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

Yes. Footnotes state the shares were sold under a Rule 10b5-1 trading plan adopted on September 4, 2025 by a BVI entity controlled by Ye Gang. Such pre-arranged plans automate trading regardless of short-term market conditions.

Sea (NYSE: SE) COO Ye Gang logs 20,000-share Rule 10b5-1 sale

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd COO Ye Gang reported open-market sales of a total of 20,000 Class A ordinary shares on June 2–3, 2026 through a BVI entity he controls. Sale prices ranged from about $88.69 to $95.07 per share under a pre-arranged Rule 10b5-1 trading plan. After these trades, he continues to hold 22,206,405 Class A shares directly and 175,398 shares indirectly through the BVI entity.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares ($1,841,436)

Net Sell 9 txns

Insider Ye Gang

Role COO

Sold 20,000 shs ($1.84M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	4,602	$88.69	$408K
Sale	Class A ordinary shares	400	$89.65	$36K
Sale	Class A ordinary shares	700	$90.97	$64K
Sale	Class A ordinary shares	1,600	$91.86	$147K
Sale	Class A ordinary shares	2,698	$92.68	$250K
Sale	Class A ordinary shares	4,865	$93.11	$453K
Sale	Class A ordinary shares	4,536	$94.09	$427K
Sale	Class A ordinary shares	599	$95.07	$57K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 175,398 shares (Indirect, By BVI entity); Class A ordinary shares — 22,206,405 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 September 4, 2025. Represents the weighted average price of shares sold at prices that ranged from $92.72 to $93.72. 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 $93.73 to $94.68. Represents the weighted average price of shares sold at prices that ranged from $94.74 to $95.25. Represents the weighted average price of shares sold at prices that ranged from $88.33 to $89.32. Represents the weighted average price of shares sold at prices that ranged from $89.35 to $90.29. Represents the weighted average price of shares sold at prices that ranged from $90.33 to $91.31. Represents the weighted average price of shares sold at prices that ranged from $91.36 to $92.32. Represents the weighted average price of shares sold at prices that ranged from $92.33 to $93.15.

Key Figures

Shares sold: 20,000 shares Highest reported sale price: $95.07/share Lowest reported sale price: $88.69/share +4 more

7 metrics

Shares sold 20,000 shares Total net shares sold across eight open-market transactions

Highest reported sale price $95.07/share Open-market sale price on June 2, 2026

Lowest reported sale price $88.69/share Open-market sale price on June 3, 2026

Direct holdings after transactions 22,206,405 shares Class A ordinary shares held directly as of June 2, 2026

Indirect holdings after transactions 175,398 shares Class A ordinary shares held indirectly by BVI entity after June 3, 2026 sales

Number of sale transactions 8 transactions All coded “S” as open-market or private sales

Rule 10b5-1 plan adoption date September 4, 2025 Adoption date of trading plan used by BVI entity

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..."

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 other

"adopted by a BVI entity controlled by the Reporting Person on September 4, 2025"

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Form 4 Insider Transactions: What Each Field Means →

06/04/2026 - 06:01 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^*

Ye Gang

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

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	06/02/2026		S		4,865⁽¹⁾	D	$93.11⁽²⁾	185,135	I	By BVI entity
Class A ordinary shares	06/02/2026		S		4,536⁽¹⁾	D	$94.09⁽³⁾	180,599	I	By BVI entity
Class A ordinary shares	06/02/2026		S		599⁽¹⁾	D	$95.07⁽⁴⁾	180,000	I	By BVI entity
Class A ordinary shares	06/03/2026		S		4,602⁽¹⁾	D	$88.69⁽⁵⁾	175,398	I	By BVI entity
Class A ordinary shares	06/03/2026		S		400⁽¹⁾	D	$89.65⁽⁶⁾	174,998	I	By BVI entity
Class A ordinary shares	06/03/2026		S		700⁽¹⁾	D	$90.97⁽⁷⁾	174,298	I	By BVI entity
Class A ordinary shares	06/03/2026		S		1,600⁽¹⁾	D	$91.86⁽⁸⁾	172,698	I	By BVI entity
Class A ordinary shares	06/03/2026		S		2,698⁽¹⁾	D	$92.68⁽⁹⁾	170,000	I	By BVI entity
Class A ordinary shares								22,206,405	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 September 4, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $92.72 to $93.72. 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 $93.73 to $94.68.

4. Represents the weighted average price of shares sold at prices that ranged from $94.74 to $95.25.

5. Represents the weighted average price of shares sold at prices that ranged from $88.33 to $89.32.

6. Represents the weighted average price of shares sold at prices that ranged from $89.35 to $90.29.

7. Represents the weighted average price of shares sold at prices that ranged from $90.33 to $91.31.

8. Represents the weighted average price of shares sold at prices that ranged from $91.36 to $92.32.

9. Represents the weighted average price of shares sold at prices that ranged from $92.33 to $93.15.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	06/04/2026
	** 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) COO Ye Gang report?

Ye Gang reported open-market sales of 20,000 Sea Ltd Class A ordinary shares executed on June 2–3, 2026. The trades were made through a BVI entity he controls under a pre-arranged Rule 10b5-1 trading plan.

How many Sea Ltd (SE) shares did Ye Gang sell and at what prices?

Across eight transactions, a BVI entity controlled by Ye Gang sold 20,000 Class A shares. Reported per-share prices ranged from about $88.69 to $95.07, reflecting multiple open-market sales over two consecutive trading days.

Does Ye Gang still hold Sea Ltd (SE) shares after these transactions?

Yes. After the reported transactions, he directly holds 22,206,405 Class A ordinary shares. Separately, a BVI entity associated with him holds 175,398 Class A shares indirectly, according to the ownership details in the filing.

How many individual Sea Ltd (SE) sale transactions did the Form 4 list?

The Form 4 lists eight sale transactions in Sea Ltd Class A ordinary shares plus one holding entry. All eight sales were coded “S” for open-market or private sale, reflecting multiple trades executed over June 2 and June 3, 2026.

Is the BVI entity or Ye Gang directly shown as selling Sea Ltd (SE) shares?

The sales are attributed to a BVI entity described as controlled by Ye Gang, with ownership classified as indirect. The filing notes the entity executed the trades pursuant to the Rule 10b5-1 trading plan adopted in September 2025.