Sea (NYSE: SE) president sells 18,872 shares under 10b5-1 plan

Rhea-AI Filing Summary

Sea Ltd (SE) reported that President Feng Zhimin, through a BVI entity he controls, sold a total of 18,872 Class A ordinary shares on August 25–26, 2026 in open-market or private transactions. The sales were made under a Rule 10b5-1 trading plan adopted on March 26, 2026, at weighted average prices within disclosed ranges from $120.00 to $123.68 per share. Separately, Feng is reported as holding 1,003,969 Class A ordinary shares directly as of August 25, 2026.

Insider Trade Summary 10b5-1

Net Seller: 18,872 shares

Net Sell 7 txns

Insider Feng Zhimin

Role President

Sold 18,872 shs ($2.30M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1, F6	2,257	$120.55	$272K
Sale	Class A ordinary shares F1, F7	1,615	$121.23	$196K
Sale	Class A ordinary shares F1, F2	3,080	$120.50	$371K
Sale	Class A ordinary shares F1, F3	3,027	$121.65	$368K
Sale	Class A ordinary shares F1, F4	2,698	$122.66	$331K
Sale	Class A ordinary shares F1, F5	6,195	$123.33	$764K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 212,407 shares (Indirect, By BVI entity); Class A ordinary shares — 1,003,969 shares (Direct)

Footnotes (7)

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 $120.00 to $120.99. 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 $121.07 to $121.92.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $122.37 to $122.96.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $123.05 to $123.68.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $120.05 to $121.01.
7. F7. Represents the weighted average price of shares sold at prices that ranged from $121.05 to $121.42.

Key Figures

Total shares sold: 18,872 Class A ordinary shares Sale price range: $120.00–$123.68 per share Direct holdings: 1,003,969 Class A ordinary shares +1 more

4 metrics

Total shares sold 18,872 Class A ordinary shares Aggregate sales reported for August 25–26, 2026

Sale price range $120.00–$123.68 per share Weighted average price ranges disclosed in footnotes

Direct holdings 1,003,969 Class A ordinary shares Shares held directly by Feng Zhimin as of August 25, 2026

Individual sale blocks 6 transactions totaling 18,872 shares Six separate sale entries on August 25–26, 2026

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"

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"

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

How many SE shares did Feng Zhimin sell in this Form 4?

The filing reports that a BVI entity controlled by President Feng Zhimin sold a total of 18,872 Class A ordinary shares of Sea Ltd over August 25–26, 2026.

Over what dates did the reported SE share sales by Feng Zhimin occur?

The reported sales of Sea Ltd (SE) Class A ordinary shares occurred on August 25, 2026 and August 26, 2026.

At what prices were the SE shares sold in this Form 4?

The sales were executed at weighted average prices per share, with price ranges disclosed between $120.00 and $123.68, depending on the specific transaction blocks.

Were the SE share sales by Feng Zhimin under a Rule 10b5-1 plan?

Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Feng Zhimin on March 26, 2026.

How many SE shares does Feng Zhimin hold directly after these transactions?

A separate holdings line reports that 1,003,969 Class A ordinary shares of Sea Ltd are held directly by Feng Zhimin as of August 25, 2026.

Are the SE shares sold held directly by Feng Zhimin?

No. The sold shares are reported as held indirectly, with the nature of ownership described as “By BVI entity” controlled by Feng Zhimin.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/27/2026 - 06:07 AM Accepted by SEC EDGAR 08/27/2026 - 06:06 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^*

Feng Zhimin

(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)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2026

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	08/25/2026		S		3,080(1)	D	$120.5(2)	228,199	I	By BVI entity
Class A ordinary shares	08/25/2026		S		3,027(1)	D	$121.65(3)	225,172	I	By BVI entity
Class A ordinary shares	08/25/2026		S		2,698(1)	D	$122.66(4)	222,474	I	By BVI entity
Class A ordinary shares	08/25/2026		S		6,195(1)	D	$123.33(5)	216,279	I	By BVI entity
Class A ordinary shares	08/26/2026		S		2,257(1)	D	$120.55(6)	214,022	I	By BVI entity
Class A ordinary shares	08/26/2026		S		1,615(1)	D	$121.23(7)	212,407	I	By BVI entity
Class A ordinary shares								1,003,969	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 $120.00 to $120.99. 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 $121.07 to $121.92.

4. Represents the weighted average price of shares sold at prices that ranged from $122.37 to $122.96.

5. Represents the weighted average price of shares sold at prices that ranged from $123.05 to $123.68.

6. Represents the weighted average price of shares sold at prices that ranged from $120.05 to $121.01.

7. Represents the weighted average price of shares sold at prices that ranged from $121.05 to $121.42.

	/s/ Emily Tan, attorney-in-fact for Zhimin Feng	08/27/2026
	** 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)