Sea Ltd officer sells 3,000 shares at $115–$120

Q: What insider activity did Sea Ltd (SE) report for Wang Yanjun?

Sea Ltd reported that a BVI entity controlled by officer Wang Yanjun sold 3,000 Class A ordinary shares of SE in multiple open-market transactions on August 19–20, 2026, with all sales reported as indirect ownership transactions.

Q: At what prices were the Sea Ltd (SE) shares sold in this Form 4?

The reported sales occurred at prices from about $115.42 to $119.99 per share, with several line items showing weighted average prices such as $115.91, $116.09, $116.97, $117.18, $117.75, $117.90, $119.01 and $119.58 over specified price ranges.

Q: Were the Sea Ltd (SE) insider sales made under a Rule 10b5-1 plan?

Yes. A footnote states that the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Wang Yanjun on March 26, 2026, indicating the trades were pre-arranged under that plan.

Q: Are the prices in the Sea Ltd (SE) Form 4 exact or averaged?

Several reported prices are weighted average prices for shares sold within specified ranges, for example from $115.42 to $116.41 or $119.42 to $119.99. The insider has undertaken to provide full breakdowns of individual sale prices upon request.

Sea Ltd (SE) reported insider transactions by officer Wang Yanjun, CCO and GC.

Filing Impact

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Filing Sentiment

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Rhea-AI Filing Summary

Sea Ltd (SE) reported insider transactions by officer Wang Yanjun, CCO and GC. On August 19–20, 2026, an affiliated BVI entity controlled by Wang sold a total of 3,000 Class A ordinary shares in multiple open-market transactions at prices between approximately $115.42 and $119.99 per share, with several prices presented as weighted averages over stated ranges. These sales were made pursuant to a Rule 10b5-1 trading plan adopted on March 26, 2026. Separately, Wang is shown as holding 1,132,842 Class A ordinary shares directly after the reported transactions.

Insider Trade Summary 10b5-1

Net Seller: 3,000 shares

Net Sell 10 txns

Insider Wang Yanjun

Role CCO and GC

Sold 3,000 shs ($353K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares ^{F1, F7}	362	$116.09	$42K
Sale	Class A ordinary shares ^{F1, F8}	493	$117.18	$58K
Sale	Class A ordinary shares ^{F1, F9}	618	$117.75	$73K
Sale	Class A ordinary shares ^F1	27	$119.00	$3K
Sale	Class A ordinary shares ^{F1, F2}	253	$115.91	$29K
Sale	Class A ordinary shares ^{F1, F3}	282	$116.97	$33K
Sale	Class A ordinary shares ^{F1, F4}	417	$117.90	$49K
Sale	Class A ordinary shares ^{F1, F5}	272	$119.01	$32K
Sale	Class A ordinary shares ^{F1, F6}	276	$119.58	$33K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 27,600 shares (Indirect, By BVI entity); Class A ordinary shares — 1,132,842 shares (Direct)

Footnotes (9)

F1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on March 26, 2026.
F2. Represents the weighted average price of shares sold at prices that ranged from $115.42 to $116.41. 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 $116.42 to $117.41.
F4. Represents the weighted average price of shares sold at prices that ranged from $117.43 to $118.41.
F5. Represents the weighted average price of shares sold at prices that ranged from $118.42 to $119.41.
F6. Represents the weighted average price of shares sold at prices that ranged from $119.42 to $119.99.
F7. Represents the weighted average price of shares sold at prices that ranged from $115.63 to $116.627.
F8. Represents the weighted average price of shares sold at prices that ranged from $116.63 to $117.628.
F9. Represents the weighted average price of shares sold at prices that ranged from $117.63 to $118.04.

Key Figures

Shares sold: 3,000 Class A ordinary shares Sale price (example transaction): $116.09 per share Sale price range (weighted average block): $115.42 to $116.41 +3 more

6 metrics

Shares sold 3,000 Class A ordinary shares Total non-derivative shares sold indirectly on August 19–20, 2026

Sale price (example transaction) $116.09 per share Sale of 362 Class A ordinary shares on August 20, 2026

Sale price range (weighted average block) $115.42 to $116.41 Price range underlying one weighted average sale on August 19, 2026

Highest price range cited $119.42 to $119.99 Range for a weighted average sale price on August 19, 2026

Shares held directly after transaction 1,132,842 Class A ordinary shares Direct ownership position as of August 19, 2026

10b5-1 plan adoption date March 26, 2026 Date BVI entity controlled by the reporting person adopted trading plan

Key Terms

Rule 10b5-1 trading plan, weighted average price, Class A ordinary shares, indirect ownership

4 terms

Rule 10b5-1 trading plan regulatory

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

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..."

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"

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"

FAQ

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

What insider activity did Sea Ltd (SE) report for Wang Yanjun?

Sea Ltd reported that a BVI entity controlled by officer Wang Yanjun sold 3,000 Class A ordinary shares of SE in multiple open-market transactions on August 19–20, 2026, with all sales reported as indirect ownership transactions.

At what prices were the Sea Ltd (SE) shares sold in this Form 4?

The reported sales occurred at prices from about $115.42 to $119.99 per share, with several line items showing weighted average prices such as $115.91, $116.09, $116.97, $117.18, $117.75, $117.90, $119.01 and $119.58 over specified price ranges.

How many Sea Ltd (SE) shares does Wang Yanjun hold after these transactions?

After the reported transactions, the Form 4 shows Wang Yanjun holding 1,132,842 Class A ordinary shares of Sea Ltd directly. The 3,000 shares sold were held indirectly through a BVI entity controlled by him.

Were the Sea Ltd (SE) insider sales made under a Rule 10b5-1 plan?

Yes. A footnote states that the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Wang Yanjun on March 26, 2026, indicating the trades were pre-arranged under that plan.

Are the prices in the Sea Ltd (SE) Form 4 exact or averaged?

Several reported prices are weighted average prices for shares sold within specified ranges, for example from $115.42 to $116.41 or $119.42 to $119.99. The insider has undertaken to provide full breakdowns of individual sale prices upon request.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 08/21/2026 - 06:19 AM EDT Accepted by SEC EDGAR 08/21/2026 - 06:18 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^*

Wang Yanjun

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CCO and GC

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026

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	08/19/2026		S		253⁽¹⁾	D	$115.91⁽²⁾	30,347	I	By BVI entity
Class A ordinary shares	08/19/2026		S		282⁽¹⁾	D	$116.97⁽³⁾	30,065	I	By BVI entity
Class A ordinary shares	08/19/2026		S		417⁽¹⁾	D	$117.9⁽⁴⁾	29,648	I	By BVI entity
Class A ordinary shares	08/19/2026		S		272⁽¹⁾	D	$119.01⁽⁵⁾	29,376	I	By BVI entity
Class A ordinary shares	08/19/2026		S		276⁽¹⁾	D	$119.58⁽⁶⁾	29,100	I	By BVI entity
Class A ordinary shares	08/20/2026		S		362⁽¹⁾	D	$116.09⁽⁷⁾	28,738	I	By BVI entity
Class A ordinary shares	08/20/2026		S		493⁽¹⁾	D	$117.18⁽⁸⁾	28,245	I	By BVI entity
Class A ordinary shares	08/20/2026		S		618⁽¹⁾	D	$117.75⁽⁹⁾	27,627	I	By BVI entity
Class A ordinary shares	08/20/2026		S		27⁽¹⁾	D	$119	27,600	I	By BVI entity
Class A ordinary shares								1,132,842	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 March 26, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $115.42 to $116.41. 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 $116.42 to $117.41.

4. Represents the weighted average price of shares sold at prices that ranged from $117.43 to $118.41.

5. Represents the weighted average price of shares sold at prices that ranged from $118.42 to $119.41.

6. Represents the weighted average price of shares sold at prices that ranged from $119.42 to $119.99.

7. Represents the weighted average price of shares sold at prices that ranged from $115.63 to $116.627.

8. Represents the weighted average price of shares sold at prices that ranged from $116.63 to $117.628.

9. Represents the weighted average price of shares sold at prices that ranged from $117.63 to $118.04.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	08/21/2026
	** 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