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

Yes. A footnote states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on September 4, 2025 by a BVI entity controlled by the reporting person. Such plans pre-schedule trades independently of day-to-day market conditions.

Sea (NYSE: SE) COO-linked BVI entity sells 20,000 shares under 10b5-1 plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd disclosed that a BVI entity controlled by COO and director Ye Gang sold a total of 20,000 Class A ordinary shares in open-market transactions on June 23–24, 2026. The sales were executed under a pre-arranged Rule 10b5-1 trading plan.

Sale prices were reported as weighted averages within ranges from $87.46 to $95.64. Following these transactions, Ye Gang continues to hold 21,636,405 Class A ordinary shares directly and 608,267 shares indirectly through the BVI entity.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares ($1,834,321)

Net Sell 12 txns

Insider Ye Gang

Role COO

Sold 20,000 shs ($1.83M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	1,733	$90.68	$157K
Sale	Class A ordinary shares	1,296	$91.52	$119K
Sale	Class A ordinary shares	2,846	$92.62	$264K
Sale	Class A ordinary shares	1,114	$93.31	$104K
Sale	Class A ordinary shares	2,719	$94.46	$257K
Sale	Class A ordinary shares	292	$95.37	$28K
Sale	Class A ordinary shares	800	$87.90	$70K
Sale	Class A ordinary shares	1,600	$89.02	$142K
Sale	Class A ordinary shares	1,000	$89.93	$90K
Sale	Class A ordinary shares	2,276	$91.03	$207K
Sale	Class A ordinary shares	4,324	$91.69	$396K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 608,267 shares (Indirect, By BVI entity); Class A ordinary shares — 21,636,405 shares (Direct, null)

Footnotes (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. Represents the weighted average price of shares sold at prices that ranged from $87.46 to $88.27. 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 $88.57 to $89.38. Represents the weighted average price of shares sold at prices that ranged from $89.53 to $90.40. Represents the weighted average price of shares sold at prices that ranged from $90.46 to $91.45. Represents the weighted average price of shares sold at prices that ranged from $91.46 to $92.15. Represents the weighted average price of shares sold at prices that ranged from $90.00 to $90.99. Represents the weighted average price of shares sold at prices that ranged from $91.02 to $91.99. Represents the weighted average price of shares sold at prices that ranged from $92.00 to $92.98. Represents the weighted average price of shares sold at prices that ranged from $93.00 to $93.99. Represents the weighted average price of shares sold at prices that ranged from $94.00 to $94.98. Represents the weighted average price of shares sold at prices that ranged from $95.00 to $95.64.

Key Figures

Shares sold: 20,000 shares Sale price range: $87.46–$95.64 per share Direct holdings after trade: 21,636,405 shares +3 more

6 metrics

Shares sold 20,000 shares Total Class A ordinary shares sold June 23–24, 2026

Sale price range $87.46–$95.64 per share Weighted average price ranges across reported trades

Direct holdings after trade 21,636,405 shares Class A ordinary shares held directly by Ye Gang after transactions

Indirect holdings after trade 608,267 shares Class A ordinary shares held indirectly via BVI entity

Net share direction 20,000 net-sell shares transactionSummary netBuySellShares for this Form 4

Trades under plan Rule 10b5-1 plan adopted Sept 4, 2025 Footnote describing pre-arranged trading plan

Key Terms

Rule 10b5-1 trading plan, Class A ordinary shares, weighted average price, open-market sale, +1 more

5 terms

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" 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.

weighted average price financial

"Represents the weighted average price of shares sold at prices that ranged from $87.46 to $88.27."

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.

open-market sale financial

"transaction_action: "open-market sale" with code S for each non-derivative trade"

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" for the selling account"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/25/2026 - 06:03 AM Accepted by SEC EDGAR 06/25/2026 - 06:01 AM

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)
06/23/2026

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	06/23/2026		S		800⁽¹⁾	D	$87.9⁽²⁾	619,200	I	By BVI entity
Class A ordinary shares	06/23/2026		S		1,600⁽¹⁾	D	$89.02⁽³⁾	617,600	I	By BVI entity
Class A ordinary shares	06/23/2026		S		1,000⁽¹⁾	D	$89.93⁽⁴⁾	616,600	I	By BVI entity
Class A ordinary shares	06/23/2026		S		2,276⁽¹⁾	D	$91.03⁽⁵⁾	614,324	I	By BVI entity
Class A ordinary shares	06/23/2026		S		4,324⁽¹⁾	D	$91.69⁽⁶⁾	610,000	I	By BVI entity
Class A ordinary shares	06/24/2026		S		1,733⁽¹⁾	D	$90.68⁽⁷⁾	608,267	I	By BVI entity
Class A ordinary shares	06/24/2026		S		1,296⁽¹⁾	D	$91.52⁽⁸⁾	606,971	I	By BVI entity
Class A ordinary shares	06/24/2026		S		2,846⁽¹⁾	D	$92.62⁽⁹⁾	604,125	I	By BVI entity
Class A ordinary shares	06/24/2026		S		1,114⁽¹⁾	D	$93.31⁽¹⁰⁾	603,011	I	By BVI entity
Class A ordinary shares	06/24/2026		S		2,719⁽¹⁾	D	$94.46⁽¹¹⁾	600,292	I	By BVI entity
Class A ordinary shares	06/24/2026		S		292⁽¹⁾	D	$95.37⁽¹²⁾	600,000	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)
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 $87.46 to $88.27. 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 $88.57 to $89.38.

4. Represents the weighted average price of shares sold at prices that ranged from $89.53 to $90.40.

5. Represents the weighted average price of shares sold at prices that ranged from $90.46 to $91.45.

6. Represents the weighted average price of shares sold at prices that ranged from $91.46 to $92.15.

7. Represents the weighted average price of shares sold at prices that ranged from $90.00 to $90.99.

8. Represents the weighted average price of shares sold at prices that ranged from $91.02 to $91.99.

9. Represents the weighted average price of shares sold at prices that ranged from $92.00 to $92.98.

10. Represents the weighted average price of shares sold at prices that ranged from $93.00 to $93.99.

11. Represents the weighted average price of shares sold at prices that ranged from $94.00 to $94.98.

12. Represents the weighted average price of shares sold at prices that ranged from $95.00 to $95.64.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	06/25/2026
	** 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

FAQ

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

Sea reported that a BVI entity controlled by COO Ye Gang sold 20,000 Class A ordinary shares in open-market trades. These transactions occurred on June 23–24, 2026, and were disclosed in a Form 4 insider filing.

At what prices were the Sea (SE) shares sold in this Form 4?

The filing lists weighted average sale prices with ranges from $87.46 to $95.64 per Class A ordinary share. Separate footnotes detail the specific price bands for each trade group across the June 23–24, 2026 transactions.

How many Sea (SE) shares were sold and over how many trades?

The BVI entity associated with COO Ye Gang sold a total of 20,000 Class A ordinary shares across 11 separate open-market sale entries. The Form 4 transactionSummary records a net-sell volume of 20,000 shares for these non-derivative transactions.

How many Sea (SE) shares does Ye Gang hold after these transactions?

After the reported sales, Ye Gang holds 21,636,405 Class A ordinary shares directly. He also has 608,267 shares held indirectly through the BVI entity, according to the post-transaction ownership figures shown in the Form 4 data.

Does this Sea (SE) Form 4 involve any derivatives or option exercises?

No. The transactions in this Form 4 relate only to non-derivative Class A ordinary shares. The derivativeSummary section shows no derivative positions or option exercises reported in connection with these June 23–24, 2026 trades.