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

Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on September 4, 2025 by a BVI entity controlled by Ye Gang, and the Rule 10b5-1 checkbox is affirmed.

Sea COO Ye Gang sells 41K shares at $115–$120

Q: What prices did Ye Gang receive for the Sea Ltd (SE) shares sold?

The reported transactions used weighted average prices per trade lot, with underlying sale prices ranging from $115.35 to $120.04 per share, as detailed in the footnotes for the August 19–20, 2026 sales.

Q: Does Ye Gang still hold Sea Ltd (SE) shares after these sales?

Yes. A holding entry reports 20,976,405 Class A ordinary shares of Sea Ltd held directly by Ye Gang as of August 19, 2026, in addition to shares that may be held indirectly through entities.

Q: Were the Sea Ltd (SE) shares sold directly by Ye Gang or through an entity?

All reported sales were indirect, with ownership noted as “By BVI entity.” A footnote explains that this BVI entity is controlled by Ye Gang and that the trades were made under its Rule 10b5-1 plan.

Sea Ltd (SE) director and COO Ye Gang reported indirect sales of 41,208 Class A ordinary shares over August 19–20, 2026, executed by a BVI entity he controls.

Filing Impact

(Very High)

Filing Sentiment

(Negative)How Sentiment works

Sentiment and the balance of points

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Form Type

Rhea-AI Filing Summary

Sea Ltd (SE) director and COO Ye Gang reported indirect sales of 41,208 Class A ordinary shares over August 19–20, 2026, executed by a BVI entity he controls. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted on September 4, 2025, at weighted average prices within disclosed ranges between approximately $115.35 and $120.04 per share. A separate holding entry shows 20,976,405 Class A ordinary shares held directly after these transactions.

Insights

Analyzing...

Insider Trade Summary 10b5-1

Net Seller: 41,208 shares

Net Sell 10 txns

Insider Ye Gang

Role COO

Sold 41,208 shs ($4.85M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares ^{F1, F7}	4,181	$115.98	$485K
Sale	Class A ordinary shares ^{F1, F8}	6,311	$117.07	$739K
Sale	Class A ordinary shares ^{F1, F9}	9,144	$117.74	$1.08M
Sale	Class A ordinary shares ^F1	364	$119.00	$43K
Sale	Class A ordinary shares ^{F1, F2}	3,307	$115.87	$383K
Sale	Class A ordinary shares ^{F1, F3}	4,100	$116.93	$479K
Sale	Class A ordinary shares ^{F1, F4}	4,808	$117.82	$566K
Sale	Class A ordinary shares ^{F1, F5}	3,593	$118.83	$427K
Sale	Class A ordinary shares ^{F1, F6}	5,400	$119.66	$646K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 448,792 shares (Indirect, By BVI entity); Class A ordinary shares — 20,976,405 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 September 4, 2025.
F2. Represents the weighted average price of shares sold at prices that ranged from $115.35 to $116.22. 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 $116.37 to $117.34.
F4. Represents the weighted average price of shares sold at prices that ranged from $117.36 to $118.35.
F5. Represents the weighted average price of shares sold at prices that ranged from $118.36 to $119.347.
F6. Represents the weighted average price of shares sold at prices that ranged from $119.35 to $120.04.
F7. Represents the weighted average price of shares sold at prices that ranged from $115.53 to $116.52.
F8. Represents the weighted average price of shares sold at prices that ranged from $116.53 to $117.529.
F9. Represents the weighted average price of shares sold at prices that ranged from $117.53 to $118.38.

Key Figures

Shares sold: 41,208 Class A ordinary shares Price range of sales: $115.35–$120.04 per share Direct holdings after transactions: 20,976,405 Class A ordinary shares +2 more

5 metrics

Shares sold 41,208 Class A ordinary shares Total non-derivative shares sold indirectly over August 19–20, 2026

Price range of sales $115.35–$120.04 per share Ranges of individual sale prices underlying weighted average prices in footnotes

Direct holdings after transactions 20,976,405 Class A ordinary shares Directly held by Ye Gang as of August 19, 2026

Largest single reported lot 9,144 Class A ordinary shares at $117.74 per share Non-derivative sale on August 20, 2026, indirect via BVI entity

Rule 10b5-1 plan adoption date September 4, 2025 Adoption date of BVI entity’s trading plan governing these sales

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..."

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 is listed as Class A ordinary shares in each transaction"

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

"Nature of ownership is reported as By BVI entity for the sales"

FAQ

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

How many Sea Ltd (SE) shares did Ye Gang sell in this Form 4?

Ye Gang reported indirect sales of 41,208 Class A ordinary shares of Sea Ltd, executed over August 19–20, 2026 by a BVI entity he controls. All reported transactions are sales of non-derivative Class A ordinary shares.

What prices did Ye Gang receive for the Sea Ltd (SE) shares sold?

The reported transactions used weighted average prices per trade lot, with underlying sale prices ranging from $115.35 to $120.04 per share, as detailed in the footnotes for the August 19–20, 2026 sales.

Does Ye Gang still hold Sea Ltd (SE) shares after these sales?

Yes. A holding entry reports 20,976,405 Class A ordinary shares of Sea Ltd held directly by Ye Gang as of August 19, 2026, in addition to shares that may be held indirectly through entities.

Were the Sea Ltd (SE) shares sold directly by Ye Gang or through an entity?

All reported sales were indirect, with ownership noted as “By BVI entity.” A footnote explains that this BVI entity is controlled by Ye Gang and that the trades were made under its Rule 10b5-1 plan.

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 - 06:18 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^*

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)
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		3,307⁽¹⁾	D	$115.87⁽²⁾	486,693	I	By BVI entity
Class A ordinary shares	08/19/2026		S		4,100⁽¹⁾	D	$116.93⁽³⁾	482,593	I	By BVI entity
Class A ordinary shares	08/19/2026		S		4,808⁽¹⁾	D	$117.82⁽⁴⁾	477,785	I	By BVI entity
Class A ordinary shares	08/19/2026		S		3,593⁽¹⁾	D	$118.83⁽⁵⁾	474,192	I	By BVI entity
Class A ordinary shares	08/19/2026		S		5,400⁽¹⁾	D	$119.66⁽⁶⁾	468,792	I	By BVI entity
Class A ordinary shares	08/20/2026		S		4,181⁽¹⁾	D	$115.98⁽⁷⁾	464,611	I	By BVI entity
Class A ordinary shares	08/20/2026		S		6,311⁽¹⁾	D	$117.07⁽⁸⁾	458,300	I	By BVI entity
Class A ordinary shares	08/20/2026		S		9,144⁽¹⁾	D	$117.74⁽⁹⁾	449,156	I	By BVI entity
Class A ordinary shares	08/20/2026		S		364⁽¹⁾	D	$119	448,792	I	By BVI entity
Class A ordinary shares								20,976,405	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 $115.35 to $116.22. 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 $116.37 to $117.34.

4. Represents the weighted average price of shares sold at prices that ranged from $117.36 to $118.35.

5. Represents the weighted average price of shares sold at prices that ranged from $118.36 to $119.347.

6. Represents the weighted average price of shares sold at prices that ranged from $119.35 to $120.04.

7. Represents the weighted average price of shares sold at prices that ranged from $115.53 to $116.52.

8. Represents the weighted average price of shares sold at prices that ranged from $116.53 to $117.529.

9. Represents the weighted average price of shares sold at prices that ranged from $117.53 to $118.38.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	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