Were Ye Gang’s Sea Ltd (SE) share sales pre-planned under Rule 10b5-1?

Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Ye Gang on September 4, 2025. Such plans pre-schedule trades, reducing the significance of short-term market timing.

Sea COO-linked entity sells 20,000 SE shares

Sea Ltd director and COO Ye Gang reported indirect stock sales through a controlled BVI entity.

Filing Impact

(Very High)

Filing Sentiment

(Negative)How Sentiment works

Sentiment and the balance of points

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Form Type

Rhea-AI Filing Summary

Sea Ltd director and COO Ye Gang reported indirect stock sales through a controlled BVI entity. The BVI entity sold a total of 20,000 Class A ordinary shares of Sea Ltd in open-market transactions on June 4–5, 2026 under a pre-arranged Rule 10b5-1 trading plan. The weighted-average sale prices fell within ranges from $85.88 to $93.49 per share, reflecting multiple trades across different price bands. Following these transactions, Ye Gang reports direct ownership of 22,206,405 Class A ordinary shares, separate from the indirectly held shares at the BVI entity.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares

Net Sell 9 txns

Insider Ye Gang

Role COO

Sold 20,000 shs ($1.79M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	6,000	$86.27	$518K
Sale	Class A ordinary shares	800	$87.27	$70K
Sale	Class A ordinary shares	2,100	$88.44	$186K
Sale	Class A ordinary shares	500	$89.29	$45K
Sale	Class A ordinary shares	600	$90.49	$54K
Sale	Class A ordinary shares	2,242	$91.31	$205K
Sale	Class A ordinary shares	7,187	$92.09	$662K
Sale	Class A ordinary shares	571	$92.81	$53K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 150,000 shares (Indirect, By BVI entity); Class A ordinary shares — 22,206,405 shares (Direct)

Footnotes (9)

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.
F2. Represents the weighted average price of shares sold at prices that ranged from $90.59 to $91.58. 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 $91.59 to $92.58.
F4. Represents the weighted average price of shares sold at prices that ranged from $92.59 to $93.49.
F5. Represents the weighted average price of shares sold at prices that ranged from $85.88 to $86.87.
F6. Represents the weighted average price of shares sold at prices that ranged from $87.07 to $87.65.
F7. Represents the weighted average price of shares sold at prices that ranged from $88.06 to $88.86.
F8. Represents the weighted average price of shares sold at prices that ranged from $89.10 to $89.53.
F9. Represents the weighted average price of shares sold at prices that ranged from $89.98 to $90.72.

Key Figures

Shares sold: 20,000 shares Price range low: $85.88/share Price range high: $93.49/share +3 more

6 metrics

Shares sold 20,000 shares Total Class A ordinary shares sold June 4–5, 2026

Price range low $85.88/share Lowest weighted-average price range referenced for sales

Price range high $93.49/share Highest weighted-average price range referenced for sales

Direct holdings after transaction 22,206,405 shares Class A ordinary shares held directly as of June 4, 2026

Number of sale transactions 8 transactions Open-market sales of Class A ordinary shares

Rule 10b5-1 plan adoption date September 4, 2025 Adoption date of trading plan used for these sales

Key Terms

Rule 10b5-1 trading plan, Class A ordinary shares, BVI entity, open-market sale, +1 more

5 terms

Rule 10b5-1 trading plan financial

"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."

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 non-derivative 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.

BVI entity financial

"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person."

open-market sale financial

"transaction_action: open-market sale for each non-derivative transaction."

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.

indirect ownership financial

"direct_or_indirect: I and nature_of_ownership: By BVI entity indicate indirect ownership."

FAQ

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

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

Sea Ltd reported that a BVI entity controlled by COO and director Ye Gang sold 20,000 Class A ordinary shares. These were open-market sales executed over June 4–5, 2026 under a Rule 10b5-1 trading plan.

How many Sea Ltd (SE) shares were sold and at what prices?

The controlled BVI entity sold 20,000 Class A ordinary shares of Sea Ltd. Trades occurred at weighted-average prices within disclosed ranges between $85.88 and $93.49 per share, reflecting multiple open-market sale transactions over two days.

Does Ye Gang still hold a large position in Sea Ltd (SE) after these sales?

Yes. After the reported transactions, Ye Gang is shown as directly owning 22,206,405 Class A ordinary shares of Sea Ltd. This direct position is separate from the indirectly held shares at the BVI entity that executed the 20,000-share sale.

How many separate sale transactions did the Sea Ltd (SE) Form 4 show?

The Form 4 shows eight separate open-market sale transactions in Sea Ltd Class A ordinary shares. These sales were split across June 4 and June 5, 2026, each reported with its own share amount and weighted-average sale price range.

Are the Sea Ltd (SE) insider sales direct or indirect holdings of Ye Gang?

The sales involve indirect holdings. The Class A ordinary shares were sold by a BVI entity described as being controlled by Ye Gang, and the transactions are reported as indirect ownership rather than shares held directly in his name.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/08/2026 - 11:04 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^*

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)
06/04/2026

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	06/04/2026		S		2,242⁽¹⁾	D	$91.31⁽²⁾	167,758	I	By BVI entity
Class A ordinary shares	06/04/2026		S		7,187⁽¹⁾	D	$92.09⁽³⁾	160,571	I	By BVI entity
Class A ordinary shares	06/04/2026		S		571⁽¹⁾	D	$92.81⁽⁴⁾	160,000	I	By BVI entity
Class A ordinary shares	06/05/2026		S		6,000⁽¹⁾	D	$86.27⁽⁵⁾	154,000	I	By BVI entity
Class A ordinary shares	06/05/2026		S		800⁽¹⁾	D	$87.27⁽⁶⁾	153,200	I	By BVI entity
Class A ordinary shares	06/05/2026		S		2,100⁽¹⁾	D	$88.44⁽⁷⁾	151,100	I	By BVI entity
Class A ordinary shares	06/05/2026		S		500⁽¹⁾	D	$89.29⁽⁸⁾	150,600	I	By BVI entity
Class A ordinary shares	06/05/2026		S		600⁽¹⁾	D	$90.49⁽⁹⁾	150,000	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 $90.59 to $91.58. 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 $91.59 to $92.58.

4. Represents the weighted average price of shares sold at prices that ranged from $92.59 to $93.49.

5. Represents the weighted average price of shares sold at prices that ranged from $85.88 to $86.87.

6. Represents the weighted average price of shares sold at prices that ranged from $87.07 to $87.65.

7. Represents the weighted average price of shares sold at prices that ranged from $88.06 to $88.86.

8. Represents the weighted average price of shares sold at prices that ranged from $89.10 to $89.53.

9. Represents the weighted average price of shares sold at prices that ranged from $89.98 to $90.72.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	06/08/2026
	** 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