Sea Ltd (SE) COO Ye Gang sells 20,000 shares via 10b5-1 plan

Rhea-AI Filing Summary

Sea Ltd director and COO Ye Gang reported pre-planned insider sales of Sea’s Class A ordinary shares. A BVI entity controlled by him sold a total of 20,000 indirectly held shares in open-market transactions, at prices including $81.72, $84.97, $85.76 and $86.50 per share, under a Rule 10b5-1 trading plan adopted on September 4, 2025.

After these sales, the BVI entity continued to hold 70,000 Class A shares indirectly. Separately, Ye Gang is shown as holding 22,794,539 Class A shares directly, so the disclosed sales represent only a small portion of the overall stake reported in this filing.

Insights

Equity market structure analyst

Pre-planned, modest insider sales via entity; core direct stake remains large.

The data show a BVI entity controlled by Ye Gang sold 20,000 Sea Class A shares in several open-market trades at prices from about $81.72 to $86.50. Footnotes state these transactions followed a Rule 10b5-1 trading plan adopted on September 4, 2025, indicating they were pre-scheduled rather than opportunistic.

The filing also lists 22,794,539 Class A shares held directly and 70,000 shares still held indirectly after the trades. In this context, 20,000 shares is a relatively small fraction of the reported holdings, so the economic signal is limited. Because the plan is pre-arranged, the timing of these sales carries less informational value for investors than discretionary trading would.

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
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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)

UNITED STATES

(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)
03/18/2026

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	03/18/2026		S		7,700(1)	D	$84.97(2)	82,300	I	By BVI entity
Class A ordinary shares	03/18/2026		S		2,058(1)	D	$85.76(3)	80,242	I	By BVI entity
Class A ordinary shares	03/18/2026		S		242(1)	D	$86.5(4)	80,000	I	By BVI entity
Class A ordinary shares	03/19/2026		S		10,000(1)	D	$81.72(5)	70,000	I	By BVI entity
Class A ordinary shares								22,794,539	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.

2. Represents the weighted average price of shares sold at prices that ranged from $84.44 to $85.42. 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 $85.44 to $86.12.

4. Represents the weighted average price of shares sold at prices that ranged from $86.48 to $86.52.

5. Represents the weighted average price of shares sold at prices that ranged from $81.32 to $82.15.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	03/20/2026
	** 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)