BVI entity tied to Sea CPO sells 1,600 SE shares

Rhea-AI Filing Summary

Sea Ltd chief product officer for Shopee, Chen Jingye, reported open-market sales of a total of 1,600 Class A ordinary shares by a BVI entity controlled by him on April 6–7, 2026. The shares were sold under a pre-arranged Rule 10b5-1 trading plan adopted on August 28, 2025, at prices between about $80.94 and $83.51 per share. Following these transactions, Chen holds 229,600 Class A shares indirectly through the BVI entity and 9,075,774 Class A shares directly.

Insights

Equity compensation and insider-trading analyst

Small, pre-planned insider sales with large remaining stake.

The filing shows a BVI entity controlled by Sea’s Shopee CPO sold 1,600 Class A ordinary shares in open-market trades over two days. All trades were executed under a Rule 10b5-1 plan adopted on August 28, 2025, indicating they were pre-scheduled rather than opportunistic.

After these sales, the insider still holds 229,600 shares indirectly through the BVI entity and 9,075,774 shares directly, so the transactions represent a very small fraction of his overall position. Given the scale and pre-planned nature, this looks like routine portfolio management rather than a thesis-changing signal.

Insider Trade Summary 10b5-1

Net Seller: 1,600 shares

Net Sell 5 txns

Insider Chen Jingye

Role CPO, Shopee

Sold 1,600 shs ($131K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	672	$80.94	$54K
Sale	Class A ordinary shares	128	$81.47	$10K
Sale	Class A ordinary shares	662	$82.87	$55K
Sale	Class A ordinary shares	138	$83.51	$12K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 229,600 shares (Indirect, By BVI entity); Class A ordinary shares — 9,075,774 shares (Direct)

Footnotes (5)

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 August 28, 2025.
2. F2. Represents the weighted average price of shares sold at prices that ranged from $82.31 to $83.30. 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 $83.31 to $84.00.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $80.32 to $81.30.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $81.32 to $81.69.

Key Figures

Shares sold: 1,600 shares Sale prices: $80.94–$83.51 per share Indirect holdings after sale: 229,600 shares +2 more

5 metrics

Shares sold 1,600 shares Net Class A ordinary shares sold on April 6–7, 2026

Sale prices $80.94–$83.51 per share Open-market sale prices for Class A shares

Indirect holdings after sale 229,600 shares Class A shares held indirectly through BVI entity after transactions

Direct holdings after sale 9,075,774 shares Class A shares held directly as of April 6, 2026

Net buy/sell direction Net sale of 1,600 shares transactionSummary netBuySellShares and netBuySellDirection

Key Terms

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

5 terms

Rule 10b5-1 trading plan financial

"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""

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 $82.31 to $83.30."

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 financial

"adopted by a BVI entity controlled by the Reporting Person on August 28, 2025."

open-market sale financial

"transaction_action": "open-market sale""

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.

FAQ

What insider transaction did Sea Ltd (SE) report for Chen Jingye?

Sea Ltd reported that a BVI entity controlled by Shopee CPO Chen Jingye sold 1,600 Class A ordinary shares in open-market trades. The sales occurred on April 6–7, 2026, at prices around the low-$80 range per share.

Were the recent Sea Ltd (SE) insider share sales pre-planned?

Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Chen Jingye on August 28, 2025. Such plans preset trade parameters, reducing the significance of short-term market timing.

How many Sea Ltd (SE) shares does Chen Jingye hold after these transactions?

After the reported sales, Chen Jingye holds 229,600 Class A ordinary shares indirectly through a BVI entity and 9,075,774 Class A ordinary shares directly. This indicates the 1,600 shares sold represent a very small portion of his overall holdings.

At what prices were the Sea Ltd (SE) shares sold in the Form 4 filing?

The Form 4 shows sales at per-share prices of $80.94, $81.47, $82.87 and $83.51. Footnotes explain some prices are weighted averages for trades executed within price ranges, with full trade details available on request to the company or SEC staff.

Who actually executed the Sea Ltd (SE) insider sales reported for Chen Jingye?

The sales were executed by a BVI entity described as controlled by the reporting person, Chen Jingye. The filing classifies these holdings as indirect ownership, distinguishing them from the 9,075,774 Class A shares he holds directly.

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Accepted by SEC EDGAR 04/08/2026 - 06:02 AM 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^*

Chen Jingye

(Last) (First) (Middle)

C/O 1 FUSIONOPOLIS PLACE,

#17-10, GALAXIS

(Street)

SINGAPORE 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)
	CPO, Shopee

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026

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	04/06/2026		S		662(1)	D	$82.87(2)	230,538	I	By BVI entity
Class A ordinary shares	04/06/2026		S		138(1)	D	$83.51(3)	230,400	I	By BVI entity
Class A ordinary shares	04/07/2026		S		672(1)	D	$80.94(4)	229,728	I	By BVI entity
Class A ordinary shares	04/07/2026		S		128(1)	D	$81.47(5)	229,600	I	By BVI entity
Class A ordinary shares								9,075,774	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 August 28, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $82.31 to $83.30. 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 $83.31 to $84.00.

4. Represents the weighted average price of shares sold at prices that ranged from $80.32 to $81.30.

5. Represents the weighted average price of shares sold at prices that ranged from $81.32 to $81.69.

	/s/ Mark Tang, attorney-in-fact for Jingye Chen	04/08/2026
	** 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)