Sea Ltd counsel sells 2,400 shares under plan

Sea Ltd’s CCO and GC reported pre-planned sales of 2,400 Class A shares while remaining directly invested with over 1.1 million shares.

Rhea-AI Filing Summary

Sea Ltd (SE) disclosed that its Chief Corporate Officer and General Counsel, Wang Yanjun, through a British Virgin Islands entity he controls, sold a total of 2,400 Class A ordinary shares on September 15–16, 2026 in multiple open-market transactions. The sales occurred at weighted average prices within disclosed ranges of roughly $102.57 to $106.49 per share, pursuant to a Rule 10b5-1 trading plan adopted on March 26, 2026. Wang also reported 1,132,842 Class A ordinary shares held directly as of September 15, 2026.

Insider Trade Summary 10b5-1

Net Seller: 2,400 shares

Net Sell 8 txns

Insider Wang Yanjun

Role CCO and GC

Sold 2,400 shs ($250K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1, F6	150	$103.04	$15K
Sale	Class A ordinary shares F1, F7	785	$103.97	$82K
Sale	Class A ordinary shares F1, F8	265	$104.99	$28K
Sale	Class A ordinary shares F1, F2	534	$103.33	$55K
Sale	Class A ordinary shares F1, F3	516	$103.87	$54K
Sale	Class A ordinary shares F1, F4	66	$105.07	$7K
Sale	Class A ordinary shares F1, F5	84	$106.00	$9K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 1,980 shares (Indirect, By BVI entity); Class A ordinary shares — 1,132,842 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 March 26, 2026.
2. F2. Represents the weighted average price of shares sold at prices that ranged from $102.61 to $103.60. 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 $103.61 to $104.60.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $104.70 to $105.48.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $105.66 to $106.49.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $102.57 to $103.47.
7. F7. Represents the weighted average price of shares sold at prices that ranged from $103.61 to $104.56.
8. F8. Represents the weighted average price of shares sold at prices that ranged from $104.57 to $105.30.

Key Figures

Total shares sold: 2,400 Class A ordinary shares Reported transaction prices: $102.57–$106.49 per share Individual reported sale prices: $103.04, $103.97, $104.99, $103.33, $103.87, $105.07, $106.00 per share +3 more

6 metrics

Total shares sold 2,400 Class A ordinary shares Aggregate insider sales on September 15–16, 2026

Reported transaction prices $102.57–$106.49 per share Weighted average price ranges for the reported sales

Individual reported sale prices $103.04, $103.97, $104.99, $103.33, $103.87, $105.07, $106.00 per share Per-share prices for each transaction tranche on September 15–16, 2026

Direct holdings after transactions 1,132,842 Class A ordinary shares Directly held by the reporting person as of September 15, 2026

Rule 10b5-1 plan adoption date March 26, 2026 Adoption date of the trading plan used for these sales

Largest single tranche sold 785 Class A ordinary shares One transaction on September 16, 2026 at a weighted average price of $103.97 per share

Key Terms

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

3 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

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

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.

FAQ

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

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

Sea Ltd reported that Chief Corporate Officer and General Counsel Wang Yanjun, through a British Virgin Islands entity he controls, sold 2,400 Class A ordinary shares in open-market transactions on September 15–16, 2026 under a pre-arranged Rule 10b5-1 trading plan.

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

The reported sales of Sea Ltd Class A ordinary shares occurred at weighted average prices within ranges from about $102.57 to $106.49 per share, with separate tranches reported in narrower price ranges on September 15 and 16, 2026.

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

Wang Yanjun reported 1,132,842 Class A ordinary shares held directly as of September 15, 2026. The Form 4 also reports shares sold that were held indirectly through a British Virgin Islands entity he controls.

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

Yes. A footnote states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on March 26, 2026 by a British Virgin Islands entity controlled by the reporting person, indicating the trades were pre-arranged under that plan.

Were the Sea Ltd (SE) shares sold directly by Wang Yanjun or through another entity?

The sales involved Class A ordinary shares held indirectly “by BVI entity,” described as a British Virgin Islands entity controlled by Wang Yanjun. A separate line reports his direct holding of 1,132,842 shares as of September 15, 2026.

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

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Available on EDGAR 09/17/2026 - 06:17 AM Accepted by SEC EDGAR 09/17/2026 - 06:16 AM Learn about SEC filing dates

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).

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^*

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)
09/15/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A ordinary shares	09/15/2026		S		534(1)	D	$103.33(2)	3,846	I	By BVI entity
Class A ordinary shares	09/15/2026		S		516(1)	D	$103.87(3)	3,330	I	By BVI entity
Class A ordinary shares	09/15/2026		S		66(1)	D	$105.07(4)	3,264	I	By BVI entity
Class A ordinary shares	09/15/2026		S		84(1)	D	$106(5)	3,180	I	By BVI entity
Class A ordinary shares	09/16/2026		S		150(1)	D	$103.04(6)	3,030	I	By BVI entity
Class A ordinary shares	09/16/2026		S		785(1)	D	$103.97(7)	2,245	I	By BVI entity
Class A ordinary shares	09/16/2026		S		265(1)	D	$104.99(8)	1,980	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 March 26, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $102.61 to $103.60. 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 $103.61 to $104.60.

4. Represents the weighted average price of shares sold at prices that ranged from $104.70 to $105.48.

5. Represents the weighted average price of shares sold at prices that ranged from $105.66 to $106.49.

6. Represents the weighted average price of shares sold at prices that ranged from $102.57 to $103.47.

7. Represents the weighted average price of shares sold at prices that ranged from $103.61 to $104.56.

8. Represents the weighted average price of shares sold at prices that ranged from $104.57 to $105.30.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	09/17/2026
	** 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)