Sea (NYSE: SE) CCO logs 1,600-share Rule 10b5-1 stock sale

Rhea-AI Filing Summary

Sea Ltd’s Chief Corporate Officer and General Counsel, Wang Yanjun, reported indirect open‑market sales of 1,600 Class A ordinary shares over March 26–27, 2026. The trades were executed by a BVI entity controlled by Wang under a Rule 10b5-1 trading plan adopted on September 4, 2025.

Sale prices ranged from about $77.94 to $82.98, with reported weighted average prices including $78.42, $79.26, $79.98, $81.41, $82.58 and $82.87. Following these transactions, the filing shows 31,600 shares held indirectly through the BVI entity and 1,220,976 shares held directly.

Insights

Equity compensation and insider-trading analyst

Small, pre-planned insider sale with large remaining stake.

The filing shows a BVI entity controlled by Sea Ltd executive Wang Yanjun sold 1,600 Class A shares in several open-market trades around $78–$83. All sales were made under a Rule 10b5-1 trading plan adopted on September 4, 2025, indicating they were pre-scheduled rather than timed opportunistically.

Context in the same report shows Wang still has a substantial position, with 31,600 shares held indirectly via the BVI entity and 1,220,976 shares held directly after these transactions. Given the small size of the sale relative to total holdings and its pre-planned nature, this looks like routine portfolio management rather than a thesis-changing move.

Insider Trade Summary 10b5-1

Net Seller: 1,600 shares ($127,569)

Net Sell 7 txns

Insider Wang Yanjun

Role CCO and GC

Sold 1,600 shs ($128K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	528	$78.42	$41K
Sale	Class A ordinary shares	272	$79.26	$22K
Sale	Class A ordinary shares	482	$79.98	$39K
Sale	Class A ordinary shares	183	$81.41	$15K
Sale	Class A ordinary shares	108	$82.58	$9K
Sale	Class A ordinary shares	27	$82.87	$2K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 31,872 shares (Indirect, By BVI entity); Class A ordinary shares — 1,220,976 shares (Direct)

Footnotes (1)

1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on September 4, 2025. Represents the weighted average price of shares sold at prices that ranged from $79.82 to $80.80. 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 $80.85 to $81.78. Represents the weighted average price of shares sold at prices that ranged from $81.90 to $82.80. Represents the weighted average price of shares sold at prices that ranged from $82.82 to $82.98. Represents the weighted average price of shares sold at prices that ranged from $77.94 to $78.90. Represents the weighted average price of shares sold at prices that ranged from $78.94 to $79.82.

Form 4 Insider Transactions: What Each Field Means →

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 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)
03/26/2026

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	03/26/2026		S		482(1)	D	$79.98(2)	32,718	I	By BVI entity
Class A ordinary shares	03/26/2026		S		183(1)	D	$81.41(3)	32,535	I	By BVI entity
Class A ordinary shares	03/26/2026		S		108(1)	D	$82.58(4)	32,427	I	By BVI entity
Class A ordinary shares	03/26/2026		S		27(1)	D	$82.87(5)	32,400	I	By BVI entity
Class A ordinary shares	03/27/2026		S		528(1)	D	$78.42(6)	31,872	I	By BVI entity
Class A ordinary shares	03/27/2026		S		272(1)	D	$79.26(7)	31,600	I	By BVI entity
Class A ordinary shares								1,220,976	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 September 4, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $79.82 to $80.80. 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 $80.85 to $81.78.

4. Represents the weighted average price of shares sold at prices that ranged from $81.90 to $82.80.

5. Represents the weighted average price of shares sold at prices that ranged from $82.82 to $82.98.

6. Represents the weighted average price of shares sold at prices that ranged from $77.94 to $78.90.

7. Represents the weighted average price of shares sold at prices that ranged from $78.94 to $79.82.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	03/30/2026
	** 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)

FAQ

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

Sea reported that a BVI entity controlled by executive Wang Yanjun sold 1,600 Class A ordinary shares in open-market trades. These transactions occurred on March 26–27, 2026 and are recorded as routine insider sales in the Form 4 filing.

At what prices were the Sea (SE) shares sold in Wang Yanjun’s Form 4?

The reported sales occurred at weighted average prices including $78.42, $79.26, $79.98, $81.41, $82.58 and $82.87. Footnotes note the actual trades took place within price ranges from about $77.94 up to $82.98.

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

Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Wang on September 4, 2025. Such plans pre-schedule trades, reducing the significance of day-to-day timing decisions.

How many Sea (SE) shares does Wang Yanjun hold after these transactions?

After the reported sales, the Form 4 shows 31,600 Class A shares held indirectly through the BVI entity and 1,220,976 Class A shares held directly. This indicates the 1,600-share sale is small relative to Wang’s overall reported holdings.

Are Wang Yanjun’s Sea (SE) share sales direct or through an entity?

The 1,600 shares sold were held indirectly and transacted by a BVI entity controlled by Wang, as noted in the ownership description. The Form 4 also lists a separate, much larger block of 1,220,976 shares held directly in Wang’s name.