Who actually executed the Sea (SE) share sales reported for Ye Gang?

The sales were made by a BVI entity described as controlled by Ye Gang. The filing classifies these as indirect transactions, with the nature of ownership noted as "By BVI entity," and confirms the shares were sold pursuant to a Rule 10b5-1 trading plan.

Sea (NYSE: SE) insider entity offloads 20,000 pre-planned shares

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd chief operating officer Ye Gang reported indirect open-market sales of a total of 20,000 Class A ordinary shares over April 14–15, 2026. The shares were sold by a BVI entity controlled by him under a pre-arranged Rule 10b5-1 trading plan, at prices ranging from about $85.87 to $90.42 per share. Following these transactions, the filing shows indirect holdings of 320,000 shares through the BVI entity and separate direct ownership of 22,396,405 Class A ordinary shares.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares ($1,767,214)

Net Sell 11 txns

Insider Ye Gang

Role COO

Sold 20,000 shs ($1.77M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	763	$86.26	$66K
Sale	Class A ordinary shares	1,439	$87.73	$126K
Sale	Class A ordinary shares	2,112	$88.10	$186K
Sale	Class A ordinary shares	3,800	$89.50	$340K
Sale	Class A ordinary shares	1,886	$90.42	$171K
Sale	Class A ordinary shares	2,800	$85.87	$240K
Sale	Class A ordinary shares	1,300	$86.91	$113K
Sale	Class A ordinary shares	1,300	$88.28	$115K
Sale	Class A ordinary shares	3,600	$89.02	$320K
Sale	Class A ordinary shares	1,000	$89.80	$90K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 329,237 shares (Indirect, By BVI entity); Class A ordinary shares — 22,396,405 shares (Direct)

Footnotes (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 $85.61 to $86.56. 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 $86.61 to $87.57. Represents the weighted average price of shares sold at prices that ranged from $87.70 to $88.57. Represents the weighted average price of shares sold at prices that ranged from $88.61 to $89.59. Represents the weighted average price of shares sold at prices that ranged from $89.61 to $90.14. Represents the weighted average price of shares sold at prices that ranged from $85.91 to $86.76. Represents the weighted average price of shares sold at prices that ranged from $86.92 to $87.90. Represents the weighted average price of shares sold at prices that ranged from $87.92 to $88.79. Represents the weighted average price of shares sold at prices that ranged from $89.08 to $89.90. Represents the weighted average price of shares sold at prices that ranged from $89.91 to $90.81.

Key Figures

Shares sold: 20,000 shares Lowest reported trade price: $85.87 per share Highest reported trade price: $90.42 per share +5 more

8 metrics

Shares sold 20,000 shares Total Class A ordinary shares sold April 14–15, 2026

Lowest reported trade price $85.87 per share Individual transaction price on April 14, 2026

Highest reported trade price $90.42 per share Individual transaction price on April 15, 2026

Indirect holdings after trades 320,000 shares Class A ordinary shares held via BVI entity after April 15, 2026

Direct holdings 22,396,405 shares Directly held Class A ordinary shares as of April 14, 2026

Net share direction 20,000 net-sell shares Transaction summary net buy/sell direction in this Form 4

Sell transactions count 10 transactions Number of open-market sale entries reported

Rule 10b5-1 plan adoption date September 4, 2025 Date BVI entity’s trading plan was adopted

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"

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.

BVI entity financial

"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity"

Form 4 Insider Transactions: What Each Field Means →

04/16/2026 - 06:06 AM

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)
04/14/2026

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	04/14/2026		S		2,800⁽¹⁾	D	$85.87⁽²⁾	337,200	I	By BVI entity
Class A ordinary shares	04/14/2026		S		1,300⁽¹⁾	D	$86.91⁽³⁾	335,900	I	By BVI entity
Class A ordinary shares	04/14/2026		S		1,300⁽¹⁾	D	$88.28⁽⁴⁾	334,600	I	By BVI entity
Class A ordinary shares	04/14/2026		S		3,600⁽¹⁾	D	$89.02⁽⁵⁾	331,000	I	By BVI entity
Class A ordinary shares	04/14/2026		S		1,000⁽¹⁾	D	$89.8⁽⁶⁾	330,000	I	By BVI entity
Class A ordinary shares	04/15/2026		S		763⁽¹⁾	D	$86.26⁽⁷⁾	329,237	I	By BVI entity
Class A ordinary shares	04/15/2026		S		1,439⁽¹⁾	D	$87.73⁽⁸⁾	327,798	I	By BVI entity
Class A ordinary shares	04/15/2026		S		2,112⁽¹⁾	D	$88.1⁽⁹⁾	325,686	I	By BVI entity
Class A ordinary shares	04/15/2026		S		3,800⁽¹⁾	D	$89.5⁽¹⁰⁾	321,886	I	By BVI entity
Class A ordinary shares	04/15/2026		S		1,886⁽¹⁾	D	$90.42⁽¹¹⁾	320,000	I	By BVI entity
Class A ordinary shares								22,396,405	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 $85.61 to $86.56. 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 $86.61 to $87.57.

4. Represents the weighted average price of shares sold at prices that ranged from $87.70 to $88.57.

5. Represents the weighted average price of shares sold at prices that ranged from $88.61 to $89.59.

6. Represents the weighted average price of shares sold at prices that ranged from $89.61 to $90.14.

7. Represents the weighted average price of shares sold at prices that ranged from $85.91 to $86.76.

8. Represents the weighted average price of shares sold at prices that ranged from $86.92 to $87.90.

9. Represents the weighted average price of shares sold at prices that ranged from $87.92 to $88.79.

10. Represents the weighted average price of shares sold at prices that ranged from $89.08 to $89.90.

11. Represents the weighted average price of shares sold at prices that ranged from $89.91 to $90.81.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	04/16/2026
	** 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

FAQ

What did Sea (SE) COO Ye Gang report in this Form 4 filing?

Ye Gang reported indirect open-market sales of 20,000 Sea Class A ordinary shares over April 14–15, 2026. The trades were executed by a BVI entity he controls, under a pre-arranged Rule 10b5-1 trading plan, at prices in the mid-to-high $80s and low $90s.

How many Sea (SE) shares were sold and at what prices?

The filing shows 20,000 Class A ordinary shares sold in ten open-market transactions. Reported per-trade prices range from $85.87 to $90.42 per share, with footnotes noting weighted average prices across narrower intraday price ranges for each transaction group.

Was the Sea (SE) insider selling done under a Rule 10b5-1 plan?

Yes. A footnote states the shares were sold under a Rule 10b5-1 trading plan adopted on September 4, 2025, by the BVI entity controlled by the reporting person. Such plans are pre-arranged and can indicate a more routine, scheduled disposition pattern.

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

After the reported sales, the filing lists 320,000 Class A ordinary shares held indirectly through the BVI entity. It also reports a separate direct holding of 22,396,405 Class A ordinary shares, providing a view of his total reported equity exposure following the trades.

What does the Form 4 say about price ranges and weighted averages for Sea (SE) sales?

Several footnotes explain that reported prices are weighted averages for shares sold within specific intraday ranges, such as $85.61–$86.56 and $89.91–$90.81. The reporting person undertakes to provide detailed per-trade price information to regulators or shareholders upon request.