Sea Ltd president Feng Zhimin exercises 1M options

After the exercise, the president reported 2,003,969 directly held Class A ordinary shares and 208,291 shares held indirectly through a BVI entity.

Rhea-AI Filing Summary

Sea Ltd President Feng Zhimin exercised 1,000,000 share options on October 21, 2026, at an exercise price of $15 per share, acquiring 1,000,000 Class A ordinary shares. The options were granted on February 28, 2018, and are fully exercisable. After the transactions, he reported 2,003,969 directly held Class A ordinary shares and 2,000,000 share options. The report also lists 208,291 Class A ordinary shares held indirectly through a BVI entity.

Insider Trade Summary

1,000,000 shares exercised/converted

Exercise 3 txns

Insider Feng Zhimin

Role President

Type	Security	Shares	Price	Value
In-the-Money Exercise	Share options (right to buy) F1	1,000,000	$0.00	$0.00
In-the-Money Exercise	Class A ordinary shares	1,000,000	$15.00	$15.00M
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Share options (right to buy) — 2,000,000 contracts (Direct); Class A ordinary shares — 2,003,969 shares (Direct); Class A ordinary shares — 208,291 shares (Indirect, By BVI entity)

Footnotes (1)

1. F1. The share options were granted on February 28, 2018 and are fully exercisable.

Key Figures

Share options exercised: 1,000,000 options Exercise price: $15 per share Class A ordinary shares acquired: 1,000,000 shares +3 more

6 metrics

Share options exercised 1,000,000 options October 21, 2026

Exercise price $15 per share Options exercised on October 21, 2026

Class A ordinary shares acquired 1,000,000 shares October 21, 2026

Direct Class A ordinary shares following transaction 2,003,969 shares Following the October 21, 2026 transactions

Share options following transaction 2,000,000 options Following the October 21, 2026 transaction

Indirect Class A ordinary shares 208,291 shares Held through a BVI entity

Key Terms

share options (right to buy), in-the-money derivative security, fully exercisable

3 terms

share options (right to buy) financial

"Share options (right to buy)"

in-the-money derivative security financial

"Exercise of in-the-money or at-the-money derivative security"

fully exercisable financial

"are fully exercisable"

FAQ

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

How many options did SE President Feng Zhimin exercise, and at what price?

Feng Zhimin exercised 1,000,000 share options at an exercise price of $15 per share on October 21, 2026, acquiring 1,000,000 Class A ordinary shares.

What holdings did SE President Feng Zhimin report after the exercise?

After the transactions, he reported 2,003,969 directly held Class A ordinary shares and 2,000,000 share options. The report also lists 208,291 Class A ordinary shares held indirectly through a BVI entity.

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

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Available on EDGAR 10/23/2026 - 06:03 AM EDT Accepted by SEC EDGAR 10/23/2026 - 06:02 AM EDT 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).

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)
10/21/2026

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	10/21/2026		X		1,000,000	A	$15	2,003,969	D
Class A ordinary shares								208,291	I	By BVI entity

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
Share options (right to buy)	$15	10/21/2026		X			1,000,000	(1)	02/28/2028	Class A ordinary shares	1,000,000	$0	2,000,000	D

Explanation of Responses:

1. The share options were granted on February 28, 2018 and are fully exercisable.

	/s/ Emily Tan, attorney-in-fact for Zhimin Feng	10/23/2026
	** 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)