Sea Ltd (NYSE: SE) COO Ye Gang sells 40,000 shares under 10b5-1 plan

Rhea-AI Filing Summary

Sea Ltd COO and director Ye Gang, through a controlled BVI entity, sold 40,000 Class A ordinary shares on July 20–21, 2026, in multiple open-market or private transactions under a Rule 10b5-1 trading plan. Footnotes state sale prices ranged from $105.48 to $107.94 per share. He continues to hold 21,636,405 Class A ordinary shares directly.

Insider Trade Summary 10b5-1

Net Seller: 40,000 shares

Net Sell 7 txns

Insider Ye Gang

Role COO

Sold 40,000 shs ($4.26M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1, F5	15,712	$106.01	$1.67M
Sale	Class A ordinary shares F1, F6	3,143	$106.83	$336K
Sale	Class A ordinary shares F1, F7	1,145	$107.87	$124K
Sale	Class A ordinary shares F1, F2	9,200	$105.92	$974K
Sale	Class A ordinary shares F1, F3	8,000	$107.06	$856K
Sale	Class A ordinary shares F1, F4	2,800	$107.64	$301K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 280,000 shares (Indirect, By BVI entity); Class A ordinary shares — 21,636,405 shares (Direct)

Footnotes (7)

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 September 4, 2025.
2. F2. Represents the weighted average price of shares sold at prices that ranged from $105.48 to $106.47. 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 $106.51 to $107.46.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $107.48 to $107.82.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $105.48 to $106.46.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $106.48 to $107.43.
7. F7. Represents the weighted average price of shares sold at prices that ranged from $107.84 to $107.94.

Key Figures

Shares sold: 40,000 shares Weighted avg price (9,200-share block): $105.92 per share Weighted avg price (15,712-share block): $106.01 per share +3 more

6 metrics

Shares sold 40,000 shares Total Class A ordinary shares sold on July 20–21, 2026 by BVI entity

Weighted avg price (9,200-share block) $105.92 per share Weighted average sale price for 9,200 shares sold on July 20, 2026

Weighted avg price (15,712-share block) $106.01 per share Weighted average sale price for 15,712 shares sold on July 21, 2026

Highest weighted avg sale price $107.87 per share Weighted average price for 1,145 shares sold on July 21, 2026

Direct shares held 21,636,405 shares Class A ordinary shares held directly by Ye Gang as of July 20, 2026

Rule 10b5-1 plan adoption date September 4, 2025 Date BVI entity controlled by Ye Gang adopted Rule 10b5-1 trading plan

Key Terms

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

4 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 that ranged..."

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 for each reported transaction"

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 regulatory

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

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/22/2026 - 06:06 AM Accepted by SEC EDGAR 07/22/2026 - 06:06 AM Learn about SEC filing dates

FAQ

What insider trades did Sea Ltd (SE) report for Ye Gang?

Sea Ltd reported that COO Ye Gang, via a controlled BVI entity, sold 40,000 Class A ordinary shares on July 20–21, 2026. The transactions were executed as open-market or private sales under a Rule 10b5-1 trading plan.

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

Ye Gang’s BVI entity sold 40,000 Class A ordinary shares of Sea Ltd. Footnotes state the individual sale prices ranged from $105.48 to $107.94 per share, with each transaction reported at a specific weighted average price.

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

Yes. Footnote F1 states the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Ye Gang on September 4, 2025. This indicates the trades followed a pre-established trading schedule.

How many Sea Ltd (SE) shares does Ye Gang still own after these sales?

After the reported transactions, Ye Gang continues to hold 21,636,405 Class A ordinary shares directly. This holding is reported as of July 20, 2026 and is separate from the shares sold indirectly via the BVI entity.

Were the sold Sea Ltd (SE) shares held directly by Ye Gang?

No. The sold shares were held indirectly "By BVI entity" associated with Ye Gang. The filing classifies these positions as indirect ownership, while a separate line shows his 21,636,405 Class A shares held directly.

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).

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^*

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)
07/20/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A ordinary shares	07/20/2026		S		9,200(1)	D	$105.92(2)	310,800	I	By BVI entity
Class A ordinary shares	07/20/2026		S		8,000(1)	D	$107.06(3)	302,800	I	By BVI entity
Class A ordinary shares	07/20/2026		S		2,800(1)	D	$107.64(4)	300,000	I	By BVI entity
Class A ordinary shares	07/21/2026		S		15,712(1)	D	$106.01(5)	284,288	I	By BVI entity
Class A ordinary shares	07/21/2026		S		3,143(1)	D	$106.83(6)	281,145	I	By BVI entity
Class A ordinary shares	07/21/2026		S		1,145(1)	D	$107.87(7)	280,000	I	By BVI entity
Class A ordinary shares								21,636,405	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 September 4, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $105.48 to $106.47. 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 $106.51 to $107.46.

4. Represents the weighted average price of shares sold at prices that ranged from $107.48 to $107.82.

5. Represents the weighted average price of shares sold at prices that ranged from $105.48 to $106.46.

6. Represents the weighted average price of shares sold at prices that ranged from $106.48 to $107.43.

7. Represents the weighted average price of shares sold at prices that ranged from $107.84 to $107.94.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	07/22/2026
	** 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)