Sea COO-linked entity sells 20,000 shares

Sea Ltd director and COO Ye Gang reported indirect open-market sales of 20,000 Class A ordinary shares over May 12–13, 2026.

Filing Impact

(Very High)

Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Sea Ltd director and COO Ye Gang reported indirect open-market sales of 20,000 Class A ordinary shares over May 12–13, 2026. The trades were executed by a BVI entity controlled by him under a pre-arranged Rule 10b5-1 trading plan. Reported sale prices ranged roughly from the low-$90s to high-$90s per share, with several entries showing weighted average prices such as $98.36 and $93.49 per share. After these transactions, the filing shows direct ownership of 22,206,405 Class A shares and separate indirect holdings by the BVI entity, indicating that the disposals represent a small portion of his overall position.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares

Net Sell 14 txns

Insider Ye Gang

Role COO

Sold 20,000 shs ($1.90M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	4,000	$93.49	$374K
Sale	Class A ordinary shares	2,500	$94.55	$236K
Sale	Class A ordinary shares	2,400	$95.39	$229K
Sale	Class A ordinary shares	600	$96.37	$58K
Sale	Class A ordinary shares	300	$97.75	$29K
Sale	Class A ordinary shares	200	$98.36	$20K
Sale	Class A ordinary shares	100	$91.45	$9K
Sale	Class A ordinary shares	100	$92.67	$9K
Sale	Class A ordinary shares	3,300	$94.06	$310K
Sale	Class A ordinary shares	2,000	$94.83	$190K
Sale	Class A ordinary shares	800	$95.95	$77K
Sale	Class A ordinary shares	3,500	$97.00	$340K
Sale	Class A ordinary shares	200	$97.81	$20K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 310,000 shares (Indirect, By BVI entity); Class A ordinary shares — 22,206,405 shares (Direct)

Footnotes (12)

F1. 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.
F2. Represents the weighted average price of shares sold at prices that ranged from $93.57 to $94.39. 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 $94.47 to $95.36.
F4. Represents the weighted average price of shares sold at prices that ranged from $95.46 to $96.34.
F5. Represents the weighted average price of shares sold at prices that ranged from $96.50 to $97.36.
F6. Represents the weighted average price of shares sold at prices that ranged from $97.70 to $97.92.
F7. Represents the weighted average price of shares sold at prices that ranged from $93.02 to $93.99.
F8. Represents the weighted average price of shares sold at prices that ranged from $94.02 to $95.00.
F9. Represents the weighted average price of shares sold at prices that ranged from $95.07 to $96.00.
F10. Represents the weighted average price of shares sold at prices that ranged from $96.10 to $96.79.
F11. Represents the weighted average price of shares sold at prices that ranged from $97.48 to $97.99.
F12. Represents the weighted average price of shares sold at prices that ranged from $98.12 to $98.60.

Key Figures

Shares sold: 20,000 shares Example sale price: $98.36 per share Example sale price: $93.49 per share +4 more

7 metrics

Shares sold 20,000 shares Net Class A ordinary shares sold across May 12–13, 2026

Example sale price $98.36 per share One non-derivative open-market sale on May 13, 2026

Example sale price $93.49 per share One non-derivative open-market sale on May 13, 2026

Direct holdings after transaction 22,206,405 shares Class A ordinary shares shown in holding entry dated May 12, 2026

Indirect holdings example 316,000 shares Total shares following one indirect transaction by BVI entity

Sell transactions count 13 transactions Non-derivative open-market sales in transaction summary

Net share direction -20,000 shares NetBuySellShares in transaction summary indicating net-sell

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 in multiple non-derivative 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.

weighted average price financial

"Represents the weighted average price of shares sold at prices that ranged from..."

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 for each non-derivative S-code transaction"

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"

FAQ

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

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

Sea Ltd reported that a BVI entity controlled by COO and director Ye Gang sold 20,000 Class A ordinary shares in open-market transactions. These Form 4 sales were executed across multiple trades on May 12–13, 2026 at various market prices.

Over what dates did the Sea Ltd (SE) insider sales by the BVI entity occur?

The insider sales linked to Sea Ltd’s COO Ye Gang occurred on May 12 and May 13, 2026. Multiple separate trades were reported on each date, all involving Class A ordinary shares owned indirectly through a BVI entity he controls.

How many Sea Ltd (SE) shares were sold and at what prices?

The filing shows net sales of 20,000 Sea Ltd Class A ordinary shares. Individual transactions list prices such as $98.36, $97.81, $96.37 and $93.49 per share, with footnotes describing weighted average prices within stated trading ranges.

Were the Sea Ltd (SE) insider sales made under a Rule 10b5-1 plan?

Yes. A footnote states the shares were sold under a Rule 10b5-1 trading plan adopted on September 4, 2025 by a BVI entity controlled by the reporting person. Such plans are pre-arranged, making the timing more routine than discretionary.

What are Ye Gang’s Sea Ltd (SE) shareholdings after these transactions?

After the reported trades, one entry shows direct ownership of 22,206,405 Class A ordinary shares. Separate lines show continuing indirect holdings by the BVI entity, including a reported balance of 316,000 shares following one of the indirect sale transactions.

How significant are the 20,000 Sea Ltd (SE) shares sold relative to Ye Gang’s holdings?

The disclosed 20,000 shares sold are small compared with the Form 4’s direct holding figure of 22,206,405 Class A shares. The filing also reflects additional indirect holdings, so the reported sales represent a minor portion of his total disclosed position.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/14/2026 - 06:01 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^*

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)
05/12/2026

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	05/12/2026		S		100⁽¹⁾	D	$91.45	329,900	I	By BVI entity
Class A ordinary shares	05/12/2026		S		100⁽¹⁾	D	$92.67	329,800	I	By BVI entity
Class A ordinary shares	05/12/2026		S		3,300⁽¹⁾	D	$94.06⁽²⁾	326,500	I	By BVI entity
Class A ordinary shares	05/12/2026		S		2,000⁽¹⁾	D	$94.83⁽³⁾	324,500	I	By BVI entity
Class A ordinary shares	05/12/2026		S		800⁽¹⁾	D	$95.95⁽⁴⁾	323,700	I	By BVI entity
Class A ordinary shares	05/12/2026		S		3,500⁽¹⁾	D	$97⁽⁵⁾	320,200	I	By BVI entity
Class A ordinary shares	05/12/2026		S		200⁽¹⁾	D	$97.81⁽⁶⁾	320,000	I	By BVI entity
Class A ordinary shares	05/13/2026		S		4,000⁽¹⁾	D	$93.49⁽⁷⁾	316,000	I	By BVI entity
Class A ordinary shares	05/13/2026		S		2,500⁽¹⁾	D	$94.55⁽⁸⁾	313,500	I	By BVI entity
Class A ordinary shares	05/13/2026		S		2,400⁽¹⁾	D	$95.39⁽⁹⁾	311,100	I	By BVI entity
Class A ordinary shares	05/13/2026		S		600⁽¹⁾	D	$96.37⁽¹⁰⁾	310,500	I	By BVI entity
Class A ordinary shares	05/13/2026		S		300⁽¹⁾	D	$97.75⁽¹¹⁾	310,200	I	By BVI entity
Class A ordinary shares	05/13/2026		S		200	D	$98.36⁽¹²⁾	310,000	I	By BVI entity
Class A ordinary shares								22,206,405	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 $93.57 to $94.39. 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 $94.47 to $95.36.

4. Represents the weighted average price of shares sold at prices that ranged from $95.46 to $96.34.

5. Represents the weighted average price of shares sold at prices that ranged from $96.50 to $97.36.

6. Represents the weighted average price of shares sold at prices that ranged from $97.70 to $97.92.

7. Represents the weighted average price of shares sold at prices that ranged from $93.02 to $93.99.

8. Represents the weighted average price of shares sold at prices that ranged from $94.02 to $95.00.

9. Represents the weighted average price of shares sold at prices that ranged from $95.07 to $96.00.

10. Represents the weighted average price of shares sold at prices that ranged from $96.10 to $96.79.

11. Represents the weighted average price of shares sold at prices that ranged from $97.48 to $97.99.

12. Represents the weighted average price of shares sold at prices that ranged from $98.12 to $98.60.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	05/14/2026
	** 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