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Sea Ltd: Yanjun Wang’s entity sells 1,600 shares

The sales were made under a Rule 10b5-1 trading plan adopted by the BVI entity controlled by Sea Ltd's CCO and GC on March 26, 2026.

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Form Type
4

Rhea-AI Filing Summary

Sea Ltd's CCO and GC Yanjun Wang reported that a BVI entity he controls sold 1,600 Class A ordinary shares on November 6 and November 9, 2026. On November 6, it sold 50, 133, 449 and 168 shares at reported weighted-average prices of $73.42, $73.91, $75.21 and $75.89 per share, respectively; on November 9, it sold 236, 519 and 45 shares at $77.81, $78.48 and $79.18 per share, respectively.

Insider Wang Yanjun
Role CCO and GC
Sold 1,600 shs ($123K)
Type Security Shares Price Value
Sale Class A ordinary shares F1, F6 236 $77.81 $18K
Sale Class A ordinary shares F1, F7 519 $78.48 $41K
Sale Class A ordinary shares F1, F8 45 $79.18 $4K
Sale Class A ordinary shares F1, F2 50 $73.42 $4K
Sale Class A ordinary shares F1, F3 133 $73.91 $10K
Sale Class A ordinary shares F1, F4 449 $75.21 $34K
Sale Class A ordinary shares F1, F5 168 $75.89 $13K
Holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 64,780 shares (Indirect, By BVI entity); Class A ordinary shares — 1,333,642 shares (Direct)
Footnotes (8)
  1. 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.
  2. F2. Represents the weighted average price of shares sold at prices that ranged from $72.66 to $73.65. 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. F3. Represents the weighted average price of shares sold at prices that ranged from $73.66 to $74.63.
  4. F4. Represents the weighted average price of shares sold at prices that ranged from $74.69 to $75.657.
  5. F5. Represents the weighted average price of shares sold at prices that ranged from $75.66 to $76.36.
  6. F6. Represents the weighted average price of shares sold at prices that ranged from $77.00 to $77.92.
  7. F7. Represents the weighted average price of shares sold at prices that ranged from $78.02 to $78.96.
  8. F8. Represents the weighted average price of shares sold at prices that ranged from $79.00 to $79.34.
Class A ordinary shares sold 1,600 shares Seven reported sales on November 6 and November 9, 2026
Class A ordinary shares sold 50 shares at $73.42 weighted-average price per share November 6, 2026; sale prices ranged from $72.66 to $73.65
Class A ordinary shares sold 133 shares at $73.91 weighted-average price per share November 6, 2026; sale prices ranged from $73.66 to $74.63
Class A ordinary shares sold 449 shares at $75.21 weighted-average price per share November 6, 2026; sale prices ranged from $74.69 to $75.657
Class A ordinary shares sold 168 shares at $75.89 weighted-average price per share November 6, 2026; sale prices ranged from $75.66 to $76.36
Class A ordinary shares sold 236 shares at $77.81 weighted-average price per share November 9, 2026; sale prices ranged from $77.00 to $77.92
Class A ordinary shares sold 519 shares at $78.48 weighted-average price per share November 9, 2026; sale prices ranged from $78.02 to $78.96
Class A ordinary shares sold 45 shares at $79.18 weighted-average price per share November 9, 2026; sale prices ranged from $79.00 to $79.34
Rule 10b5-1 trading plan regulatory
"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.
weighted average price financial
"Represents the weighted average price of shares sold"
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
"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.
BVI entity technical
"a BVI entity controlled by the Reporting Person"

FAQ

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

How many SE shares were sold?

A BVI entity controlled by CCO and GC Yanjun Wang sold 1,600 Class A ordinary shares across November 6 and November 9, 2026.

What prices were reported for the SE share sales?

The reported weighted-average prices per share were $73.42 (sales ranged from $72.66 to $73.65), $73.91 ($73.66 to $74.63), $75.21 ($74.69 to $75.657), $75.89 ($75.66 to $76.36), $77.81 ($77.00 to $77.92), $78.48 ($78.02 to $78.96), and $79.18 ($79.00 to $79.34).

When was the trading plan for the SE share sales adopted?

The BVI entity controlled by Yanjun Wang adopted the Rule 10b5-1 trading plan on March 26, 2026, and the reported sales were made under that plan.

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

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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*
Wang Yanjun

(Last)(First)(Middle)
C/O 1 FUSIONOPOLIS PLACE,
#17-10, GALAXIS

(Street)
SINGAPORE138522

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CCO and GC
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
11/06/2026
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 shares11/06/2026S50(1)D$73.42(2)66,330IBy BVI entity
Class A ordinary shares11/06/2026S133(1)D$73.91(3)66,197IBy BVI entity
Class A ordinary shares11/06/2026S449(1)D$75.21(4)65,748IBy BVI entity
Class A ordinary shares11/06/2026S168(1)D$75.89(5)65,580IBy BVI entity
Class A ordinary shares11/09/2026S236(1)D$77.81(6)65,344IBy BVI entity
Class A ordinary shares11/09/2026S519(1)D$78.48(7)64,825IBy BVI entity
Class A ordinary shares11/09/2026S45(1)D$79.18(8)64,780IBy BVI entity
Class A ordinary shares1,333,642D
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 March 26, 2026.
2. Represents the weighted average price of shares sold at prices that ranged from $72.66 to $73.65. 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 $73.66 to $74.63.
4. Represents the weighted average price of shares sold at prices that ranged from $74.69 to $75.657.
5. Represents the weighted average price of shares sold at prices that ranged from $75.66 to $76.36.
6. Represents the weighted average price of shares sold at prices that ranged from $77.00 to $77.92.
7. Represents the weighted average price of shares sold at prices that ranged from $78.02 to $78.96.
8. Represents the weighted average price of shares sold at prices that ranged from $79.00 to $79.34.
/s/ Emily Tan, attorney-in-fact for Yanjun Wang11/10/2026
** 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)

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