Was Chen Jingye’s Sea (SE) share sale part of a Rule 10b5-1 plan?

Yes. A footnote explains the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Chen Jingye on August 28, 2025. Such plans schedule trades in advance, helping separate them from short-term market timing decisions.

Are there any derivative or tax-related transactions in this Sea (SE) Form 4?

No. The derivative summary is empty, and the transaction summary shows no derivative exercises, gifts, or tax-withholding dispositions . The reported activity consists solely of open-market sales of Class A ordinary shares and one separate direct holding entry.

Sea (SE) CPO Chen Jingye sells 1,600 shares under Rule 10b5-1 plan

Q: What insider transaction did Sea (SE) report for Chen Jingye?

Sea reported that CPO Shopee Chen Jingye , via a BVI entity he controls, sold 1,600 Class A ordinary shares in open-market transactions. These sales occurred on May 18 and 19, 2026, and were disclosed on a Form 4 insider filing.

Q: How many Sea (SE) shares did Chen Jingye sell and at what prices?

The filing shows 1,600 Class A ordinary shares sold across several trades. Weighted average prices fell within ranges from about $86.04 to $89.91 , based on detailed transaction prices and accompanying price-range footnotes in the Form 4 disclosure.

Q: Does Chen Jingye still hold a significant Sea (SE) stake after these sales?

Yes. A holding entry in the Form 4 shows 9,075,774 Class A ordinary shares held directly as of May 18, 2026. This indicates the 1,600 shares sold indirectly through the BVI entity represent a small fraction of his overall ownership position.

Q: How many individual sale transactions did the Sea (SE) Form 4 include?

The transaction summary reports seven sale transactions of Class A ordinary shares, totaling 1,600 shares sold. Each transaction lists its own share amount and price, and price-range footnotes provide weighted average figures across groups of these sales.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd chief product officer for Shopee, Chen Jingye, reported small pre-planned insider sales of the company’s Class A ordinary shares. A BVI entity controlled by him sold a total of 1,600 shares in open-market transactions.

The sales occurred on May 18 and 19, 2026 at weighted average prices within ranges from about $86.04 to $89.91, according to the trade details and price-range footnotes. These transactions were made under a Rule 10b5-1 trading plan, indicating they were scheduled in advance.

Alongside these indirect sales, a separate holding entry shows that Chen holds 9,075,774 Class A ordinary shares directly as of May 18, 2026, suggesting the reported sales represent a small portion of his overall position.

Insights

Pre-planned sale of 1,600 Sea shares is small versus total holdings.

Chen Jingye, CPO of Shopee at Sea Ltd, oversaw open-market sales of 1,600 Class A ordinary shares through a BVI entity. The trades were executed at prices in the mid-to-high $80 range under a Rule 10b5-1 trading plan.

The filing also discloses a direct holding of 9,075,774 Class A shares as of May 18, 2026. Compared with this position, the 1,600 shares sold are small, and the pre-planned nature of the trading plan suggests routine portfolio management rather than a directional call.

There are no derivative exercises or gifts reported, and the net-sell activity is limited to these open-market sales. Subsequent company filings may provide further context if trading under the plan continues.

Insider Trade Summary 10b5-1

Net Seller: 1,600 shares ($140,218)

Net Sell 8 txns

Insider Chen Jingye

Role CPO, Shopee

Sold 1,600 shs ($140K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	248	$86.76	$22K
Sale	Class A ordinary shares	498	$87.38	$44K
Sale	Class A ordinary shares	54	$88.37	$5K
Sale	Class A ordinary shares	72	$86.98	$6K
Sale	Class A ordinary shares	680	$88.02	$60K
Sale	Class A ordinary shares	24	$89.16	$2K
Sale	Class A ordinary shares	24	$89.91	$2K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 206,152 shares (Indirect, By BVI entity); Class A ordinary shares — 9,075,774 shares (Direct, null)

Footnotes (1)

The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on August 28, 2025. Represents the weighted average price of shares sold at prices that ranged from $86.59 to $87.43. 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. Represents the weighted average price of shares sold at prices that ranged from $87.61 to $88.42. Represents the weighted average price of shares sold at prices that ranged from $86.04 to $87.0395. Represents the weighted average price of shares sold at prices that ranged from $87.04 to $88.03. Represents the weighted average price of shares sold at prices that ranged from $88.06 to $88.70.

Key Figures

Shares sold: 1,600 shares Highest stated trade price: $89.91/share Example trade price: $88.37/share +4 more

7 metrics

Shares sold 1,600 shares Total Class A ordinary shares sold in open-market transactions

Highest stated trade price $89.91/share Open-market sale on May 18, 2026

Example trade price $88.37/share Open-market sale on May 19, 2026

Example trade price $87.38/share Open-market sale on May 19, 2026

Example trade price $86.76/share Open-market sale on May 19, 2026

Direct holdings 9,075,774 shares Class A ordinary shares held directly as of May 18, 2026

Number of sale transactions 7 transactions Transaction summary net-sell activity

Key Terms

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

4 terms

Class A ordinary shares financial

"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person"

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.

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.

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 other

"adopted by a BVI entity controlled by the Reporting Person on August 28, 2025"

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 06:01 AM

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^*

Chen Jingye

(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)
	CPO, Shopee

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A ordinary shares	05/18/2026		S		72⁽¹⁾	D	$86.98⁽²⁾	207,128	I	By BVI entity
Class A ordinary shares	05/18/2026		S		680⁽¹⁾	D	$88.02⁽³⁾	206,448	I	By BVI entity
Class A ordinary shares	05/18/2026		S		24⁽¹⁾	D	$89.16	206,424	I	By BVI entity
Class A ordinary shares	05/18/2026		S		24⁽¹⁾	D	$89.91	206,400	I	By BVI entity
Class A ordinary shares	05/19/2026		S		248⁽¹⁾	D	$86.76⁽⁴⁾	206,152	I	By BVI entity
Class A ordinary shares	05/19/2026		S		498⁽¹⁾	D	$87.38⁽⁵⁾	205,654	I	By BVI entity
Class A ordinary shares	05/19/2026		S		54⁽¹⁾	D	$88.37⁽⁶⁾	205,600	I	By BVI entity
Class A ordinary shares								9,075,774	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 August 28, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $86.59 to $87.43. 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 $87.61 to $88.42.

4. Represents the weighted average price of shares sold at prices that ranged from $86.04 to $87.0395.

5. Represents the weighted average price of shares sold at prices that ranged from $87.04 to $88.03.

6. Represents the weighted average price of shares sold at prices that ranged from $88.06 to $88.70.

	/s/ Mark Tang, attorney-in-fact for Jingye Chen	05/20/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Sea (SE) report for Chen Jingye?

Sea reported that CPO Shopee Chen Jingye, via a BVI entity he controls, sold 1,600 Class A ordinary shares in open-market transactions. These sales occurred on May 18 and 19, 2026, and were disclosed on a Form 4 insider filing.

How many Sea (SE) shares did Chen Jingye sell and at what prices?

The filing shows 1,600 Class A ordinary shares sold across several trades. Weighted average prices fell within ranges from about $86.04 to $89.91, based on detailed transaction prices and accompanying price-range footnotes in the Form 4 disclosure.

Does Chen Jingye still hold a significant Sea (SE) stake after these sales?

Yes. A holding entry in the Form 4 shows 9,075,774 Class A ordinary shares held directly as of May 18, 2026. This indicates the 1,600 shares sold indirectly through the BVI entity represent a small fraction of his overall ownership position.

How many individual sale transactions did the Sea (SE) Form 4 include?

The transaction summary reports seven sale transactions of Class A ordinary shares, totaling 1,600 shares sold. Each transaction lists its own share amount and price, and price-range footnotes provide weighted average figures across groups of these sales.