Sea Ltd (SE) COO’s BVI entity sells 10,000 shares under 10b5-1 plan

Rhea-AI Filing Summary

Sea Ltd COO Ye Gang reported an insider sale of Class A ordinary shares. A BVI entity controlled by him sold 10,000 Class A ordinary shares on March 26, 2026 at $81.00 per share in an open‑market transaction.

The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted by that BVI entity on September 4, 2025. Following the transaction, the BVI entity held 430,000 shares indirectly, while Ye Gang also reported 22,394,539 Class A ordinary shares held directly.

Insights

Insider trading & governance analyst

Small, pre-planned insider sale via 10b5-1 plan looks routine.

Sea Ltd COO Ye Gang reported an indirect open‑market sale of 10,000 Class A ordinary shares at $81.00 each on March 26, 2026. The shares were sold by a BVI entity he controls, rather than from his personal direct account.

The footnote states this transaction occurred under a pre-arranged Rule 10b5-1 trading plan adopted on September 4, 2025, suggesting a scheduled, rather than opportunistic, trade. After the sale, the BVI entity still held 430,000 shares and Ye Gang reported an additional 22,394,539 shares held directly.

The 10,000 shares sold are small relative to the combined reported holdings, so the filing points to routine portfolio management by an entity associated with the COO rather than a major change in his overall exposure. Subsequent company filings may provide further context on any future transactions under this plan.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares ($810,000)

Net Sell 2 txns

Insider Ye Gang

Role COO

Sold 10,000 shs ($810K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	10,000	$81.00	$810K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 430,000 shares (Indirect, By BVI entity); Class A ordinary shares — 22,394,539 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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 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)
03/26/2026

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	03/26/2026		S		10,000(1)	D	$81	430,000	I	By BVI entity
Class A ordinary shares								22,394,539	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.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	03/30/2026
	** 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)

FAQ

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

COO Ye Gang reported an indirect sale of 10,000 Sea Ltd Class A ordinary shares. The shares were sold at $81.00 each on March 26, 2026, by a BVI entity he controls in an open-market transaction disclosed in a Form 4 filing.

Was Ye Gang’s Sea Ltd (SE) share sale under a Rule 10b5-1 plan?

Yes. The filing states the 10,000-share sale was made under a Rule 10b5-1 trading plan. That plan was adopted on September 4, 2025, by a BVI entity controlled by Ye Gang, indicating the transaction was pre-planned rather than discretionary.

How many Sea Ltd (SE) shares does the BVI entity hold after the sale?

After selling 10,000 shares, the BVI entity associated with COO Ye Gang held 430,000 Class A ordinary shares. This remaining balance reflects the indirect holdings reported following the March 26, 2026 open-market sale in the Form 4.

What are Ye Gang’s direct Sea Ltd (SE) share holdings after this Form 4?

The Form 4 shows Ye Gang directly holding 22,394,539 Class A ordinary shares after the reported transactions. This direct position is separate from the 430,000 shares held indirectly through the BVI entity that executed the 10,000-share sale.

Is the 10,000-share sale by Sea Ltd (SE) COO significant relative to his holdings?

The reported 10,000-share sale is small compared with Ye Gang’s combined disclosed holdings. He retains 430,000 shares indirectly and 22,394,539 shares directly, indicating this transaction represents a modest portion of his overall Sea Ltd exposure.