What insider share sale did Sea Ltd (SE) report for Ye Gang?

Sea Ltd reported that a BVI entity controlled by COO Ye Gang sold 20,000 Class A ordinary shares. The open-market sales occurred on April 8–9, 2026, and were executed under a pre-planned Rule 10b5-1 trading plan adopted on September 4, 2025.

Who actually executed the Sea Ltd (SE) share sales reported for Ye Gang?

The sales were executed by a BVI entity controlled by Ye Gang, not directly by him personally. The Form 4 lists the ownership as indirect, described as “By BVI entity,” with Ye Gang as the reporting person and controller of that entity.

Sea Ltd (NYSE: SE) COO-linked entity pre-planned sale of 20K shares

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd director and COO Ye Gang, through a BVI entity he controls, reported open-market sales of 20,000 Class A ordinary shares of Sea over April 8–9, 2026. The trades were executed under a Rule 10b5-1 trading plan adopted on September 4, 2025, meaning the sales were pre-planned.

The shares were sold in multiple transactions at weighted average prices within ranges from about $82.49 to $89.26 per share. After these sales, the BVI entity held 360,000 Class A shares indirectly, while Ye Gang also held 22,396,405 Class A shares directly, indicating the transactions represent a small portion of his overall holdings.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares ($1,698,723)

Net Sell 8 txns

Insider Ye Gang

Role COO

Sold 20,000 shs ($1.70M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	7,466	$82.71	$618K
Sale	Class A ordinary shares	934	$83.98	$78K
Sale	Class A ordinary shares	1,600	$84.80	$136K
Sale	Class A ordinary shares	5,000	$86.04	$430K
Sale	Class A ordinary shares	3,900	$87.13	$340K
Sale	Class A ordinary shares	1,000	$88.17	$88K
Sale	Class A ordinary shares	100	$89.16	$9K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 362,534 shares (Indirect, By BVI entity); Class A ordinary shares — 22,396,405 shares (Direct)

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 September 4, 2025. Represents the weighted average price of shares sold at prices that ranged from $85.63 to $86.62. 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 $86.63 to $87.59. Represents the weighted average price of shares sold at prices that ranged from $87.78 to $88.55. Represents the weighted average price of shares sold at prices that ranged from $88.97 to $89.26. Represents the weighted average price of shares sold at prices that ranged from $82.49 to $83.46. Represents the weighted average price of shares sold at prices that ranged from $83.49 to $84.38. Represents the weighted average price of shares sold at prices that ranged from $84.59 to $85.00.

Key Figures

Shares sold: 20,000 shares Price range: $82.49–$89.26 per share Indirect holdings after sales: 360,000 shares +2 more

5 metrics

Shares sold 20,000 shares Total Class A ordinary shares sold April 8–9, 2026

Price range $82.49–$89.26 per share Weighted average sale price ranges noted in footnotes

Indirect holdings after sales 360,000 shares Class A ordinary shares held by BVI entity after transactions

Direct holdings after sales 22,396,405 shares Class A ordinary shares held directly by Ye Gang as of April 8, 2026

Number of sale transactions 7 transactions Open-market sale entries reported in Form 4

Key Terms

Rule 10b5-1 trading plan, weighted average price, Class A ordinary shares, open-market sale, +1 more

5 terms

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 $85.63 to $86.62."

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

"security_title": "Class A ordinary shares""

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.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "By BVI entity""

Form 4 Insider Transactions: What Each Field Means →

04/10/2026 - 06:06 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^*

Ye Gang

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

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	04/08/2026		S		5,000⁽¹⁾	D	$86.04⁽²⁾	375,000	I	By BVI entity
Class A ordinary shares	04/08/2026		S		3,900⁽¹⁾	D	$87.13⁽³⁾	371,100	I	By BVI entity
Class A ordinary shares	04/08/2026		S		1,000⁽¹⁾	D	$88.17⁽⁴⁾	370,100	I	By BVI entity
Class A ordinary shares	04/08/2026		S		100⁽¹⁾	D	$89.16⁽⁵⁾	370,000	I	By BVI entity
Class A ordinary shares	04/09/2026		S		7,466⁽¹⁾	D	$82.71⁽⁶⁾	362,534	I	By BVI entity
Class A ordinary shares	04/09/2026		S		934⁽¹⁾	D	$83.98⁽⁷⁾	361,600	I	By BVI entity
Class A ordinary shares	04/09/2026		S		1,600⁽¹⁾	D	$84.8⁽⁸⁾	360,000	I	By BVI entity
Class A ordinary shares								22,396,405	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 September 4, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $85.63 to $86.62. 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 $86.63 to $87.59.

4. Represents the weighted average price of shares sold at prices that ranged from $87.78 to $88.55.

5. Represents the weighted average price of shares sold at prices that ranged from $88.97 to $89.26.

6. Represents the weighted average price of shares sold at prices that ranged from $82.49 to $83.46.

7. Represents the weighted average price of shares sold at prices that ranged from $83.49 to $84.38.

8. Represents the weighted average price of shares sold at prices that ranged from $84.59 to $85.00.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	04/10/2026
	** 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

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

The reported Sea Ltd sales occurred at weighted average prices within ranges from about $82.49 to $89.26 per share. Individual line items include prices such as $82.71, $83.98, $84.80, $86.04, $87.13, $88.17, and $89.16 for different trade blocks.

How many Sea Ltd (SE) shares does Ye Gang hold after these transactions?

After the reported sales, the BVI entity held 360,000 Class A shares indirectly, and Ye Gang held 22,396,405 Class A shares directly. This indicates the 20,000 shares sold represent only a small fraction of his total reported holdings in Sea Ltd.

Were the Sea Ltd (SE) insider sales made under a Rule 10b5-1 plan?

Yes, the filing states the shares were sold under a Rule 10b5-1 trading plan adopted on September 4, 2025. Such plans are established in advance and allow pre-scheduled trades, reducing the significance of short-term market timing for these transactions.

How many separate sale transactions are included in this Sea Ltd (SE) Form 4?

The Form 4 shows seven separate open-market sale transactions totaling 20,000 shares. These transactions occurred over two days, April 8 and April 9, 2026, with varying trade sizes and prices, all in Sea Ltd Class A ordinary shares.