Sea Ltd president sells 8,423 shares at ~$121

Sea Ltd (SE) reported that President Feng Zhimin, through a BVI entity he controls, sold a total of 8,423 Class A ordinary shares on August 17, 2026, at weighted average prices around $120–$121, under a Rule 10b5-1 trading plan.

Rhea-AI Filing Summary

Sea Ltd (SE) reported that President Feng Zhimin, through a BVI entity he controls, sold a total of 8,423 Class A ordinary shares on August 17, 2026, at weighted average prices around $120–$121, under a Rule 10b5-1 trading plan. Feng also reported 1,003,969 Class A ordinary shares held directly after these transactions.

Insider Trade Summary 10b5-1

Net Seller: 8,423 shares

Net Sell 3 txns

Insider Feng Zhimin

Role President

Sold 8,423 shs ($1.01M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1, F2	7,856	$120.23	$945K
Sale	Class A ordinary shares F1, F3	567	$121.10	$69K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 231,577 shares (Indirect, By BVI entity); Class A ordinary shares — 1,003,969 shares (Direct)

Footnotes (3)

1. 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.
2. F2. Represents the weighted average price of shares sold at prices that ranged from $120.00 to $120.71. 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. F3. Represents the weighted average price of shares sold at prices that ranged from $121.07 to $121.13.

Key Figures

Shares sold (first transaction): 7,856 shares Price per share (first transaction): $120.23 Shares sold (second transaction): 567 shares +4 more

7 metrics

Shares sold (first transaction) 7,856 shares Class A ordinary shares sold on August 17, 2026 at weighted average price

Price per share (first transaction) $120.23 Weighted average price; individual trades ranged from $120.00 to $120.71

Shares sold (second transaction) 567 shares Class A ordinary shares sold on August 17, 2026 at weighted average price

Price per share (second transaction) $121.10 Weighted average price; trades ranged from $121.07 to $121.13

Total shares sold 8,423 shares Net shares sold in reported transactions on August 17, 2026

Direct holdings after transactions 1,003,969 shares Class A ordinary shares held directly by Feng Zhimin after reported transactions

Rule 10b5-1 plan adoption date March 26, 2026 Adoption date of BVI entity’s Rule 10b5-1 trading plan

Key Terms

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

4 terms

Rule 10b5-1 trading plan regulatory

"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted"

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"

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.

indirect financial

"direct_or_indirect": "I","nature_of_ownership": "By BVI entity"

Class A ordinary shares financial

"security_title": "Class A ordinary shares"

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.

FAQ

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

What insider transaction did Sea Ltd (SE) disclose for President Feng Zhimin?

Sea Ltd disclosed that President Feng Zhimin, via a controlled BVI entity, sold 8,423 Class A ordinary shares on August 17, 2026. These sales were reported as open-market or private transactions executed under a Rule 10b5-1 trading plan.

At what prices were the Sea Ltd (SE) shares sold by Feng Zhimin on August 17, 2026?

Feng Zhimin’s BVI entity sold shares at weighted average prices of about $120.23 and $121.10. The first trade reflected prices from $120.00 to $120.71, and the second from $121.07 to $121.13, as disclosed in the footnotes.

How many Sea Ltd (SE) shares did Feng Zhimin sell in each transaction?

On August 17, 2026, the BVI entity associated with Feng Zhimin sold 7,856 Class A ordinary shares at a weighted average of $120.23 and another 567 shares at a weighted average of $121.10, totaling 8,423 shares disposed.

Does the Sea Ltd (SE) Form 4 indicate use of a Rule 10b5-1 trading plan?

Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Feng Zhimin. The plan adoption date is given as March 26, 2026, and the plan status box is affirmed.

What are President Feng Zhimin’s reported Sea Ltd (SE) holdings after these transactions?

The Form 4 reports that after the disclosed transactions, 1,003,969 Class A ordinary shares are held directly by Feng Zhimin. The sold shares were held indirectly through a BVI entity, which is separately identified in the filing.

Were Feng Zhimin’s Sea Ltd (SE) share sales direct or through an entity?

The sales were reported as indirect ownership transactions, executed by a BVI entity controlled by Feng Zhimin. The Form 4 characterizes these as indirect holdings, while separately listing his direct Class A ordinary share position after the trades.

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

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Available on EDGAR 08/19/2026 - 06:05 AM EDT Accepted by SEC EDGAR 08/19/2026 - 06:03 AM EDT Learn about SEC filing dates

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^*

Feng Zhimin

(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)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026

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	08/17/2026		S		7,856(1)	D	$120.23(2)	232,144	I	By BVI entity
Class A ordinary shares	08/17/2026		S		567(1)	D	$121.1(3)	231,577	I	By BVI entity
Class A ordinary shares								1,003,969	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 March 26, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $120.00 to $120.71. 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 $121.07 to $121.13.

	/s/ Emily Tan, attorney-in-fact for Zhimin Feng	08/19/2026
	** 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)