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

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

What is the scale of Ye Gang’s recent Sea (SE) share sale versus his holdings?

The 20,000 shares sold represent a small fraction of the holdings reported in the filing. Following the transactions, indirect holdings via the BVI entity were 620,000 shares, while a direct position of 21,636,405 Class A ordinary shares was also disclosed as of June 18, 2026.

Sea COO’s entity sells 20K Class A shares

Sea Ltd director and COO Ye Gang reported open-market sales of a total of 20,000 Class A ordinary shares executed by a BVI entity he controls.

Filing Impact

(Very High)

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 director and COO Ye Gang reported open-market sales of a total of 20,000 Class A ordinary shares executed by a BVI entity he controls. The sales occurred on June 18 and June 22, 2026 at weighted average prices around $89–$92 per share under a pre-arranged Rule 10b5-1 trading plan.

After these transactions, the BVI entity’s indirect holdings stood at 620,000 Class A shares, while a separate entry shows 21,636,405 Class A shares held directly as of June 18, 2026, indicating that the reported sales represent a small portion of Ye Gang’s overall reported position.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares

Net Sell 6 txns

Insider Ye Gang

Role COO

Sold 20,000 shs ($1.80M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	5,774	$89.48	$517K
Sale	Class A ordinary shares	4,226	$90.01	$380K
Sale	Class A ordinary shares	1,890	$89.77	$170K
Sale	Class A ordinary shares	6,940	$90.88	$631K
Sale	Class A ordinary shares	1,170	$91.57	$107K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 620,000 shares (Indirect, By BVI entity); Class A ordinary shares — 21,636,405 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 September 4, 2025.
F2. Represents the weighted average price of shares sold at prices that ranged from $89.26 to $90.25. 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 $90.27 to $91.24.
F4. Represents the weighted average price of shares sold at prices that ranged from $91.26 to $92.15.
F5. Represents the weighted average price of shares sold at prices that ranged from $88.80 to $89.79.
F6. Represents the weighted average price of shares sold at prices that ranged from $89.80 to $90.50.

Key Figures

Shares sold: 20,000 shares Sale price example 1: $90.01 per share Sale price example 2: $89.48 per share +4 more

7 metrics

Shares sold 20,000 shares Total Class A ordinary shares sold across reported transactions

Sale price example 1 $90.01 per share Open-market sale of 4,226 shares on June 22, 2026

Sale price example 2 $89.48 per share Open-market sale of 5,774 shares on June 22, 2026

Sale price example 3 $91.57 per share Open-market sale of 1,170 shares on June 18, 2026

Indirect holdings after trades 620,000 shares Class A ordinary shares held indirectly by BVI entity after sales

Direct holdings 21,636,405 shares Class A ordinary shares held directly as of June 18, 2026

Net share direction 20,000 net shares sold Form 4 transaction summary netBuySellShares and net-sell direction

Key Terms

Rule 10b5-1 trading plan, Class A ordinary shares, weighted average price, open-market sale, +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""

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 $89.26 to $90.25."

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.

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.

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "By BVI entity""

FAQ

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

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

Sea reported that a BVI entity controlled by COO and director Ye Gang sold 20,000 Class A ordinary shares. These were open-market sales executed across June 18 and June 22, 2026 under a Rule 10b5-1 trading plan at prices around $89–$92 per share.

How many Sea (SE) shares did the BVI entity linked to Ye Gang sell?

The BVI entity associated with Ye Gang sold a total of 20,000 Class A ordinary shares. Individual trades ranged from 1,170 to 6,940 shares per transaction, with reported weighted average sale prices between roughly $89 and $92 per share over two trading days.

At what prices were Sea (SE) shares sold in Ye Gang’s recent Form 4?

The reported sales occurred at weighted average prices between about $88.80 and $92.15 per share. Specific lines in the filing cite prices such as $89.48, $89.77, $90.01 and $91.57, reflecting multiple trades within narrow intraday price ranges.

How many Sea (SE) shares does Ye Gang report holding after these sales?

After the reported transactions, the BVI entity held 620,000 Class A ordinary shares indirectly. A separate holding entry shows 21,636,405 Class A ordinary shares held directly as of June 18, 2026, indicating substantial remaining exposure to Sea’s equity.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/23/2026 - 06:01 AM EDT

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^*

Ye Gang

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

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	06/18/2026		S		1,890⁽¹⁾	D	$89.77⁽²⁾	638,110	I	By BVI entity
Class A ordinary shares	06/18/2026		S		6,940⁽¹⁾	D	$90.88⁽³⁾	631,170	I	By BVI entity
Class A ordinary shares	06/18/2026		S		1,170⁽¹⁾	D	$91.57⁽⁴⁾	630,000	I	By BVI entity
Class A ordinary shares	06/22/2026		S		5,774⁽¹⁾	D	$89.48⁽⁵⁾	624,226	I	By BVI entity
Class A ordinary shares	06/22/2026		S		4,226⁽¹⁾	D	$90.01⁽⁶⁾	620,000	I	By BVI entity
Class A ordinary shares								21,636,405	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 September 4, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $89.26 to $90.25. 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 $90.27 to $91.24.

4. Represents the weighted average price of shares sold at prices that ranged from $91.26 to $92.15.

5. Represents the weighted average price of shares sold at prices that ranged from $88.80 to $89.79.

6. Represents the weighted average price of shares sold at prices that ranged from $89.80 to $90.50.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	06/23/2026
	** 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