STOCK TITAN

Sea Ltd (NYSE: SE) COO Ye Gang logs 40,000-share 10b5-1 sale

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

Rhea-AI Filing Summary

Sea Ltd COO and director Ye Gang, through a BVI entity he controls, reported open-market sales of 40,000 Class A ordinary shares on July 14-15, 2026 under a Rule 10b5-1 trading plan, at prices between $109.00 and $114.21 per share.

As reported, he holds 21,636,405 Class A shares directly, in addition to an indirect stake through the BVI entity.

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Insights

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Insider Ye Gang
Role COO
Sold 40,000 shs ($4.44M)
Type Security Shares Price Value
Sale Class A ordinary shares 225 $109.07 $25K
Sale Class A ordinary shares 4,252 $110.76 $471K
Sale Class A ordinary shares 4,055 $111.60 $453K
Sale Class A ordinary shares 4,721 $112.57 $531K
Sale Class A ordinary shares 5,222 $113.55 $593K
Sale Class A ordinary shares 1,525 $114.21 $174K
Sale Class A ordinary shares 7,956 $109.00 $867K
Sale Class A ordinary shares 9,147 $109.67 $1.00M
Sale Class A ordinary shares 2,849 $110.73 $315K
Sale Class A ordinary shares 48 $111.43 $5K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 379,775 shares (Indirect, By BVI entity); Class A ordinary shares — 21,636,405 shares (Direct)
Footnotes (1)
  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. Represents the weighted average price of shares sold at prices that ranged from $108.33 to $109.32. 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 $109.33 to $110.32. Represents the weighted average price of shares sold at prices that ranged from $110.33 to $111.28. Represents the weighted average price of shares sold at prices that ranged from $111.40 to $111.48. Represents the weighted average price of shares sold at prices that ranged from $109.07 to $109.18. Represents the weighted average price of shares sold at prices that ranged from $110.20 to $111.065. Represents the weighted average price of shares sold at prices that ranged from $111.07 to $112.065. Represents the weighted average price of shares sold at prices that ranged from $112.07 to $113.06. Represents the weighted average price of shares sold at prices that ranged from $113.07 to $114.06. Represents the weighted average price of shares sold at prices that ranged from $114.07 to $114.61.
Shares sold 40,000 shares Open-market sales of Sea Ltd Class A ordinary shares on July 14-15, 2026
Sale price range $109.00–$114.21 per share Prices for reported open-market sales of Class A ordinary shares
Direct holdings 21,636,405 shares Class A ordinary shares held directly by Ye Gang as of July 14, 2026
Sale transactions 10 Number of open-market sale entries in the Form 4 transaction summary
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.
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.
Class A ordinary shares financial
"security_title: Class A ordinary shares, transaction_type: non-derivative"
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.
indirect ownership financial
"direct_or_indirect: I, nature_of_ownership: By BVI entity"
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FAQ

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

COO and director Ye Gang, via a controlled BVI entity, reported open-market sales of 40,000 Sea Ltd Class A shares on July 14-15, 2026. The trades were executed under a Rule 10b5-1 trading plan at prices between $109.00 and $114.21 per share.

At what prices were Ye Gang’s Sea Ltd (SE) shares sold?

The BVI entity controlled by Ye Gang sold Sea Ltd Class A shares at prices between $109.00 and $114.21 per share. Individual transactions used weighted average prices disclosed for narrower ranges within this overall band.

How many Sea Ltd (SE) shares does Ye Gang report holding directly?

Ye Gang reports direct ownership of 21,636,405 Class A ordinary shares of Sea Ltd. These are separate from the shares held indirectly through a BVI entity that conducted the open-market sales described in the Form 4.

Were Ye Gang’s Sea Ltd (SE) sales made under a Rule 10b5-1 plan?

Yes. The shares were sold under a Rule 10b5-1 trading plan adopted on September 4, 2025 by a BVI entity controlled by Ye Gang. Such plans pre-schedule trades, reducing the significance of short-term market timing.

How many sale transactions did Ye Gang’s latest Sea Ltd (SE) Form 4 include?

The Form 4 lists 10 open-market sale transactions, all in Sea Ltd Class A ordinary shares, plus one entry reflecting a direct holding balance. In total, these sales amounted to 40,000 shares with no reported purchases or derivative exercises.

Does Ye Gang’s Sea Ltd (SE) Form 4 show any derivative or tax-withholding transactions?

No. The Form 4 shows no derivative transactions, gifts, or tax-withholding dispositions. It reports only open-market sales of Class A ordinary shares by the BVI entity and a separate entry showing Ye Gang’s direct shareholding balance.
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)
07/14/2026
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 shares07/14/2026S7,956(1)D$109(2)392,044IBy BVI entity
Class A ordinary shares07/14/2026S9,147(1)D$109.67(3)382,897IBy BVI entity
Class A ordinary shares07/14/2026S2,849(1)D$110.73(4)380,048IBy BVI entity
Class A ordinary shares07/14/2026S48(1)D$111.43(5)380,000IBy BVI entity
Class A ordinary shares07/15/2026S225(1)D$109.07(6)379,775IBy BVI entity
Class A ordinary shares07/15/2026S4,252(1)D$110.76(7)375,523IBy BVI entity
Class A ordinary shares07/15/2026S4,055(1)D$111.6(8)371,468IBy BVI entity
Class A ordinary shares07/15/2026S4,721(1)D$112.57(9)366,747IBy BVI entity
Class A ordinary shares07/15/2026S5,222(1)D$113.55(10)361,525IBy BVI entity
Class A ordinary shares07/15/2026S1,525(1)D$114.21(11)360,000IBy BVI entity
Class A ordinary shares21,636,405D
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 $108.33 to $109.32. 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 $109.33 to $110.32.
4. Represents the weighted average price of shares sold at prices that ranged from $110.33 to $111.28.
5. Represents the weighted average price of shares sold at prices that ranged from $111.40 to $111.48.
6. Represents the weighted average price of shares sold at prices that ranged from $109.07 to $109.18.
7. Represents the weighted average price of shares sold at prices that ranged from $110.20 to $111.065.
8. Represents the weighted average price of shares sold at prices that ranged from $111.07 to $112.065.
9. Represents the weighted average price of shares sold at prices that ranged from $112.07 to $113.06.
10. Represents the weighted average price of shares sold at prices that ranged from $113.07 to $114.06.
11. Represents the weighted average price of shares sold at prices that ranged from $114.07 to $114.61.
/s/ Mark Tang, attorney-in-fact for Gang Ye07/16/2026
** 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)