Sea COO Ye Gang sells 40,000 shares under plan

Sea Ltd COO and director Ye Gang reported pre-planned open-market sales totaling 40,000 Class A shares while retaining over 20 million shares.

Rhea-AI Filing Summary

Sea Ltd (SE) reported that director and COO Ye Gang had a BVI entity he controls sell a total of 40,000 Class A ordinary shares on September 4 and September 8, 2026, in multiple open-market transactions under a Rule 10b5-1 trading plan adopted on September 4, 2025. The reported prices were weighted-average sale prices ranging from about $110.72 to $114.34 per share. After these sales, Ye Gang is reported to hold 20,396,405 Class A ordinary shares directly.

Insider Trade Summary 10b5-1

Net Seller: 40,000 shares

Net Sell 8 txns

Insider Ye Gang

Role COO

Sold 40,000 shs ($4.52M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1, F5	2,722	$110.72	$301K
Sale	Class A ordinary shares F1, F6	2,020	$111.87	$226K
Sale	Class A ordinary shares F1, F7	6,495	$112.80	$733K
Sale	Class A ordinary shares F1, F8	8,763	$113.49	$995K
Sale	Class A ordinary shares F1, F2	6,481	$112.66	$730K
Sale	Class A ordinary shares F1, F3	12,129	$113.52	$1.38M
Sale	Class A ordinary shares F1, F4	1,390	$114.34	$159K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 758,792 shares (Indirect, By BVI entity); Class A ordinary shares — 20,396,405 shares (Direct)

Footnotes (8)

1. F1. 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. F2. Represents the weighted average price of shares sold at prices that ranged from $112.14 to $113.1397. 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. F3. Represents the weighted average price of shares sold at prices that ranged from $113.14 to $114.138.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $114.14 to $114.68.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $110.19 to $111.17.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $111.21 to $112.17.
7. F7. Represents the weighted average price of shares sold at prices that ranged from $112.20 to $113.19.
8. F8. Represents the weighted average price of shares sold at prices that ranged from $113.1905 to $114.10.

Key Figures

Shares sold: 40,000 Class A ordinary shares Direct holdings after transaction: 20,396,405 Class A ordinary shares Weighted average sale price example: $112.66 per share +4 more

7 metrics

Shares sold 40,000 Class A ordinary shares Total net shares sold by a BVI entity controlled by Ye Gang on September 4 and 8, 2026

Direct holdings after transaction 20,396,405 Class A ordinary shares Shares reported as held directly by Ye Gang after the September 4, 2026 transactions

Weighted average sale price example $112.66 per share Weighted average price for a 6,481-share sale on September 4, 2026, within a stated price range

Highest reported weighted average price $114.34 per share Weighted average price for a 1,390-share sale on September 4, 2026, within a stated price range

Lowest reported weighted average price $110.72 per share Weighted average price for a 2,722-share sale on September 8, 2026, within a stated price range

Number of sale transactions 7 transactions Non-derivative sales of Class A ordinary shares reported for September 4 and 8, 2026

Rule 10b5-1 plan adoption date September 4, 2025 Date the BVI entity controlled by Ye Gang adopted the trading plan used for these sales

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 by a BVI entity controlled by the Reporting Person on September 4, 2025."

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 $112.14 to $113.1397."

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 by a BVI entity controlled by the Reporting Person on September 4, 2025."

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 other

"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."

FAQ

What insider transaction did Sea Ltd (SE) disclose for Ye Gang?

Sea Ltd disclosed that COO and director Ye Gang, through a controlled BVI entity, sold 40,000 Class A ordinary shares in open-market transactions on September 4 and 8, 2026, while retaining a substantial direct shareholding.

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

The reported sales used weighted average prices for each group of trades, including about $110.72, $111.87, $112.80, $113.49, $112.66, $113.52, and $114.34 per Class A ordinary share, with detailed price ranges described in the footnotes.

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

Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on September 4, 2025 by a BVI entity controlled by Ye Gang. This indicates the trades were pre-arranged under that plan.

How many Sea Ltd (SE) shares does Ye Gang hold after the reported sales?

After the reported sales, Ye Gang is shown as holding 20,396,405 Class A ordinary shares directly. The filing also reports that the sold shares were held indirectly through a BVI entity he controls.

Were Ye Gang’s Sea Ltd (SE) sales direct or through another entity?

The sales were indirect: the filing states the Class A ordinary shares were held and sold by a BVI entity controlled by the reporting person. A separate line shows his remaining 20,396,405 shares held directly.

How many separate transactions did the Sea Ltd (SE) Form 4 report?

The Form 4 reports seven separate sale transactions of Class A ordinary shares, all on September 4 and 8, 2026, plus one additional line showing Ye Gang’s direct holdings after the transactions.

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Available on EDGAR 09/09/2026 - 06:04 AM Accepted by SEC EDGAR 09/09/2026 - 06:01 AM Learn about SEC filing dates

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 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)
09/04/2026

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	09/04/2026		S		6,481(1)	D	$112.66(2)	792,311	I	By BVI entity
Class A ordinary shares	09/04/2026		S		12,129(1)	D	$113.52(3)	780,182	I	By BVI entity
Class A ordinary shares	09/04/2026		S		1,390(1)	D	$114.34(4)	778,792	I	By BVI entity
Class A ordinary shares	09/08/2026		S		2,722(1)	D	$110.72(5)	776,070	I	By BVI entity
Class A ordinary shares	09/08/2026		S		2,020(1)	D	$111.87(6)	774,050	I	By BVI entity
Class A ordinary shares	09/08/2026		S		6,495(1)	D	$112.8(7)	767,555	I	By BVI entity
Class A ordinary shares	09/08/2026		S		8,763(1)	D	$113.49(8)	758,792	I	By BVI entity
Class A ordinary shares								20,396,405	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)
				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 $112.14 to $113.1397. 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 $113.14 to $114.138.

4. Represents the weighted average price of shares sold at prices that ranged from $114.14 to $114.68.

5. Represents the weighted average price of shares sold at prices that ranged from $110.19 to $111.17.

6. Represents the weighted average price of shares sold at prices that ranged from $111.21 to $112.17.

7. Represents the weighted average price of shares sold at prices that ranged from $112.20 to $113.19.

8. Represents the weighted average price of shares sold at prices that ranged from $113.1905 to $114.10.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	09/09/2026
	** 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)