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  4. [Form 4] Sea Ltd Insider Trading Activity

Sea (NYSE: SE) COO Ye Gang sells 20,000 shares under 10b5-1

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

Rhea-AI Filing Summary

Sea Ltd COO Ye Gang, through a BVI entity he controls, reported open-market sales of 20,000 Class A ordinary shares of Sea Ltd (SE) on May 26–27, 2026. The trades were executed at prices ranging from about $88 to $94 per share under a pre-arranged Rule 10b5-1 trading plan.

After these sales, the filing shows 220,000 shares held indirectly by the BVI entity and 22,206,405 shares held directly. The 10b5-1 plan indicates the transactions were scheduled in advance rather than timed discretionarily.

Positive

  • None.

Negative

  • None.
Insider Ye Gang
Role COO
Sold 20,000 shs ($1.82M)
Type Security Shares Price Value
Sale Class A ordinary shares 1,451 $89.44 $130K
Sale Class A ordinary shares 908 $90.15 $82K
Sale Class A ordinary shares 951 $91.53 $87K
Sale Class A ordinary shares 1,406 $92.29 $130K
Sale Class A ordinary shares 3,717 $93.32 $347K
Sale Class A ordinary shares 1,567 $94.09 $147K
Sale Class A ordinary shares 560 $88.02 $49K
Sale Class A ordinary shares 4,793 $89.11 $427K
Sale Class A ordinary shares 4,647 $90.02 $418K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 220,000 shares (Indirect, By BVI entity); Class A ordinary shares — 22,206,405 shares (Direct)
Footnotes (10)
  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 $87.60 to $88.55. 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 $88.60 to $89.595.
  4. F4. Represents the weighted average price of shares sold at prices that ranged from $89.60 to $90.58.
  5. F5. Represents the weighted average price of shares sold at prices that ranged from $88.86 to $89.85.
  6. F6. Represents the weighted average price of shares sold at prices that ranged from $89.87 to $90.48.
  7. F7. Represents the weighted average price of shares sold at prices that ranged from $90.95 to $91.84.
  8. F8. Represents the weighted average price of shares sold at prices that ranged from $91.94 to $92.85.
  9. F9. Represents the weighted average price of shares sold at prices that ranged from $92.88 to $93.858.
  10. F10. Represents the weighted average price of shares sold at prices that ranged from $93.86 to $94.25.
Shares sold 20,000 shares Net open-market sales of Class A ordinary shares
Sale price example $94.09 per share One reported transaction price on May 27, 2026
Sale price example $88.02 per share One reported transaction price on May 26, 2026
Indirect holdings after sales 228,549 shares Class A ordinary shares held by BVI entity after transactions
Direct holdings snapshot 22,206,405 shares Direct Class A ordinary shares as of May 26, 2026
Reported sell transactions 9 sales Non-derivative open-market sales recorded in the filing
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 $87.60 to $88.55."
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""

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FAQ

What insider transaction did Sea Ltd (SE) report for COO Ye Gang?
Sea Ltd reported that COO Ye Gang, via a controlled BVI entity, sold 20,000 Class A ordinary shares. The open-market sales occurred on May 26–27, 2026, at prices generally between about $88 and $94 per share.

At what prices did Sea Ltd (SE) COO Ye Gang’s shares sell?
The reported Sea Ltd sales were executed at weighted average prices around $88–$94 per share. Detailed footnotes state price ranges from $87.60 up to $94.25, with full breakdowns of individual trade prices available upon request from the reporting person.

How many Sea Ltd (SE) shares did COO Ye Gang sell in this Form 4?
The Form 4 shows total net sales of 20,000 Class A ordinary shares of Sea Ltd. These were completed through several open-market transactions spread over two days, rather than a single block trade, by a BVI entity controlled by Ye Gang.

Were Sea Ltd (SE) COO Ye Gang’s share sales 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. Such plans pre-schedule trades, indicating the transactions were arranged in advance rather than timed opportunistically.

How many Sea Ltd (SE) shares does COO Ye Gang hold after these sales?
After the reported transactions, the filing lists 228,549 Sea Ltd Class A shares held indirectly through the BVI entity and 22,206,405 shares held directly. These post-transaction balances provide context for the 20,000 shares sold during this period.

Did Sea Ltd (SE) COO Ye Gang trade derivatives in this Form 4?
No derivative transactions are shown in this Form 4. The derivative summary reports zero derivative exercises or other derivative trades, indicating only non-derivative Class A ordinary share sales were reported for this period.
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)
SINGAPORESINGAPORE138522
(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)
05/26/2026		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 shares05/26/2026S560(1)D$88.02(2)239,440IBy BVI entity
Class A ordinary shares05/26/2026S4,793(1)D$89.11(3)234,647IBy BVI entity
Class A ordinary shares05/26/2026S4,647(1)D$90.02(4)230,000IBy BVI entity
Class A ordinary shares05/27/2026S1,451(1)D$89.44(5)228,549IBy BVI entity
Class A ordinary shares05/27/2026S908(1)D$90.15(6)227,641IBy BVI entity
Class A ordinary shares05/27/2026S951(1)D$91.53(7)226,690IBy BVI entity
Class A ordinary shares05/27/2026S1,406(1)D$92.29(8)225,284IBy BVI entity
Class A ordinary shares05/27/2026S3,717(1)D$93.32(9)221,567IBy BVI entity
Class A ordinary shares05/27/2026S1,567(1)D$94.09(10)220,000IBy BVI entity
Class A ordinary shares22,206,405D
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 $87.60 to $88.55. 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 $88.60 to $89.595.
4. Represents the weighted average price of shares sold at prices that ranged from $89.60 to $90.58.
5. Represents the weighted average price of shares sold at prices that ranged from $88.86 to $89.85.
6. Represents the weighted average price of shares sold at prices that ranged from $89.87 to $90.48.
7. Represents the weighted average price of shares sold at prices that ranged from $90.95 to $91.84.
8. Represents the weighted average price of shares sold at prices that ranged from $91.94 to $92.85.
9. Represents the weighted average price of shares sold at prices that ranged from $92.88 to $93.858.
10. Represents the weighted average price of shares sold at prices that ranged from $93.86 to $94.25.
/s/ Mark Tang, attorney-in-fact for Gang Ye05/28/2026
** 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