Were the Sea Ltd (SE) share sales made under a trading plan?

Yes. The BVI entity’s sales were made pursuant to a Rule 10b5-1 trading plan adopted March 26, 2026.

What were the reported weighted average prices for the Sea Ltd (SE) share sales?

The weighted average prices were $100.69, $101.69 and $102.66 per share on September 21, 2026, and $102.85 and $103.80 per share on September 22, 2026.

Sea Ltd CCO Wang sells 2,400 shares under plan

Q: How many Sea Ltd (SE) Class A ordinary shares were listed as held directly?

A separate holding entry lists 1,033,642 Class A ordinary shares held directly on September 21, 2026.

The BVI entity made the reported sales pursuant to a Rule 10b5-1 trading plan adopted March 26, 2026.

Available on EDGAR 09/23/2026 - 06:03 AM EDT Accepted by SEC EDGAR 09/23/2026 - 06:02 AM EDT

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 (symbol: SE) is the issuer of record for a Form 4 filing submitted to the SEC. Sea Ltd CCO and GC Wang Yanjun reported that a BVI entity he controls sold 2,400 Class A ordinary shares on September 21 and 22, 2026, under a Rule 10b5-1 trading plan adopted March 26, 2026. Weighted average prices were $100.69, $101.69 and $102.66 on September 21, and $102.85 and $103.80 on September 22. A separate entry lists 1,033,642 Class A ordinary shares held directly on September 21, 2026.

Insider Trade Summary 10b5-1

Net Seller: 2,400 shares

Net Sell 5 txns

Insider Wang Yanjun

Role CCO and GC

Sold 2,400 shs ($247K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares ^{F1, F5}	365	$102.85	$38K
Sale	Class A ordinary shares ^{F1, F6}	835	$103.80	$87K
Sale	Class A ordinary shares ^{F1, F2}	100	$100.69	$10K
Sale	Class A ordinary shares ^{F1, F3}	616	$101.69	$63K
Sale	Class A ordinary shares ^{F1, F4}	484	$102.66	$50K
Holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 96,380 shares (Indirect, By BVI entity); Class A ordinary shares — 1,033,642 shares (Direct)

Footnotes (6)

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 $100.28 to $101.26. 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 $101.28 to $102.27.
F4. Represents the weighted average price of shares sold at prices that ranged from $102.28 to $103.28.
F5. Represents the weighted average price of shares sold at prices that ranged from $102.41 to $103.35.
F6. Represents the weighted average price of shares sold at prices that ranged from $103.41 to $104.40.

Key Figures

Class A ordinary shares sold: 2,400 shares Weighted average sale price: 100 shares at $100.69 per share Weighted average sale price: 616 shares at $101.69 per share +4 more

7 metrics

Class A ordinary shares sold 2,400 shares Five transactions on September 21 and 22, 2026

Weighted average sale price 100 shares at $100.69 per share September 21, 2026

Weighted average sale price 616 shares at $101.69 per share September 21, 2026

Weighted average sale price 484 shares at $102.66 per share September 21, 2026

Weighted average sale price 365 shares at $102.85 per share September 22, 2026

Weighted average sale price 835 shares at $103.80 per share September 22, 2026

Direct Class A ordinary shares held 1,033,642 shares September 21, 2026

Key Terms

Rule 10b5-1 trading plan, weighted average price, BVI entity

3 terms

Rule 10b5-1 trading plan technical

"sold pursuant to a Rule 10b5-1 trading plan"

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"

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.

BVI entity technical

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

FAQ

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

What did Sea Ltd (SE) insider Wang Yanjun sell in September 2026?

A BVI entity controlled by Wang Yanjun, Sea Ltd’s CCO and GC, sold 2,400 Class A ordinary shares in five transactions on September 21 and 22, 2026.

How many Sea Ltd (SE) Class A ordinary shares were listed as held directly?

A separate holding entry lists 1,033,642 Class A ordinary shares held directly on September 21, 2026.

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

Form 4 Insider Transactions: What Each Field Means →

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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)
09/21/2026

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	09/21/2026		S		100⁽¹⁾	D	$100.69⁽²⁾	98,680	I	By BVI entity
Class A ordinary shares	09/21/2026		S		616⁽¹⁾	D	$101.69⁽³⁾	98,064	I	By BVI entity
Class A ordinary shares	09/21/2026		S		484⁽¹⁾	D	$102.66⁽⁴⁾	97,580	I	By BVI entity
Class A ordinary shares	09/22/2026		S		365⁽¹⁾	D	$102.85⁽⁵⁾	97,215	I	By BVI entity
Class A ordinary shares	09/22/2026		S		835⁽¹⁾	D	$103.8⁽⁶⁾	96,380	I	By BVI entity
Class A ordinary shares								1,033,642	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 $100.28 to $101.26. 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 $101.28 to $102.27.

4. Represents the weighted average price of shares sold at prices that ranged from $102.28 to $103.28.

5. Represents the weighted average price of shares sold at prices that ranged from $102.41 to $103.35.

6. Represents the weighted average price of shares sold at prices that ranged from $103.41 to $104.40.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	09/23/2026
	** 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