Sea Ltd: Yanjun Wang's entity sells 2,000 shares

The six sale prices were reported as weighted averages, each tied to a transaction-specific price range.

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Form Type

Rhea-AI Filing Summary

Sea Ltd (SE) CCO and GC Yanjun Wang reported sales of 2,000 Class A ordinary shares by a BVI entity he controls on October 9 and October 12, 2026. The entity made the sales under a Rule 10b5-1 trading plan it adopted on March 26, 2026. Wang directly held 1,033,642 Class A ordinary shares as of October 9, 2026.

Insider Trade Summary 10b5-1

Net Seller: 2,000 shares

Net Sell 7 txns

Insider Wang Yanjun

Role CCO and GC

Sold 2,000 shs ($191K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares ^{F1, F5}	312	$95.32	$30K
Sale	Class A ordinary shares ^{F1, F6}	668	$96.10	$64K
Sale	Class A ordinary shares ^{F1, F7}	20	$96.87	$2K
Sale	Class A ordinary shares ^{F1, F2}	204	$94.82	$19K
Sale	Class A ordinary shares ^{F1, F3}	757	$95.47	$72K
Sale	Class A ordinary shares ^{F1, F4}	39	$96.19	$4K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 81,780 shares (Indirect, By BVI entity); Class A ordinary shares — 1,033,642 shares (Direct)

Footnotes (7)

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 $94.05 to $95.049. 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 $95.05 to $96.00.
F4. Represents the weighted average price of shares sold at prices that ranged from $96.07 to $96.32.
F5. Represents the weighted average price of shares sold at prices that ranged from $94.79 to $95.78.
F6. Represents the weighted average price of shares sold at prices that ranged from $95.84 to $96.78.
F7. Represents the weighted average price of shares sold at prices that ranged from $96.79 to $96.93.

Key Figures

Shares sold: 2,000 Class A ordinary shares Shares sold and weighted-average price: 204 shares at $94.82 per share Shares sold and weighted-average price: 757 shares at $95.47 per share +5 more

8 metrics

Shares sold 2,000 Class A ordinary shares Reported sales by a BVI entity controlled by Yanjun Wang

Shares sold and weighted-average price 204 shares at $94.82 per share October 9, 2026; sale by the BVI entity

Shares sold and weighted-average price 757 shares at $95.47 per share October 9, 2026; sale by the BVI entity

Shares sold and weighted-average price 39 shares at $96.19 per share October 9, 2026; sale by the BVI entity

Shares sold and weighted-average price 312 shares at $95.32 per share October 12, 2026; sale by the BVI entity

Shares sold and weighted-average price 668 shares at $96.10 per share October 12, 2026; sale by the BVI entity

Shares sold and weighted-average price 20 shares at $96.87 per share October 12, 2026; sale by the BVI entity

Direct shares held after transaction 1,033,642 Class A ordinary shares Reported as of October 9, 2026

Key Terms

Rule 10b5-1 trading plan, weighted average price, BVI entity

3 terms

Rule 10b5-1 trading plan regulatory

"sold pursuant to a Rule 10b5-1 trading plan"

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.

BVI entity technical

"adopted by 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 did Yanjun Wang's entity sell?

A BVI entity controlled by Sea Ltd CCO and GC Yanjun Wang sold 2,000 Class A ordinary shares on October 9 and October 12, 2026. The sales were made under a Rule 10b5-1 trading plan adopted by the entity on March 26, 2026.

What prices did Yanjun Wang's entity receive for the SE shares?

The six reported weighted-average prices were: 204 shares at $94.82, 757 at $95.47, and 39 at $96.19 on October 9, 2026; and 312 shares at $95.32, 668 at $96.10, and 20 at $96.87 on October 12, 2026. Each price represents a weighted average within a range stated for that transaction.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/13/2026 - 06:07 AM EDT Accepted by SEC EDGAR 10/13/2026 - 06:06 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)
10/09/2026

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	10/09/2026		S		204⁽¹⁾	D	$94.82⁽²⁾	83,576	I	By BVI entity
Class A ordinary shares	10/09/2026		S		757⁽¹⁾	D	$95.47⁽³⁾	82,819	I	By BVI entity
Class A ordinary shares	10/09/2026		S		39⁽¹⁾	D	$96.19⁽⁴⁾	82,780	I	By BVI entity
Class A ordinary shares	10/12/2026		S		312⁽¹⁾	D	$95.32⁽⁵⁾	82,468	I	By BVI entity
Class A ordinary shares	10/12/2026		S		668⁽¹⁾	D	$96.1⁽⁶⁾	81,800	I	By BVI entity
Class A ordinary shares	10/12/2026		S		20⁽¹⁾	D	$96.87⁽⁷⁾	81,780	I	By BVI entity
Class A ordinary shares								1,033,642	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 $94.05 to $95.049. 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 $95.05 to $96.00.

4. Represents the weighted average price of shares sold at prices that ranged from $96.07 to $96.32.

5. Represents the weighted average price of shares sold at prices that ranged from $94.79 to $95.78.

6. Represents the weighted average price of shares sold at prices that ranged from $95.84 to $96.78.

7. Represents the weighted average price of shares sold at prices that ranged from $96.79 to $96.93.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	10/13/2026
	** 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