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  4. [Form 4] Sea Ltd Insider Trading Activity

Sea Ltd (SE) insider-linked BVI entity sells 1,600 shares under plan

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Sea Ltd executive Chen Jingye, CPO of Shopee, reported indirect open-market sales of Class A ordinary shares through a BVI entity controlled by him. The BVI entity sold a total of 1,600 shares on April 22–23, 2026 at prices ranging from about $82.85 to $86.63 per share, pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on August 28, 2025. After these transactions, Chen is shown as directly holding 9,075,774 Class A ordinary shares, indicating the reported sales represent a small portion of his overall position and were executed under a pre-planned arrangement.

Positive

  • None.

Negative

  • None.
Insider Chen Jingye
Role CPO, Shopee
Sold 1,600 shs ($136K)
Type Security Shares Price Value
Sale Class A ordinary shares 253 $82.85 $21K
Sale Class A ordinary shares 465 $83.61 $39K
Sale Class A ordinary shares 82 $84.44 $7K
Sale Class A ordinary shares 124 $84.95 $11K
Sale Class A ordinary shares 411 $85.90 $35K
Sale Class A ordinary shares 265 $86.63 $23K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 220,547 shares (Indirect, By BVI entity); Class A ordinary shares — 9,075,774 shares (Direct, null)
Footnotes (1)
  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 $84.31 to $85.24. 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 $85.31 to $86.30. Represents the weighted average price of shares sold at prices that ranged from $86.31 to $87.26. Represents the weighted average price of shares sold at prices that ranged from $82.22 to $83.21. Represents the weighted average price of shares sold at prices that ranged from $83.22 to $84.20. Represents the weighted average price of shares sold at prices that ranged from $84.22 to $84.78.
Shares sold 1,600 shares Total Class A ordinary shares sold April 22–23, 2026
Sale price range $82.85–$86.63 per share Approximate range of reported sale prices
Direct holdings after 9,075,774 shares Direct Class A ordinary shares held as of April 22, 2026
Net share change -1,600 shares Net buy/sell shares from transaction summary (net-sell)
Sell transactions 6 transactions Open-market sales reported in transaction summary
Rule 10b5-1 plan date August 28, 2025 Adoption date of trading plan by controlled BVI entity
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 in multiple transactions"
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.
indirect ownership financial
"direct_or_indirect: I, nature_of_ownership: By BVI entity"
open-market sale financial
"transaction_action: open-market sale; transaction_code_description: Sale in open market"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 Insider Transactions: What Each Field Means →
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*
Chen Jingye
(Last)(First)(Middle)
C/O 1 FUSIONOPOLIS PLACE,
#17-10, GALAXIS
(Street)
SINGAPORESINGAPORE138522
(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)
CPO, Shopee
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/22/2026		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 shares04/22/2026S124(1)D$84.95(2)221,476IBy BVI entity
Class A ordinary shares04/22/2026S411(1)D$85.9(3)221,065IBy BVI entity
Class A ordinary shares04/22/2026S265(1)D$86.63(4)220,800IBy BVI entity
Class A ordinary shares04/23/2026S253(1)D$82.85(5)220,547IBy BVI entity
Class A ordinary shares04/23/2026S465(1)D$83.61(6)220,082IBy BVI entity
Class A ordinary shares04/23/2026S82(1)D$84.44(7)220,000IBy BVI entity
Class A ordinary shares9,075,774D
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 August 28, 2025.
2. Represents the weighted average price of shares sold at prices that ranged from $84.31 to $85.24. 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 $85.31 to $86.30.
4. Represents the weighted average price of shares sold at prices that ranged from $86.31 to $87.26.
5. Represents the weighted average price of shares sold at prices that ranged from $82.22 to $83.21.
6. Represents the weighted average price of shares sold at prices that ranged from $83.22 to $84.20.
7. Represents the weighted average price of shares sold at prices that ranged from $84.22 to $84.78.
/s/ Mark Tang, attorney-in-fact for Jingye Chen04/24/2026
** 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)

Source: View Original Filing on SEC EDGAR