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

Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted on March 26, 2026 by a BVI entity controlled by Yanjun Wang, and the form’s Rule 10b5-1 checkbox is marked as affirmed.

Sea Ltd CCO sells 2,400 shares via trading plan

Q: What insider sale did Sea Ltd (SE) report for Yanjun Wang?

Sea Ltd reported that CCO and GC Yanjun Wang indirectly sold 2,400 Class A ordinary shares. The sales occurred over July 22–23, 2026 and were executed through a BVI entity he controls, rather than from his directly held shares.

Q: At what prices were the Sea Ltd (SE) shares sold by Yanjun Wang?

The reported transactions show sales prices ranging from $99.91 to $106.25 per Class A ordinary share. Several trades used weighted average prices, with detailed price ranges disclosed in footnotes for each set of grouped sales.

Q: How many Sea Ltd (SE) shares does Yanjun Wang hold after these transactions?

After the reported transactions, Yanjun Wang held 1,162,442 Class A ordinary shares directly. This post-transaction holding reflects the direct ownership line item dated July 22, 2026 in the non-derivative holdings table of the insider report.

Q: How many separate sale transactions did Sea Ltd (SE) disclose for Yanjun Wang?

The report shows 10 separate non-derivative sale transactions, all involving Class A ordinary shares and coded as “S” for sales. Each line specifies the number of shares sold and a corresponding per-share or weighted average price for that tranche.

Q: Were Yanjun Wang’s Sea Ltd (SE) transactions direct or indirect holdings?

The 2,400 shares sold were reported as indirectly owned, with ownership described as “By BVI entity.” Separately, a holding entry shows 1,162,442 Class A ordinary shares held under direct ownership after the transactions.

Sea Ltd officer Yanjun Wang, CCO and GC, indirectly sold 2,400 Class A ordinary shares on July 22–23, 2026 through a BVI entity he controls, at prices from $99.91 to $106.25 per share under a Rule 10b5-1 trading plan adopted on March 26, 2026.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Sea Ltd officer Yanjun Wang, CCO and GC, indirectly sold 2,400 Class A ordinary shares on July 22–23, 2026 through a BVI entity he controls, at prices from $99.91 to $106.25 per share under a Rule 10b5-1 trading plan adopted on March 26, 2026. Following these transactions, he held 1,162,442 Class A ordinary shares directly.

Insider Trade Summary 10b5-1

Net Seller: 2,400 shares

Net Sell 11 txns

Insider Wang Yanjun

Role CCO and GC

Sold 2,400 shs ($248K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares ^{F1, F6}	435	$99.91	$43K
Sale	Class A ordinary shares ^{F1, F7}	361	$100.61	$36K
Sale	Class A ordinary shares ^{F1, F8}	27	$101.80	$3K
Sale	Class A ordinary shares ^{F1, F9}	146	$102.82	$15K
Sale	Class A ordinary shares ^{F1, F10}	230	$103.71	$24K
Sale	Class A ordinary shares ^F1	1	$104.40	$104.40
Sale	Class A ordinary shares ^{F1, F2}	60	$103.51	$6K
Sale	Class A ordinary shares ^{F1, F3}	568	$104.75	$59K
Sale	Class A ordinary shares ^{F1, F4}	468	$105.60	$49K
Sale	Class A ordinary shares ^{F1, F5}	104	$106.25	$11K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 26,500 shares (Indirect, By BVI entity); Class A ordinary shares — 1,162,442 shares (Direct)

Footnotes (10)

F1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on March 26, 2026.
F2. Represents the weighted average price of shares sold at prices that ranged from $103.10 to $104.01. 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 $104.11 to $105.09.
F4. Represents the weighted average price of shares sold at prices that ranged from $105.11 to $106.10.
F5. Represents the weighted average price of shares sold at prices that ranged from $106.10 to $106.71.
F6. Represents the weighted average price of shares sold at prices that ranged from $99.33 to $100.32.
F7. Represents the weighted average price of shares sold at prices that ranged from $100.33 to $101.15.
F8. Represents the weighted average price of shares sold at prices that ranged from $101.51 to $102.30.
F9. Represents the weighted average price of shares sold at prices that ranged from $102.33 to $103.32.
F10. Represents the weighted average price of shares sold at prices that ranged from $103.33 to $104.25.

Key Figures

Shares sold: 2,400 Class A ordinary shares Lowest reported sale price: $99.91 per share Highest reported sale price: $106.25 per share +3 more

6 metrics

Shares sold 2,400 Class A ordinary shares Total non-derivative shares sold on July 22–23, 2026

Lowest reported sale price $99.91 per share Lowest per-share sale price among the reported transactions

Highest reported sale price $106.25 per share Highest per-share sale price among the reported transactions

Direct holdings after transactions 1,162,442 Class A ordinary shares Directly owned shares as of July 22, 2026

Number of sale transactions 10 Count of non-derivative sale entries coded as S

Rule 10b5-1 plan adoption date March 26, 2026 Adoption date of the BVI entity’s trading plan controlled by the reporting person

Key Terms

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

4 terms

Rule 10b5-1 trading plan regulatory

"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.

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 the reported 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

"trading plan adopted by a BVI entity controlled by the Reporting Person"

FAQ

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

What insider sale did Sea Ltd (SE) report for Yanjun Wang?

Sea Ltd reported that CCO and GC Yanjun Wang indirectly sold 2,400 Class A ordinary shares. The sales occurred over July 22–23, 2026 and were executed through a BVI entity he controls, rather than from his directly held shares.

At what prices were the Sea Ltd (SE) shares sold by Yanjun Wang?

The reported transactions show sales prices ranging from $99.91 to $106.25 per Class A ordinary share. Several trades used weighted average prices, with detailed price ranges disclosed in footnotes for each set of grouped sales.

How many Sea Ltd (SE) shares does Yanjun Wang hold after these transactions?

After the reported transactions, Yanjun Wang held 1,162,442 Class A ordinary shares directly. This post-transaction holding reflects the direct ownership line item dated July 22, 2026 in the non-derivative holdings table of the insider report.

How many separate sale transactions did Sea Ltd (SE) disclose for Yanjun Wang?

The report shows 10 separate non-derivative sale transactions, all involving Class A ordinary shares and coded as “S” for sales. Each line specifies the number of shares sold and a corresponding per-share or weighted average price for that tranche.

Were Yanjun Wang’s Sea Ltd (SE) transactions direct or indirect holdings?

The 2,400 shares sold were reported as indirectly owned, with ownership described as “By BVI entity.” Separately, a holding entry shows 1,162,442 Class A ordinary shares held under direct ownership after the transactions.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 07/24/2026 - 06:03 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^*

Wang Yanjun

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CCO and GC

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2026

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	07/22/2026		S		60⁽¹⁾	D	$103.51⁽²⁾	28,840	I	By BVI entity
Class A ordinary shares	07/22/2026		S		568⁽¹⁾	D	$104.75⁽³⁾	28,272	I	By BVI entity
Class A ordinary shares	07/22/2026		S		468⁽¹⁾	D	$105.6⁽⁴⁾	27,804	I	By BVI entity
Class A ordinary shares	07/22/2026		S		104⁽¹⁾	D	$106.25⁽⁵⁾	27,700	I	By BVI entity
Class A ordinary shares	07/23/2026		S		435⁽¹⁾	D	$99.91⁽⁶⁾	27,265	I	By BVI entity
Class A ordinary shares	07/23/2026		S		361⁽¹⁾	D	$100.61⁽⁷⁾	26,904	I	By BVI entity
Class A ordinary shares	07/23/2026		S		27⁽¹⁾	D	$101.8⁽⁸⁾	26,877	I	By BVI entity
Class A ordinary shares	07/23/2026		S		146⁽¹⁾	D	$102.82⁽⁹⁾	26,731	I	By BVI entity
Class A ordinary shares	07/23/2026		S		230⁽¹⁾	D	$103.71⁽¹⁰⁾	26,501	I	By BVI entity
Class A ordinary shares	07/23/2026		S		1⁽¹⁾	D	$104.4	26,500	I	By BVI entity
Class A ordinary shares								1,162,442	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 March 26, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $103.10 to $104.01. 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 $104.11 to $105.09.

4. Represents the weighted average price of shares sold at prices that ranged from $105.11 to $106.10.

5. Represents the weighted average price of shares sold at prices that ranged from $106.10 to $106.71.

6. Represents the weighted average price of shares sold at prices that ranged from $99.33 to $100.32.

7. Represents the weighted average price of shares sold at prices that ranged from $100.33 to $101.15.

8. Represents the weighted average price of shares sold at prices that ranged from $101.51 to $102.30.

9. Represents the weighted average price of shares sold at prices that ranged from $102.33 to $103.32.

10. Represents the weighted average price of shares sold at prices that ranged from $103.33 to $104.25.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	07/24/2026
	** 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