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

Yes. The footnotes state 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-schedule trades, suggesting the timing was not decided at the last minute.

Sea COO’s entity sells 20,000 Sea Ltd shares

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

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Sea Ltd director and COO Ye Gang reported indirect open-market sales of 20,000 Class A ordinary shares through a BVI entity he controls. The trades occurred on June 16–17, 2026 at prices ranging from about $86.28 to $93.73 under a pre-arranged Rule 10b5-1 trading plan.

After these transactions, the filing shows 22,206,405 Class A ordinary shares held directly and 70,000 shares held indirectly via the BVI entity. The sales represent a small portion of his overall disclosed holdings.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares

Net Sell 11 txns

Insider Ye Gang

Role COO

Sold 20,000 shs ($1.79M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	752	$88.76	$67K
Sale	Class A ordinary shares	1,383	$90.24	$125K
Sale	Class A ordinary shares	2,614	$90.92	$238K
Sale	Class A ordinary shares	1,854	$92.24	$171K
Sale	Class A ordinary shares	3,293	$92.84	$306K
Sale	Class A ordinary shares	104	$93.61	$10K
Sale	Class A ordinary shares	3,890	$86.92	$338K
Sale	Class A ordinary shares	4,640	$87.61	$407K
Sale	Class A ordinary shares	855	$88.55	$76K
Sale	Class A ordinary shares	615	$89.75	$55K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 70,000 shares (Indirect, By BVI entity); Class A ordinary shares — 22,206,405 shares (Direct)

Footnotes (11)

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 $86.28 to $87.277. 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 $87.28 to $88.26.
F4. Represents the weighted average price of shares sold at prices that ranged from $88.28 to $89.26.
F5. Represents the weighted average price of shares sold at prices that ranged from $89.30 to $90.25.
F6. Represents the weighted average price of shares sold at prices that ranged from $88.53 to $89.50.
F7. Represents the weighted average price of shares sold at prices that ranged from $89.53 to $90.51.
F8. Represents the weighted average price of shares sold at prices that ranged from $90.54 to $91.51.
F9. Represents the weighted average price of shares sold at prices that ranged from $91.55 to $92.528.
F10. Represents the weighted average price of shares sold at prices that ranged from $92.53 to $93.47.
F11. Represents the weighted average price of shares sold at prices that ranged from $93.54 to $93.73.

Key Figures

Shares sold: 20,000 shares Sale price range: $86.28–$93.73 per share Direct holdings after: 22,206,405 shares +3 more

6 metrics

Shares sold 20,000 shares Net open-market sales reported on June 16–17, 2026

Sale price range $86.28–$93.73 per share Weighted average price ranges from Form 4 footnotes

Direct holdings after 22,206,405 shares Class A ordinary shares held directly as of June 16, 2026

Indirect holdings after 70,000 shares Class A ordinary shares held indirectly via BVI entity after trades

Trades under 10b5-1 plan Rule 10b5-1 plan adopted Sept 4, 2025 Plan adopted by BVI entity controlled by Ye Gang

Individual sale price example $93.61 per share 104-share open-market sale on June 17, 2026

Key Terms

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

4 terms

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"

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 $86.28 to $87.277"

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" in each non-derivative transaction entry"

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

"a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person"

FAQ

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

What insider activity did Sea Ltd (SE) disclose for Ye Gang?

Sea Ltd reported that a BVI entity controlled by COO and director Ye Gang sold 20,000 Class A ordinary shares in open-market transactions. These trades were executed over June 16–17, 2026, and are recorded as indirect sales on his Form 4 filing.

How many Sea Ltd (SE) shares did Ye Gang sell and at what prices?

The filing shows indirect sales totaling 20,000 Class A ordinary shares. Reported weighted average prices ranged from about $86.28 to $93.73 across several trades, with individual transaction prices such as $87.61, $89.75, $92.84, and $93.61 per share.

How many Sea Ltd (SE) shares does Ye Gang hold after these transactions?

After the reported sales, the Form 4 shows Ye Gang holding 22,206,405 Class A ordinary shares directly. It also reports 70,000 additional shares held indirectly through a BVI entity, reflecting his remaining beneficial ownership disclosed in this filing.

Are Ye Gang’s Sea Ltd (SE) sales direct or through another entity?

The sales are reported as indirect. The Form 4 states the shares were held and sold by a BVI entity, with Ye Gang as the controlling person. His direct holdings are listed separately from these indirect transactions in the ownership table.

What type of security did Ye Gang trade in Sea Ltd (SE)?

All reported transactions involve Sea Ltd Class A ordinary shares. The Form 4 lists each entry as non-derivative securities, meaning they are the company’s ordinary shares rather than options, warrants, or other derivative instruments.

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 06/18/2026 - 06:09 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)
06/16/2026

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	06/16/2026		S		3,890⁽¹⁾	D	$86.92⁽²⁾	86,110	I	By BVI entity
Class A ordinary shares	06/16/2026		S		4,640⁽¹⁾	D	$87.61⁽³⁾	81,470	I	By BVI entity
Class A ordinary shares	06/16/2026		S		855⁽¹⁾	D	$88.55⁽⁴⁾	80,615	I	By BVI entity
Class A ordinary shares	06/16/2026		S		615⁽¹⁾	D	$89.75⁽⁵⁾	80,000	I	By BVI entity
Class A ordinary shares	06/17/2026		S		752⁽¹⁾	D	$88.76⁽⁶⁾	79,248	I	By BVI entity
Class A ordinary shares	06/17/2026		S		1,383⁽¹⁾	D	$90.24⁽⁷⁾	77,865	I	By BVI entity
Class A ordinary shares	06/17/2026		S		2,614⁽¹⁾	D	$90.92⁽⁸⁾	75,251	I	By BVI entity
Class A ordinary shares	06/17/2026		S		1,854⁽¹⁾	D	$92.24⁽⁹⁾	73,397	I	By BVI entity
Class A ordinary shares	06/17/2026		S		3,293⁽¹⁾	D	$92.84⁽¹⁰⁾	70,104	I	By BVI entity
Class A ordinary shares	06/17/2026		S		104⁽¹⁾	D	$93.61⁽¹¹⁾	70,000	I	By BVI entity
Class A ordinary shares								22,206,405	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 $86.28 to $87.277. 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 $87.28 to $88.26.

4. Represents the weighted average price of shares sold at prices that ranged from $88.28 to $89.26.

5. Represents the weighted average price of shares sold at prices that ranged from $89.30 to $90.25.

6. Represents the weighted average price of shares sold at prices that ranged from $88.53 to $89.50.

7. Represents the weighted average price of shares sold at prices that ranged from $89.53 to $90.51.

8. Represents the weighted average price of shares sold at prices that ranged from $90.54 to $91.51.

9. Represents the weighted average price of shares sold at prices that ranged from $91.55 to $92.528.

10. Represents the weighted average price of shares sold at prices that ranged from $92.53 to $93.47.

11. Represents the weighted average price of shares sold at prices that ranged from $93.54 to $93.73.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	06/18/2026
	** 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