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  4. [Form 4] Sea Ltd Insider Trading Activity

Sea COO Ye Gang sells 40,000 shares in plan

Even after the Aug. 31–Sep. 1 sales of 40,000 Class A shares under a 10b5-1 plan, Ye Gang still held 20,976,405 shares.

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Sea Ltd (SE) director and COO Ye Gang reported that an affiliated BVI entity he controls sold a total of 40,000 Class A ordinary shares in multiple open‑market transactions on August 31 and September 1, 2026, under a Rule 10b5-1 trading plan adopted on September 4, 2025. After these sales, Ye Gang continued to hold 20,976,405 Class A ordinary shares directly.

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Insights

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Insider Ye Gang
Role COO
Sold 40,000 shs ($4.55M)
Type Security Shares Price Value
Sale Class A ordinary shares F1, F8 3,616 $111.72 $404K
Sale Class A ordinary shares F1, F9 5,012 $112.99 $566K
Sale Class A ordinary shares F1, F10 8,032 $113.70 $913K
Sale Class A ordinary shares F1, F11 3,340 $114.46 $382K
Sale Class A ordinary shares F1, F2 6,014 $112.48 $676K
Sale Class A ordinary shares F1, F3 786 $113.32 $89K
Sale Class A ordinary shares F1, F4 6,607 $114.63 $757K
Sale Class A ordinary shares F1, F5 5,493 $115.17 $633K
Sale Class A ordinary shares F1, F6 900 $116.42 $105K
Sale Class A ordinary shares F1, F7 200 $117.63 $24K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 258,792 shares (Indirect, By BVI entity); Class A ordinary shares — 20,976,405 shares (Direct)
Footnotes (11)
  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 $111.97 to $112.94. 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 $113.00 to $113.82.
  4. F4. Represents the weighted average price of shares sold at prices that ranged from $114.06 to $114.96.
  5. F5. Represents the weighted average price of shares sold at prices that ranged from $114.97 to $115.92.
  6. F6. Represents the weighted average price of shares sold at prices that ranged from $115.99 to $116.96.
  7. F7. Represents the weighted average price of shares sold at prices that ranged from $117.49 to $117.77.
  8. F8. Represents the weighted average price of shares sold at prices that ranged from $111.30 to $112.28.
  9. F9. Represents the weighted average price of shares sold at prices that ranged from $112.34 to $113.295.
  10. F10. Represents the weighted average price of shares sold at prices that ranged from $113.30 to $114.29.
  11. F11. Represents the weighted average price of shares sold at prices that ranged from $114.30 to $114.73.
Total shares sold 40,000 shares Class A ordinary shares sold indirectly on August 31 and September 1, 2026
Direct holdings after transactions 20,976,405 shares Class A ordinary shares held directly by Ye Gang after August 31, 2026
Reported price range of trades $111.30–$117.77 per share Underlying trade prices within the weighted‑average sale prices disclosed in the footnotes
Number of sale transactions 10 transactions Individual open‑market sale entries of Class A ordinary shares
Rule 10b5-1 plan adoption date September 4, 2025 Date the trading plan used for these sales was adopted by the BVI entity
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 $111.97 to $112.94."
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 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."

FAQ

What insider activity did Sea Ltd (SE) disclose for Ye Gang?
Sea Ltd disclosed that Ye Gang, its director and COO, had an affiliated BVI entity sell 40,000 Class A ordinary shares in the open market on August 31 and September 1, 2026, while he continued to hold 20,976,405 shares directly afterward.

At what prices were Sea Ltd (SE) shares sold in Ye Gang’s recent transactions?
The reported sales used weighted average prices, with individual trades occurring in price ranges disclosed between $111.30 and $117.77 per share. Full information on the number of shares sold at each separate price within those ranges is available from the reporting person upon request.

How many Sea Ltd (SE) shares does Ye Gang hold after the reported sales?
After the reported transactions, Ye Gang held 20,976,405 Class A ordinary shares of Sea Ltd directly. The filing did not state the remaining indirect holdings of the affiliated BVI entity that executed the sales.

Were Ye Gang’s Sea Ltd (SE) share sales under a Rule 10b5-1 plan?
Yes. The sales were made under a Rule 10b5-1 trading plan adopted on September 4, 2025 by a BVI entity controlled by Ye Gang, as disclosed in the footnotes to the transactions.

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SEC Form 4
FORM 4UNITED 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)
SINGAPORE138522
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A ordinary shares08/31/2026S6,014(1)D$112.48(2)292,778IBy BVI entity
Class A ordinary shares08/31/2026S786(1)D$113.32(3)291,992IBy BVI entity
Class A ordinary shares08/31/2026S6,607(1)D$114.63(4)285,385IBy BVI entity
Class A ordinary shares08/31/2026S5,493(1)D$115.17(5)279,892IBy BVI entity
Class A ordinary shares08/31/2026S900(1)D$116.42(6)278,992IBy BVI entity
Class A ordinary shares08/31/2026S200(1)D$117.63(7)278,792IBy BVI entity
Class A ordinary shares09/01/2026S3,616(1)D$111.72(8)275,176IBy BVI entity
Class A ordinary shares09/01/2026S5,012(1)D$112.99(9)270,164IBy BVI entity
Class A ordinary shares09/01/2026S8,032(1)D$113.7(10)262,132IBy BVI entity
Class A ordinary shares09/01/2026S3,340(1)D$114.46(11)258,792IBy BVI entity
Class A ordinary shares20,976,405D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 $111.97 to $112.94. 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 $113.00 to $113.82.
4. Represents the weighted average price of shares sold at prices that ranged from $114.06 to $114.96.
5. Represents the weighted average price of shares sold at prices that ranged from $114.97 to $115.92.
6. Represents the weighted average price of shares sold at prices that ranged from $115.99 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 $111.30 to $112.28.
9. Represents the weighted average price of shares sold at prices that ranged from $112.34 to $113.295.
10. Represents the weighted average price of shares sold at prices that ranged from $113.30 to $114.29.
11. Represents the weighted average price of shares sold at prices that ranged from $114.30 to $114.73.
/s/ Mark Tang, attorney-in-fact for Gang Ye09/02/2026
** Signature of Reporting PersonDate
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