27/2026
	** 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