Were Wang Yanjun’s Sea Ltd (SE) share sales under a Rule 10b5-1 plan?

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

Sea CCO Wang sells 3,000 shares under 10b5-1 plan

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

Wang Yanjun reported indirect sales of 3,000 Class A ordinary shares of Sea Ltd, executed on August 31, 2026 and September 1, 2026, through a BVI entity he controls, as disclosed in the Form 4 filing.

Q: How many Sea Ltd (SE) shares did Wang Yanjun sell and on which dates?

He indirectly sold a total of 3,000 Class A ordinary shares of Sea Ltd on August 31, 2026 and September 1, 2026, across ten separate sale transactions reported in the Form 4.

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

After the reported sales, Wang Yanjun holds 1,132,842 Class A ordinary shares of Sea Ltd directly. The filing does not quantify his remaining indirect holdings through the BVI entity.

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

The sales were reported as indirect holdings, executed by a BVI entity controlled by Wang Yanjun. The Form 4 describes the nature of ownership for the sold shares as being held by this BVI entity.

Under a 10b5-1 plan, CCO Wang Yanjun’s Aug. 31–Sep. 1 sale of 3,000 Sea shares cleared about $111–$118/share, leaving him with 1,132,842.

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Rhea-AI Filing Summary

Sea Ltd (SE) reported that officer Wang Yanjun, its CCO and GC, indirectly sold a total of 3,000 Class A ordinary shares of Sea during August 31, 2026 and September 1, 2026 through a BVI entity he controls. The sales were made under a Rule 10b5-1 trading plan adopted on March 26, 2026, at weighted average prices ranging from about $111 to $118 per share. After these transactions, Wang continues to hold 1,132,842 Class A ordinary shares directly.

Insider Trade Summary 10b5-1

Net Seller: 3,000 shares

Net Sell 11 txns

Insider Wang Yanjun

Role CCO and GC

Sold 3,000 shs ($340K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares ^{F1, F8}	500	$111.53	$56K
Sale	Class A ordinary shares ^{F1, F9}	380	$112.87	$43K
Sale	Class A ordinary shares ^{F1, F10}	416	$113.51	$47K
Sale	Class A ordinary shares ^{F1, F11}	204	$114.39	$23K
Sale	Class A ordinary shares ^{F1, F2}	600	$112.67	$68K
Sale	Class A ordinary shares ^{F1, F3}	89	$114.10	$10K
Sale	Class A ordinary shares ^{F1, F4}	685	$114.89	$79K
Sale	Class A ordinary shares ^{F1, F5}	90	$115.86	$10K
Sale	Class A ordinary shares ^{F1, F6}	18	$116.90	$2K
Sale	Class A ordinary shares ^{F1, F7}	18	$117.58	$2K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 15,600 shares (Indirect, By BVI entity); Class A ordinary shares — 1,132,842 shares (Direct)

Footnotes (11)

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.
F2. Represents the weighted average price of shares sold at prices that ranged from $112.35 to $113.17. 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.
F3. Represents the weighted average price of shares sold at prices that ranged from $113.47 to $114.33.
F4. Represents the weighted average price of shares sold at prices that ranged from $114.40 to $115.32.
F5. Represents the weighted average price of shares sold at prices that ranged from $115.39 to $116.28.
F6. Represents the weighted average price of shares sold at prices that ranged from $116.78 to $116.96.
F7. Represents the weighted average price of shares sold at prices that ranged from $117.49 to $117.77.
F8. Represents the weighted average price of shares sold at prices that ranged from $111.10 to $112.01.
F9. Represents the weighted average price of shares sold at prices that ranged from $112.15 to $113.09.
F10. Represents the weighted average price of shares sold at prices that ranged from $113.12 to $114.09.
F11. Represents the weighted average price of shares sold at prices that ranged from $114.10 to $114.73.

Key Figures

Shares sold: 3,000 shares Number of sale transactions: 10 transactions Representative sale price: $111.53 per share +3 more

6 metrics

Shares sold 3,000 shares Total Class A ordinary shares sold indirectly on August 31 and September 1, 2026

Number of sale transactions 10 transactions Non-derivative sales of Class A ordinary shares reported over the two days

Representative sale price $111.53 per share One of the reported weighted average prices for sales on September 1, 2026

Highest disclosed price range $117.49–$117.77 per share Price range associated with one of the August 31, 2026 sale groups

Lowest disclosed price range $111.10–$112.01 per share Price range associated with one of the September 1, 2026 sale groups

Direct holdings after transactions 1,132,842 shares Class A ordinary shares held directly by Wang Yanjun as of August 31, 2026

Key Terms

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

4 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 adopted"

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.

BVI entity technical

"adopted by a BVI entity controlled by the Reporting Person on March 26, 2026"

FAQ

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

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

Wang Yanjun reported indirect sales of 3,000 Class A ordinary shares of Sea Ltd, executed on August 31, 2026 and September 1, 2026, through a BVI entity he controls, as disclosed in the Form 4 filing.

How many Sea Ltd (SE) shares did Wang Yanjun sell and on which dates?

He indirectly sold a total of 3,000 Class A ordinary shares of Sea Ltd on August 31, 2026 and September 1, 2026, across ten separate sale transactions reported in the Form 4.

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

The reported weighted average sale prices ranged from about $111.10 to $117.77 per share, with individual sale lines showing representative prices such as $111.53, $112.87, $113.51, $114.39 and others within that disclosed range.

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

After the reported sales, Wang Yanjun holds 1,132,842 Class A ordinary shares of Sea Ltd directly. The filing does not quantify his remaining indirect holdings through the BVI entity.

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

The sales were reported as indirect holdings, executed by a BVI entity controlled by Wang Yanjun. The Form 4 describes the nature of ownership for the sold shares as being held by this BVI entity.

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

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Available on EDGAR 09/02/2026 - 06:06 AM EDT Accepted by SEC EDGAR 09/02/2026 - 06:06 AM EDT

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^*

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)
08/31/2026

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	08/31/2026		S		600⁽¹⁾	D	$112.67⁽²⁾	18,000	I	By BVI entity
Class A ordinary shares	08/31/2026		S		89⁽¹⁾	D	$114.1⁽³⁾	17,911	I	By BVI entity
Class A ordinary shares	08/31/2026		S		685⁽¹⁾	D	$114.89⁽⁴⁾	17,226	I	By BVI entity
Class A ordinary shares	08/31/2026		S		90⁽¹⁾	D	$115.86⁽⁵⁾	17,136	I	By BVI entity
Class A ordinary shares	08/31/2026		S		18⁽¹⁾	D	$116.9⁽⁶⁾	17,118	I	By BVI entity
Class A ordinary shares	08/31/2026		S		18⁽¹⁾	D	$117.58⁽⁷⁾	17,100	I	By BVI entity
Class A ordinary shares	09/01/2026		S		500⁽¹⁾	D	$111.53⁽⁸⁾	16,600	I	By BVI entity
Class A ordinary shares	09/01/2026		S		380⁽¹⁾	D	$112.87⁽⁹⁾	16,220	I	By BVI entity
Class A ordinary shares	09/01/2026		S		416⁽¹⁾	D	$113.51⁽¹⁰⁾	15,804	I	By BVI entity
Class A ordinary shares	09/01/2026		S		204⁽¹⁾	D	$114.39⁽¹¹⁾	15,600	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)
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 March 26, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $112.35 to $113.17. 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 $113.47 to $114.33.

4. Represents the weighted average price of shares sold at prices that ranged from $114.40 to $115.32.

5. Represents the weighted average price of shares sold at prices that ranged from $115.39 to $116.28.

6. Represents the weighted average price of shares sold at prices that ranged from $116.78 to $116.96.

7. Represents the weighted average price of shares sold at prices that ranged from $117.49 to $117.77.

8. Represents the weighted average price of shares sold at prices that ranged from $111.10 to $112.01.

9. Represents the weighted average price of shares sold at prices that ranged from $112.15 to $113.09.

10. Represents the weighted average price of shares sold at prices that ranged from $113.12 to $114.09.

11. Represents the weighted average price of shares sold at prices that ranged from $114.10 to $114.73.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	09/02/2026
	** 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