[Form 4] Sea Ltd Insider Trading Activity

Rhea-AI Filing Summary

Sea Ltd director and COO Ye Gang reported indirect open-market sales of 20,000 Class A ordinary shares of Sea Ltd over May 14–15, 2026. The transactions were executed by a BVI entity controlled by him under a pre-arranged Rule 10b5-1 trading plan adopted on September 4, 2025, meaning the sales were scheduled in advance.

Sale prices ranged from about $87.50 to $92.92 per share, with individual trades reported using weighted average prices. After these transactions, the filing shows 22,206,405 Class A shares held directly and 290,000 shares held indirectly through the BVI entity, indicating the sales represent a small portion of his overall disclosed holdings.

Insights

Equity market structure analyst

Pre-planned, modest insider sales via BVI entity look routine.

The filing shows a BVI entity controlled by COO and director Ye Gang sold 20,000 Class A shares of Sea Ltd in open-market trades. Footnotes state these were made under a Rule 10b5-1 trading plan adopted on September 4, 2025, so timing was pre-scheduled.

Post-transaction, reported holdings remain large: 22,206,405 shares directly and 290,000 shares indirectly. With no derivative exercises and only net-sell activity, this looks like a routine diversification or liquidity event, rather than a major change in exposure, based solely on the figures disclosed here.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares ($1,777,533)

Net Sell 10 txns

Insider Ye Gang

Role COO

Sold 20,000 shs ($1.78M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	6,300	$88.17	$555K
Sale	Class A ordinary shares	2,600	$89.09	$232K
Sale	Class A ordinary shares	1,100	$89.90	$99K
Sale	Class A ordinary shares	3,645	$88.05	$321K
Sale	Class A ordinary shares	2,555	$89.02	$227K
Sale	Class A ordinary shares	3,103	$89.94	$279K
Sale	Class A ordinary shares	258	$90.93	$23K
Sale	Class A ordinary shares	274	$92.35	$25K
Sale	Class A ordinary shares	165	$92.74	$15K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 293,700 shares (Indirect, By BVI entity); Class A ordinary shares — 22,206,405 shares (Direct, null)

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 $87.50 to $88.49. 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 $88.51 to $89.496. Represents the weighted average price of shares sold at prices that ranged from $89.50 to $90.47. Represents the weighted average price of shares sold at prices that ranged from $90.50 to $91.349. Represents the weighted average price of shares sold at prices that ranged from $92.69 to $92.92. Represents the weighted average price of shares sold at prices that ranged from $87.74 to $88.73. Represents the weighted average price of shares sold at prices that ranged from $88.75 to $89.67. Represents the weighted average price of shares sold at prices that ranged from $89.74 to $90.17.

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^*

Ye Gang

(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)

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)
05/14/2026

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	05/14/2026		S		3,645(1)	D	$88.05(2)	306,355	I	By BVI entity
Class A ordinary shares	05/14/2026		S		2,555(1)	D	$89.02(3)	303,800	I	By BVI entity
Class A ordinary shares	05/14/2026		S		3,103(1)	D	$89.94(4)	300,697	I	By BVI entity
Class A ordinary shares	05/14/2026		S		258(1)	D	$90.93(5)	300,439	I	By BVI entity
Class A ordinary shares	05/14/2026		S		274(1)	D	$92.35	300,165	I	By BVI entity
Class A ordinary shares	05/14/2026		S		165(1)	D	$92.74(6)	300,000	I	By BVI entity
Class A ordinary shares	05/15/2026		S		6,300(1)	D	$88.17(7)	293,700	I	By BVI entity
Class A ordinary shares	05/15/2026		S		2,600(1)	D	$89.09(8)	291,100	I	By BVI entity
Class A ordinary shares	05/15/2026		S		1,100(1)	D	$89.9(9)	290,000	I	By BVI entity
Class A ordinary shares								22,206,405	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)
				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 $87.50 to $88.49. 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 $88.51 to $89.496.

4. Represents the weighted average price of shares sold at prices that ranged from $89.50 to $90.47.

5. Represents the weighted average price of shares sold at prices that ranged from $90.50 to $91.349.

6. Represents the weighted average price of shares sold at prices that ranged from $92.69 to $92.92.

7. Represents the weighted average price of shares sold at prices that ranged from $87.74 to $88.73.

8. Represents the weighted average price of shares sold at prices that ranged from $88.75 to $89.67.

9. Represents the weighted average price of shares sold at prices that ranged from $89.74 to $90.17.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	05/18/2026
	** 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)