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  4. [Form 4] Sea Ltd Insider Trading Activity

Sea COO Ye Gang sells 40,000 shares in plan trade

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Sea Ltd (SE) director and COO Ye Gang reported that a BVI entity he controls sold a total of 40,000 Class A ordinary shares on September 2–3, 2026, in open-market transactions under a Rule 10b5-1 trading plan, at weighted-average prices between about $111.49 and $114.32. Ye Gang continues to hold 20,976,405 Class A ordinary shares directly.

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Insider Ye Gang
Role COO
Sold 40,000 shs ($4.52M)
Type Security Shares Price Value
Sale Class A ordinary shares F1, F4 2,300 $112.14 $258K
Sale Class A ordinary shares F1, F5 10,104 $113.15 $1.14M
Sale Class A ordinary shares F1, F6 7,596 $113.93 $865K
Sale Class A ordinary shares F1, F2 9,168 $112.23 $1.03M
Sale Class A ordinary shares F1, F3 10,832 $112.67 $1.22M
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 218,792 shares (Indirect, By BVI entity); Class A ordinary shares — 20,976,405 shares (Direct)
Footnotes (6)
  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 September 4, 2025.
  2. F2. Represents the weighted average price of shares sold at prices that ranged from $111.49 to $112.48. 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 $112.49 to $113.09.
  4. F4. Represents the weighted average price of shares sold at prices that ranged from $111.53 to $112.51.
  5. F5. Represents the weighted average price of shares sold at prices that ranged from $112.55 to $113.52.
  6. F6. Represents the weighted average price of shares sold at prices that ranged from $113.53 to $114.32.
Total shares sold 40,000 Class A ordinary shares Open-market sales by a BVI entity controlled by Ye Gang on September 2–3, 2026
Shares sold September 2, 2026 19,, Class A ordinary shares Two sale tranches of 9,168 and 10,832 shares
Shares sold September 3, 2026 21,, Class A ordinary shares Three sale tranches of 2,300, 10,104 and 7,596 shares
Representative weighted average sale price $112.23 per share One September 2, 2026 tranche, with individual prices from $111.49 to $112.48
Highest reported weighted average sale price $113.93 per share September 3, 2026 tranche with individual prices from $113.53 to $114.32
Direct holdings after transactions 20,976,405 Class A ordinary shares Directly held by Ye Gang as of September 2, 2026
Rule 10b5-1 plan adoption date September 4, 2025 Adoption date of the trading plan used for the reported sales
Rule 10b5-1 trading plan regulatory
"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."
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 that ranged from $111.49 to $112.48."
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.
Class A ordinary shares financial
"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.
BVI entity financial
"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person"

FAQ

What insider transaction did Sea Ltd (SE) report for Ye Gang?
Sea Ltd reported that director and COO Ye Gang, through a controlled BVI entity, sold 40,000 Class A ordinary shares in open-market transactions on September 2–3, 2026, as disclosed in a Form 4 filing.

At what prices were Sea Ltd (SE) shares sold in Ye Gang’s September 2026 transactions?
The reported sales used weighted average prices. On September 2 and 3, 2026, the weighted averages were around $112.23, $112.67, $112.14, $113.15 and $113.93, based on price ranges from about $111.49 to $114.32.

How many Sea Ltd (SE) shares does Ye Gang hold after the reported sales?
After the reported transactions, Ye Gang is shown as holding 20,976,405 Class A ordinary shares directly. The 40,000 shares sold were held indirectly through a BVI entity he controls.

Were Ye Gang’s Sea Ltd (SE) share sales made under a Rule 10b5-1 plan?
Yes. The filing states that the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Ye Gang on September 4, 2025.

Who actually executed the Sea Ltd (SE) share sales reported for Ye Gang?
The sales were executed by a BVI entity controlled by Ye Gang. The Form 4 notes that the Class A ordinary shares sold were held indirectly "by BVI entity" associated with the reporting person.

How many Sea Ltd (SE) shares did Ye Gang’s controlled entity sell on each day?
On September 2, 2026, the controlled BVI entity sold 9,168 and 10,832 shares. On September 3, 2026, it sold 2,300, 10,104 and 7,596 shares, for a total of 40,000 Class A ordinary shares.

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SEC Form 4
FORM 4UNITED 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*
Ye Gang
(Last)(First)(Middle)
C/O 1 FUSIONOPOLIS PLACE,
#17-10, GALAXIS
(Street)
SINGAPORE138522
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/02/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A ordinary shares09/02/2026S9,168(1)D$112.23(2)249,624IBy BVI entity
Class A ordinary shares09/02/2026S10,832(1)D$112.67(3)238,792IBy BVI entity
Class A ordinary shares09/03/2026S2,300(1)D$112.14(4)236,492IBy BVI entity
Class A ordinary shares09/03/2026S10,104(1)D$113.15(5)226,388IBy BVI entity
Class A ordinary shares09/03/2026S7,596(1)D$113.93(6)218,792IBy BVI entity
Class A ordinary shares20,976,405D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 September 4, 2025.
2. Represents the weighted average price of shares sold at prices that ranged from $111.49 to $112.48. 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 $112.49 to $113.09.
4. Represents the weighted average price of shares sold at prices that ranged from $111.53 to $112.51.
5. Represents the weighted average price of shares sold at prices that ranged from $112.55 to $113.52.
6. Represents the weighted average price of shares sold at prices that ranged from $113.53 to $114.32.
/s/ Mark Tang, attorney-in-fact for Gang Ye09/04/2026
** Signature of Reporting PersonDate
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