Sea Ltd: Wang-controlled entity sells 2,000 shares

Each reported sale price is a weighted average, with a separate price range disclosed for each transaction.

Rhea-AI Filing Summary

Sea Ltd (SE) CCO and GC Yanjun Wang reported sales by a BVI entity he controls of 2,000 Class A ordinary shares on September 29 and 30, 2026, under a Rule 10b5-1 trading plan adopted by the entity on March 26, 2026. On September 29, the entity sold 636 shares at a weighted-average price of $98.18 and 364 shares at $98.88; on September 30, it sold 933 shares at $97.61 and 67 shares at $98.52.

Insider Trade Summary 10b5-1

Net Seller: 2,000 shares

Net Sell 5 txns

Insider Wang Yanjun

Role CCO and GC

Sold 2,000 shs ($196K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1, F4	933	$97.61	$91K
Sale	Class A ordinary shares F1, F5	67	$98.52	$7K
Sale	Class A ordinary shares F1, F2	636	$98.18	$62K
Sale	Class A ordinary shares F1, F3	364	$98.88	$36K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 89,780 shares (Indirect, By BVI entity); Class A ordinary shares — 1,033,642 shares (Direct)

Footnotes (5)

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 $97.66 to $98.66. 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 $98.67 to $99.34.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $97.16 to $98.11.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $98.17 to $99.00.

Key Figures

Total shares sold: 2,000 shares September 29 sale: 636 shares at weighted-average price of $98.18 per share September 29 sale: 364 shares at weighted-average price of $98.88 per share +3 more

6 metrics

Total shares sold 2,000 shares Across the reported transactions on September 29 and 30, 2026

September 29 sale 636 shares at weighted-average price of $98.18 per share Prices ranged from $97.66 to $98.66

September 29 sale 364 shares at weighted-average price of $98.88 per share Prices ranged from $98.67 to $99.34

September 30 sale 933 shares at weighted-average price of $97.61 per share Prices ranged from $97.16 to $98.11

September 30 sale 67 shares at weighted-average price of $98.52 per share Prices ranged from $98.17 to $99.00

Direct holdings 1,033,642 Class A ordinary shares Listed for Yanjun Wang on September 29, 2026

Key Terms

Rule 10b5-1 trading plan, weighted average price, BVI entity

3 terms

Rule 10b5-1 trading plan regulatory

"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"

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 technical

"adopted by a BVI entity controlled by the Reporting Person"

FAQ

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

How many SE shares did Yanjun Wang's controlled entity sell?

A BVI entity controlled by Sea Ltd CCO and GC Yanjun Wang sold 2,000 Class A ordinary shares on September 29 and 30, 2026, pursuant to a Rule 10b5-1 trading plan adopted by the entity on March 26, 2026.

What prices did the entity receive for the SE share sales?

The entity's weighted-average prices were $98.18 for 636 shares and $98.88 for 364 shares on September 29, then $97.61 for 933 shares and $98.52 for 67 shares on September 30. The disclosed price ranges were $97.66 to $98.66, $98.67 to $99.34, $97.16 to $98.11, and $98.17 to $99.00, respectively.

How many SE shares did Yanjun Wang hold directly?

The form lists 1,033,642 Class A ordinary shares held directly by Yanjun Wang on September 29, 2026.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/01/2026 - 06:11 AM Accepted by SEC EDGAR 10/01/2026 - 06:10 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)
09/29/2026

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	09/29/2026		S		636(1)	D	$98.18(2)	91,144	I	By BVI entity
Class A ordinary shares	09/29/2026		S		364(1)	D	$98.88(3)	90,780	I	By BVI entity
Class A ordinary shares	09/30/2026		S		933(1)	D	$97.61(4)	89,847	I	By BVI entity
Class A ordinary shares	09/30/2026		S		67(1)	D	$98.52(5)	89,780	I	By BVI entity
Class A ordinary shares								1,033,642	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 $97.66 to $98.66. 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 $98.67 to $99.34.

4. Represents the weighted average price of shares sold at prices that ranged from $97.16 to $98.11.

5. Represents the weighted average price of shares sold at prices that ranged from $98.17 to $99.00.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	10/01/2026
	** 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)