Sea (NYSE: SE) COO entity sells 20,000 shares under 10b5-1 plan

Q: What insider transaction did Sea Ltd (SE) report for COO Ye Gang?

Sea Ltd COO Ye Gang reported indirect open-market sales of 20,000 Class A ordinary shares . The trades occurred over two days and were executed through a BVI entity he controls, according to the Form 4 filing data and related footnotes.

Q: At what prices were the Sea Ltd (SE) insider shares sold?

The 20,000 Sea Ltd shares were sold at weighted average prices generally between about $86 and $90 per share . Footnotes explain that individual trades occurred within narrow price ranges and that full price breakdowns are available upon request to the reporting person.

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

After the reported sales, Ye Gang reports holding 22,206,405 Class A ordinary shares directly. The filing also shows additional shares held indirectly through a BVI entity , though the detailed indirect post-transaction total is presented across several table entries.

Q: What type of securities were involved in the Sea Ltd (SE) Form 4?

All transactions involved Sea Ltd Class A ordinary shares on a non-derivative basis. The Form 4’s derivative section is empty, and the derivativeSummary shows no option or warrant exercises, so the filing reflects only direct share sales and holdings.

Q: How significant are the Sea Ltd (SE) insider sales relative to Ye Gang’s position?

The Form 4 shows sales of 20,000 shares versus 22,206,405 Class A ordinary shares reported as held directly afterward. That means the transactions represent only a small fraction of his disclosed direct equity stake in Sea Ltd, based on this filing.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd chief operating officer Ye Gang reported open-market sales of a total of 20,000 Class A ordinary shares linked to a BVI entity he controls. The shares were sold on May 18–19, 2026 at weighted average prices ranging from about $86 to $90 per share under a pre-arranged Rule 10b5-1 trading plan. After these transactions, he also reports 22,206,405 Class A ordinary shares held directly.

Insights

Planned, small-scale insider sales via a controlled entity look routine.

The filing shows a BVI entity controlled by Sea Ltd COO Ye Gang selling 20,000 Class A ordinary shares in open-market trades. The sales used a pre-established Rule 10b5-1 trading plan, indicating they were scheduled in advance rather than timed opportunistically.

Context matters: Ye reports 22,206,405 Class A ordinary shares held directly after these transactions, so the sold amount is small relative to his disclosed direct stake. With no derivative exercises and sales made under a plan, this appears to be a routine liquidity event rather than a thesis-changing move.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares ($1,753,828)

Net Sell 8 txns

Insider Ye Gang

Role COO

Sold 20,000 shs ($1.75M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	3,391	$86.81	$294K
Sale	Class A ordinary shares	6,009	$87.42	$525K
Sale	Class A ordinary shares	600	$88.42	$53K
Sale	Class A ordinary shares	400	$87.06	$35K
Sale	Class A ordinary shares	8,600	$88.02	$757K
Sale	Class A ordinary shares	700	$89.10	$62K
Sale	Class A ordinary shares	300	$89.77	$27K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 276,609 shares (Indirect, By BVI entity); Class A ordinary shares — 22,206,405 shares (Direct, null)

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 $86.54 to $87.49. 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 $87.60 to $88.51. Represents the weighted average price of shares sold at prices that ranged from $88.57 to $89.40. Represents the weighted average price of shares sold at prices that ranged from $89.65 to $89.87. Represents the weighted average price of shares sold at prices that ranged from $86.09 to $87.090. Represents the weighted average price of shares sold at prices that ranged from $87.093 to $88.07. Represents the weighted average price of shares sold at prices that ranged from $88.20 to $88.70.

Key Figures

Shares sold: 20,000 shares Direct holdings after transaction: 22,206,405 shares Example sale price: $89.77 per share +3 more

6 metrics

Shares sold 20,000 shares Total Class A ordinary shares sold in open-market transactions

Direct holdings after transaction 22,206,405 shares Class A ordinary shares reported as held directly after trades

Example sale price $89.77 per share One May 18, 2026 open-market sale price

Lower price range $86.09 per share Lower end of disclosed weighted-average sale price ranges

Upper price range $89.87 per share Upper end of disclosed weighted-average sale price ranges

10b5-1 plan adoption date September 4, 2025 Date BVI entity’s Rule 10b5-1 trading plan was adopted

Key Terms

Rule 10b5-1 trading plan, Class A ordinary shares, weighted average price, BVI entity, +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 controlled by the Reporting Person"

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.

Class A ordinary shares financial

"All transactions list the security title as 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.

weighted average price financial

"Represents the weighted average price of shares sold at prices that ranged from $86.54 to $87.49"

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.

BVI entity financial

"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person"

open-market sale financial

"transaction_action is open-market sale with transaction code S for each non-derivative entry"

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.

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 06:01 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)
05/18/2026

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	05/18/2026		S		400⁽¹⁾	D	$87.06⁽²⁾	289,600	I	By BVI entity
Class A ordinary shares	05/18/2026		S		8,600⁽¹⁾	D	$88.02⁽³⁾	281,000	I	By BVI entity
Class A ordinary shares	05/18/2026		S		700⁽¹⁾	D	$89.1⁽⁴⁾	280,300	I	By BVI entity
Class A ordinary shares	05/18/2026		S		300⁽¹⁾	D	$89.77⁽⁵⁾	280,000	I	By BVI entity
Class A ordinary shares	05/19/2026		S		3,391⁽¹⁾	D	$86.81⁽⁶⁾	276,609	I	By BVI entity
Class A ordinary shares	05/19/2026		S		6,009⁽¹⁾	D	$87.42⁽⁷⁾	270,600	I	By BVI entity
Class A ordinary shares	05/19/2026		S		600⁽¹⁾	D	$88.42⁽⁸⁾	270,000	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)
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 $86.54 to $87.49. 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 $87.60 to $88.51.

4. Represents the weighted average price of shares sold at prices that ranged from $88.57 to $89.40.

5. Represents the weighted average price of shares sold at prices that ranged from $89.65 to $89.87.

6. Represents the weighted average price of shares sold at prices that ranged from $86.09 to $87.090.

7. Represents the weighted average price of shares sold at prices that ranged from $87.093 to $88.07.

8. Represents the weighted average price of shares sold at prices that ranged from $88.20 to $88.70.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	05/20/2026
	** 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

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

Sea Ltd COO Ye Gang reported indirect open-market sales of 20,000 Class A ordinary shares. The trades occurred over two days and were executed through a BVI entity he controls, according to the Form 4 filing data and related footnotes.

At what prices were the Sea Ltd (SE) insider shares sold?

The 20,000 Sea Ltd shares were sold at weighted average prices generally between about $86 and $90 per share. Footnotes explain that individual trades occurred within narrow price ranges and that full price breakdowns are available upon request to the reporting person.

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

Yes. The Form 4 footnotes state the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person on September 4, 2025, indicating the transactions were pre-planned rather than discretionary.

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

After the reported sales, Ye Gang reports holding 22,206,405 Class A ordinary shares directly. The filing also shows additional shares held indirectly through a BVI entity, though the detailed indirect post-transaction total is presented across several table entries.

What type of securities were involved in the Sea Ltd (SE) Form 4?

All transactions involved Sea Ltd Class A ordinary shares on a non-derivative basis. The Form 4’s derivative section is empty, and the derivativeSummary shows no option or warrant exercises, so the filing reflects only direct share sales and holdings.

How significant are the Sea Ltd (SE) insider sales relative to Ye Gang’s position?

The Form 4 shows sales of 20,000 shares versus 22,206,405 Class A ordinary shares reported as held directly afterward. That means the transactions represent only a small fraction of his disclosed direct equity stake in Sea Ltd, based on this filing.