STOCK TITAN

Sea Ltd (NYSE: SE) CPO-linked BVI entity sells 800 shares under 10b5-1 plan

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Sea Ltd CPO of Shopee, Chen Jingye, reported small pre-planned insider sales of Class A ordinary shares through a BVI entity. On April 2, 2026, the BVI entity sold a total of 800 shares in open-market trades at prices ranging from about $79.80 to $82.30 per share under a Rule 10b5-1 trading plan.

After these sales, the associated BVI entity held 231,200 Class A shares indirectly, while Chen Jingye also held 9,075,774 Class A shares directly. The transactions represent a routine, pre-arranged reduction that is small relative to the overall share position.

Positive

  • None.

Negative

  • None.
Insider Chen Jingye
Role CPO, Shopee
Sold 800 shs ($65K)
Type Security Shares Price Value
Sale Class A ordinary shares 111 $79.80 $9K
Sale Class A ordinary shares 93 $80.68 $8K
Sale Class A ordinary shares 590 $81.67 $48K
Sale Class A ordinary shares 6 $82.30 $493.80
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 231,889 shares (Indirect, By BVI entity); Class A ordinary shares — 9,075,774 shares (Direct)
Footnotes (1)
  1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on August 28, 2025. Represents the weighted average price of shares sold at prices that ranged from $79.26 to $80.25. 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 $80.26 to $81.24. Represents the weighted average price of shares sold at prices that ranged from $81.26 to $82.12. Represents the weighted average price of shares sold at prices that ranged from $82.28 to $82.32.
Shares sold 800 shares Total Class A ordinary shares sold on April 2, 2026
Sale price (trade 1) $79.80/share Open-market sale of 111 shares
Sale price (trade 2) $80.68/share Open-market sale of 93 shares
Sale price (trade 3) $81.67/share Open-market sale of 590 shares
Sale price (trade 4) $82.30/share Open-market sale of 6 shares
Indirect holdings after trades 231,200 shares Class A ordinary shares held by BVI entity after sales
Direct holdings 9,075,774 shares Class A ordinary shares held directly by Chen Jingye
Sell transactions 4 sales Open-market sales of non-derivative Class A shares
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 $79.26 to $80.25."
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
"a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person"
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*
Chen Jingye

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CPO, Shopee
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026
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 shares04/02/2026S111(1)D$79.8(2)231,889IBy BVI entity
Class A ordinary shares04/02/2026S93(1)D$80.68(3)231,796IBy BVI entity
Class A ordinary shares04/02/2026S590(1)D$81.67(4)231,206IBy BVI entity
Class A ordinary shares04/02/2026S6(1)D$82.3(5)231,200IBy BVI entity
Class A ordinary shares9,075,774D
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 August 28, 2025.
2. Represents the weighted average price of shares sold at prices that ranged from $79.26 to $80.25. 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 $80.26 to $81.24.
4. Represents the weighted average price of shares sold at prices that ranged from $81.26 to $82.12.
5. Represents the weighted average price of shares sold at prices that ranged from $82.28 to $82.32.
/s/ Mark Tang, attorney-in-fact for Jingye Chen04/06/2026
** 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)

FAQ

What did Sea Ltd (SE) executive Chen Jingye report in this Form 4?

Chen Jingye, CPO of Shopee at Sea Ltd, reported small open-market sales totaling 800 Class A ordinary shares via a BVI entity. These trades were executed under a Rule 10b5-1 trading plan and left substantial direct and indirect holdings in place.

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

The BVI entity associated with Chen Jingye sold 800 Sea Ltd Class A ordinary shares on April 2, 2026. Individual trades were reported around $79.80, $80.68, $81.67 and $82.30 per share, with footnotes giving weighted average prices and intraday price ranges.

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

Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025 by a BVI entity controlled by the reporting person. Such plans pre-schedule trades, making the timing more routine and less discretionary.

What are Chen Jingye’s remaining Sea Ltd (SE) share holdings after these trades?

Following the reported sales, the BVI entity held 231,200 Sea Ltd Class A ordinary shares indirectly. A separate line in the filing shows Chen Jingye also directly owns 9,075,774 Class A ordinary shares, indicating a large remaining ownership position after the transactions.

How significant are these Sea Ltd (SE) insider sales relative to holdings?

The 800 shares sold are small compared with the reported remaining positions of 231,200 shares indirectly and 9,075,774 shares directly. This scale suggests a routine, limited transaction rather than a major change in the insider’s overall economic exposure to Sea Ltd.

Who actually executed the Sea Ltd (SE) share sales reported for Chen Jingye?

The sales were executed by a BVI entity described as being controlled by the reporting person. The filing classifies these as indirect holdings and transactions, meaning the trades occurred through that entity rather than directly in Chen Jingye’s personal brokerage account.