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Sea Ltd (NYSE: SE) COO’s BVI entity sells 20,000 shares, retains 22.2M

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

Rhea-AI Filing Summary

Sea Ltd director and COO Ye Gang reported open-market sales of 20,000 Class A ordinary shares, executed by a BVI entity he controls. The sales occurred on June 10–11, 2026 at prices ranging from about $81.40 to $85.28, with several trades reported at weighted average prices.

All transactions were carried out under a pre-arranged Rule 10b5‑1 trading plan adopted by the BVI entity on September 4, 2025, indicating they were scheduled in advance. After these sales, Ye Gang’s reported holdings include 22,206,405 Class A shares held directly and 110,000 shares held indirectly through the BVI entity, so the disposals are small relative to his total position.

Positive

  • None.

Negative

  • None.

Insights

COO’s pre-planned share sales are small versus his total holdings.

COO and director Ye Gang oversaw sales of 20,000 Class A shares in Sea Ltd through a BVI entity he controls. Trades were executed on June 10–11, 2026 at prices in the low-to-mid $80s, and disclosed as open-market sales.

The filing states these transactions were made under a Rule 10b5‑1 trading plan adopted on September 4, 2025. Such plans are pre-arranged, which typically reduces the informational value of the exact timing because trades follow a preset schedule rather than ad hoc decisions.

After the sales, Ye Gang is shown holding 22,206,405 Class A shares directly and 110,000 indirectly via the BVI entity. The sold amount is small compared with this position, so the filing looks like a routine, pre-planned disposition rather than a major change in insider exposure.

Insider Ye Gang
Role COO
Sold 20,000 shs ($1.66M)
Type Security Shares Price Value
Sale Class A ordinary shares 1,300 $81.40 $106K
Sale Class A ordinary shares 3,100 $82.61 $256K
Sale Class A ordinary shares 1,300 $83.23 $108K
Sale Class A ordinary shares 200 $84.50 $17K
Sale Class A ordinary shares 4,100 $85.28 $350K
Sale Class A ordinary shares 6,805 $82.20 $559K
Sale Class A ordinary shares 3,193 $83.17 $266K
Sale Class A ordinary shares 2 $83.96 $167.92
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 110,000 shares (Indirect, By BVI entity); Class A ordinary shares — 22,206,405 shares (Direct)
Footnotes (8)
  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 $81.77 to $82.76. 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 $82.77 to $83.68.
  4. F4. Represents the weighted average price of shares sold at prices that ranged from $81.01 to $81.88.
  5. F5. Represents the weighted average price of shares sold at prices that ranged from $82.01 to $82.98.
  6. F6. Represents the weighted average price of shares sold at prices that ranged from $83.01 to $84.00.
  7. F7. Represents the weighted average price of shares sold at prices that ranged from $84.21 to $84.79.
  8. F8. Represents the weighted average price of shares sold at prices that ranged from $85.01 to $85.61.
Shares sold 20,000 shares Total Class A ordinary shares sold June 10–11, 2026
Sale price range $81.40–$85.28 per share Reported trade prices for June 10–11, 2026 sales
Direct holdings 22,206,405 shares Class A ordinary shares held directly as of June 10, 2026
Indirect holdings 110,000 shares Class A ordinary shares held indirectly via BVI entity after June 11, 2026
Single trade size 6,805 shares Largest reported open-market sale at $82.20 on June 10, 2026
Another trade size 4,100 shares Open-market sale at $85.28 on June 11, 2026
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..."
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.
BVI entity financial
"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity..."
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.

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

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FAQ

What insider transaction did Sea Ltd (SE) report for COO Ye Gang?
Sea Ltd reported that COO and director Ye Gang oversaw sales of 20,000 Class A ordinary shares. The shares were sold in multiple open-market trades at prices in the low-to-mid $80s, executed through a BVI entity associated with him.

At what prices did Ye Gang’s BVI entity sell Sea Ltd (SE) shares?
The reported sales occurred at prices ranging from about $81.40 to $85.28 per share. Several trades used weighted average prices within narrower ranges, as detailed in the notes, reflecting multiple executions aggregated into single line items.

How many Sea Ltd (SE) shares does Ye Gang hold after these transactions?
After the reported trades, Ye Gang holds 22,206,405 Class A shares directly and 110,000 shares indirectly. The indirect holdings are through a BVI entity, while the large direct position is recorded in his own name as of June 10, 2026.

Were Ye Gang’s Sea Ltd (SE) share sales made under a Rule 10b5-1 plan?
Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan. That plan was adopted by the BVI entity controlled by Ye Gang on September 4, 2025, indicating the sales followed a pre-arranged schedule rather than discretionary timing.

What type of shares did Ye Gang’s BVI entity sell in Sea Ltd (SE)?
The transactions involved Sea Ltd Class A ordinary shares. These non-derivative equity securities were sold in open-market trades, with each Form 4 line item specifying the class, number of shares sold, execution date, and price per share.

How significant are Ye Gang’s recent Sea Ltd (SE) share sales versus his holdings?
The reported 20,000 shares sold are small compared with his disclosed holdings. After the trades, he still directly owns 22,206,405 Class A shares and indirectly holds 110,000 shares through the BVI entity, so his overall exposure remains large.
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)
06/10/2026		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 shares06/10/2026S6,805(1)D$82.2(2)123,195IBy BVI entity
Class A ordinary shares06/10/2026S3,193(1)D$83.17(3)120,002IBy BVI entity
Class A ordinary shares06/10/2026S2(1)D$83.96120,000IBy BVI entity
Class A ordinary shares06/11/2026S1,300(1)D$81.4(4)118,700IBy BVI entity
Class A ordinary shares06/11/2026S3,100(1)D$82.61(5)115,600IBy BVI entity
Class A ordinary shares06/11/2026S1,300(1)D$83.23(6)114,300IBy BVI entity
Class A ordinary shares06/11/2026S200(1)D$84.5(7)114,100IBy BVI entity
Class A ordinary shares06/11/2026S4,100(1)D$85.28(8)110,000IBy 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 $81.77 to $82.76. 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 $82.77 to $83.68.
4. Represents the weighted average price of shares sold at prices that ranged from $81.01 to $81.88.
5. Represents the weighted average price of shares sold at prices that ranged from $82.01 to $82.98.
6. Represents the weighted average price of shares sold at prices that ranged from $83.01 to $84.00.
7. Represents the weighted average price of shares sold at prices that ranged from $84.21 to $84.79.
8. Represents the weighted average price of shares sold at prices that ranged from $85.01 to $85.61.
/s/ Mark Tang, attorney-in-fact for Gang Ye06/12/2026
** 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