Sea (NYSE: SE) CPO sells 1,600 Class A shares via 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd Chief Product Officer of Shopee, Chen Jingye, reported open-market sales of 1,600 Class A ordinary shares of Sea over May 12–13, 2026. The shares were sold indirectly by a BVI entity controlled by him under a pre-arranged Rule 10b5-1 trading plan adopted on August 28, 2025, at weighted average prices generally in the mid‑$90s per share. After these transactions, a separate entry shows 9,075,774 Class A shares held directly, indicating a much larger continuing stake.

Insider Trade Summary 10b5-1

Net Seller: 1,600 shares ($152,129)

Net Sell 14 txns

Insider Chen Jingye

Role CPO, Shopee

Sold 1,600 shs ($152K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	425	$93.74	$40K
Sale	Class A ordinary shares	231	$94.98	$22K
Sale	Class A ordinary shares	87	$95.91	$8K
Sale	Class A ordinary shares	24	$96.87	$2K
Sale	Class A ordinary shares	15	$97.88	$1K
Sale	Class A ordinary shares	15	$98.83	$1K
Sale	Class A ordinary shares	3	$99.45	$298.35
Sale	Class A ordinary shares	9	$92.02	$828.18
Sale	Class A ordinary shares	18	$92.94	$2K
Sale	Class A ordinary shares	210	$94.04	$20K
Sale	Class A ordinary shares	159	$94.76	$15K
Sale	Class A ordinary shares	66	$95.99	$6K
Sale	Class A ordinary shares	338	$96.98	$33K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 209,175 shares (Indirect, By BVI entity); Class A ordinary shares — 9,075,774 shares (Direct, null)

Footnotes (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. Represents the weighted average price of shares sold at prices that ranged from $91.44 to $92.43. 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. Represents the weighted average price of shares sold at prices that ranged from $92.67 to $93.39. Represents the weighted average price of shares sold at prices that ranged from $93.46 to $94.43. Represents the weighted average price of shares sold at prices that ranged from $94.44 to $95.42. Represents the weighted average price of shares sold at prices that ranged from $95.44 to $96.43. Represents the weighted average price of shares sold at prices that ranged from $96.50 to $97.11. Represents the weighted average price of shares sold at prices that ranged from $93.44 to $94.42. Represents the weighted average price of shares sold at prices that ranged from $94.44 to $95.43. Represents the weighted average price of shares sold at prices that ranged from $95.45 to $96.41. Represents the weighted average price of shares sold at prices that ranged from $96.58 to $97.37. Represents the weighted average price of shares sold at prices that ranged from $97.48 to $98.12. Represents the weighted average price of shares sold at prices that ranged from $98.48 to $99.10.

Key Figures

Shares sold: 1,600 shares Price range low: $91.44/share Price range high: $99.10/share +3 more

6 metrics

Shares sold 1,600 shares Total Class A ordinary shares sold May 12–13, 2026

Price range low $91.44/share Lowest weighted-average price range noted in footnotes

Price range high $99.10/share Highest weighted-average price range noted in footnotes

Direct holdings after 9,075,774 shares Class A ordinary shares held directly as of May 12, 2026

Number of sale transactions 13 transactions Non-derivative open-market sale entries in transaction summary

Trading plan adoption date <date>August 28, 2025</date> Rule 10b5-1 plan for BVI entity controlled by reporting person

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 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 for each non-derivative transaction"

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 $91.44 to $92.43"

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

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

open-market sale financial

"transaction_action: open-market sale with transaction code S for each entry"

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.

Form 4 Insider Transactions: What Each Field Means →

05/14/2026 - 06:01 AM

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^*

Chen Jingye

(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)
	CPO, Shopee

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		9⁽¹⁾	D	$92.02⁽²⁾	210,391	I	By BVI entity
Class A ordinary shares	05/12/2026		S		18⁽¹⁾	D	$92.94⁽³⁾	210,373	I	By BVI entity
Class A ordinary shares	05/12/2026		S		210⁽¹⁾	D	$94.04⁽⁴⁾	210,163	I	By BVI entity
Class A ordinary shares	05/12/2026		S		159⁽¹⁾	D	$94.76⁽⁵⁾	210,004	I	By BVI entity
Class A ordinary shares	05/12/2026		S		66⁽¹⁾	D	$95.99⁽⁶⁾	209,938	I	By BVI entity
Class A ordinary shares	05/12/2026		S		338⁽¹⁾	D	$96.98⁽⁷⁾	209,600	I	By BVI entity
Class A ordinary shares	05/13/2026		S		425⁽¹⁾	D	$93.74⁽⁸⁾	209,175	I	By BVI entity
Class A ordinary shares	05/13/2026		S		231⁽¹⁾	D	$94.98⁽⁹⁾	208,944	I	By BVI entity
Class A ordinary shares	05/13/2026		S		87⁽¹⁾	D	$95.91⁽¹⁰⁾	208,857	I	By BVI entity
Class A ordinary shares	05/13/2026		S		24⁽¹⁾	D	$96.87⁽¹¹⁾	208,833	I	By BVI entity
Class A ordinary shares	05/13/2026		S		15⁽¹⁾	D	$97.88⁽¹²⁾	208,818	I	By BVI entity
Class A ordinary shares	05/13/2026		S		15⁽¹⁾	D	$98.83⁽¹³⁾	208,803	I	By BVI entity
Class A ordinary shares	05/13/2026		S		3⁽¹⁾	D	$99.45	208,800	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)
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 August 28, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $91.44 to $92.43. 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 $92.67 to $93.39.

4. Represents the weighted average price of shares sold at prices that ranged from $93.46 to $94.43.

5. Represents the weighted average price of shares sold at prices that ranged from $94.44 to $95.42.

6. Represents the weighted average price of shares sold at prices that ranged from $95.44 to $96.43.

7. Represents the weighted average price of shares sold at prices that ranged from $96.50 to $97.11.

8. Represents the weighted average price of shares sold at prices that ranged from $93.44 to $94.42.

9. Represents the weighted average price of shares sold at prices that ranged from $94.44 to $95.43.

10. Represents the weighted average price of shares sold at prices that ranged from $95.45 to $96.41.

11. Represents the weighted average price of shares sold at prices that ranged from $96.58 to $97.37.

12. Represents the weighted average price of shares sold at prices that ranged from $97.48 to $98.12.

13. Represents the weighted average price of shares sold at prices that ranged from $98.48 to $99.10.

	/s/ Mark Tang, attorney-in-fact for Jingye Chen	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

FAQ

What did Sea (SE) executive Chen Jingye report in this Form 4?

Chen Jingye reported indirect open-market sales of 1,600 Class A ordinary shares of Sea Ltd. The trades occurred over May 12–13, 2026 through a BVI entity he controls, according to the filing’s transaction data and footnotes.

At what prices were the Sea (SE) shares sold in Chen Jingye’s Form 4?

The sales were executed at weighted average prices in several ranges between $91.44 and $99.10 per share. Footnotes explain that detailed breakdowns by exact price within each range are available upon request to the company or SEC staff.

Was Chen Jingye’s sale of Sea (SE) shares made under a trading plan?

Yes. A footnote states the shares were sold under a Rule 10b5-1 trading plan adopted on August 28, 2025 by a BVI entity controlled by him. Such pre-arranged plans automate trading independently of short-term market conditions.

How many Sea (SE) shares did the BVI entity sell in this Form 4?

The BVI entity associated with Chen Jingye sold a total of 1,600 Class A ordinary shares. These were executed as multiple open-market sale transactions, each reported with its own share amount and weighted average price information.

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

A holding entry in the filing shows 9,075,774 Class A ordinary shares held directly as of May 12, 2026. This direct position is separate from the smaller indirect stake traded by the BVI entity in the reported open-market sales.

Does the Form 4 show any option exercises or derivative trades for Sea (SE)?

No. The derivative summary in the filing is empty and the transaction codes are all “S” for non-derivative open-market sales, indicating only common share trades were reported, with no stock option exercises or other derivative transactions.