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

The sales were executed by a BVI entity described as being controlled by Sea Ltd’s CCO and GC, Wang Yanjun. The transactions are reported as indirect ownership, reflecting that the shares are held through this BVI entity rather than directly by Wang.

Sea Ltd (NYSE: SE) CCO-linked BVI entity sells 1,600 shares under 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

A BVI entity controlled by Sea Ltd’s CCO and GC Wang Yanjun reported open-market sales of 1,600 Class A ordinary shares of Sea Ltd on April 16–17, 2026. The trades were executed under a Rule 10b5-1 trading plan adopted on September 4, 2025, at weighted average prices ranging from about $85.91 to $93.30 per share. Following these transactions, the filing shows 20,400 shares held indirectly by the BVI entity and 1,222,842 shares held directly by Wang.

Insider Trade Summary 10b5-1

Net Seller: 1,600 shares ($144,764)

Net Sell 10 txns

Insider Wang Yanjun

Role CCO and GC

Sold 1,600 shs ($145K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	15	$90.25	$1K
Sale	Class A ordinary shares	216	$91.51	$20K
Sale	Class A ordinary shares	476	$92.19	$44K
Sale	Class A ordinary shares	93	$93.03	$9K
Sale	Class A ordinary shares	61	$86.26	$5K
Sale	Class A ordinary shares	99	$87.71	$9K
Sale	Class A ordinary shares	182	$88.09	$16K
Sale	Class A ordinary shares	314	$89.51	$28K
Sale	Class A ordinary shares	144	$90.46	$13K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 21,185 shares (Indirect, By BVI entity); Class A ordinary shares — 1,222,842 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 $85.91 to $86.76. 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 $86.92 to $87.90. Represents the weighted average price of shares sold at prices that ranged from $87.92 to $88.79. Represents the weighted average price of shares sold at prices that ranged from $89.12 to $89.90. Represents the weighted average price of shares sold at prices that ranged from $90.04 to $90.80. Represents the weighted average price of shares sold at prices that ranged from $89.82 to $90.60. Represents the weighted average price of shares sold at prices that ranged from $90.82 to $91.81. Represents the weighted average price of shares sold at prices that ranged from $91.82 to $92.81. Represents the weighted average price of shares sold at prices that ranged from $92.83 to $93.30.

Key Figures

Shares sold: 1,600 shares Highest reported sale price: $93.03 per share Lowest price range bound: $85.91 per share +5 more

8 metrics

Shares sold 1,600 shares Total Class A ordinary shares sold April 16–17, 2026

Highest reported sale price $93.03 per share Individual open-market sale price on April 17, 2026

Lowest price range bound $85.91 per share Lower end of disclosed weighted-average price ranges

Highest price range bound $93.30 per share Upper end of disclosed weighted-average price ranges

Indirect holdings after trades 20,400 shares Class A ordinary shares held indirectly by BVI entity after sales

Direct holdings reported 1,222,842 shares Class A ordinary shares held directly as of April 16, 2026

Number of sale transactions 9 transactions Non-derivative open-market sales summarized in transactionSummary

Plan adoption date September 4, 2025 Adoption date of Rule 10b5-1 trading plan by BVI entity

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 $85.91 to $86.76"

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.

BVI entity regulatory

"a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person"

Form 4 Insider Transactions: What Each Field Means →

04/20/2026 - 06:03 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^*

Wang Yanjun

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CCO and GC

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026

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	04/16/2026		S		61⁽¹⁾	D	$86.26⁽²⁾	21,939	I	By BVI entity
Class A ordinary shares	04/16/2026		S		99⁽¹⁾	D	$87.71⁽³⁾	21,840	I	By BVI entity
Class A ordinary shares	04/16/2026		S		182⁽¹⁾	D	$88.09⁽⁴⁾	21,658	I	By BVI entity
Class A ordinary shares	04/16/2026		S		314⁽¹⁾	D	$89.51⁽⁵⁾	21,344	I	By BVI entity
Class A ordinary shares	04/16/2026		S		144⁽¹⁾	D	$90.46⁽⁶⁾	21,200	I	By BVI entity
Class A ordinary shares	04/17/2026		S		15⁽¹⁾	D	$90.25⁽⁷⁾	21,185	I	By BVI entity
Class A ordinary shares	04/17/2026		S		216⁽¹⁾	D	$91.51⁽⁸⁾	20,969	I	By BVI entity
Class A ordinary shares	04/17/2026		S		476⁽¹⁾	D	$92.19⁽⁹⁾	20,493	I	By BVI entity
Class A ordinary shares	04/17/2026		S		93⁽¹⁾	D	$93.03⁽¹⁰⁾	20,400	I	By BVI entity
Class A ordinary shares								1,222,842	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 $85.91 to $86.76. 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 $86.92 to $87.90.

4. Represents the weighted average price of shares sold at prices that ranged from $87.92 to $88.79.

5. Represents the weighted average price of shares sold at prices that ranged from $89.12 to $89.90.

6. Represents the weighted average price of shares sold at prices that ranged from $90.04 to $90.80.

7. Represents the weighted average price of shares sold at prices that ranged from $89.82 to $90.60.

8. Represents the weighted average price of shares sold at prices that ranged from $90.82 to $91.81.

9. Represents the weighted average price of shares sold at prices that ranged from $91.82 to $92.81.

10. Represents the weighted average price of shares sold at prices that ranged from $92.83 to $93.30.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	04/20/2026
	** 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 activity did Sea Ltd (SE) report for Wang Yanjun?

Sea Ltd reported that a BVI entity controlled by CCO and GC Wang Yanjun sold 1,600 Class A ordinary shares in open-market transactions. These sales occurred on April 16–17, 2026, and were disclosed in a Form 4 insider trading report.

How many Sea Ltd (SE) shares were sold and at what prices?

The Form 4 shows total sales of 1,600 Class A ordinary shares of Sea Ltd. Weighted average sale prices for the various trades ranged from about $85.91 to $93.30 per share, based on the price ranges disclosed in the filing’s footnotes.

What is the Rule 10b5-1 trading plan mentioned for Sea Ltd (SE)?

The filing states that the shares were sold under a Rule 10b5-1 trading plan adopted by the BVI entity on September 4, 2025. This means the trades followed a pre-established plan disclosed in the Form 4 footnotes.

What are Wang Yanjun’s reported Sea Ltd (SE) holdings after these sales?

After the reported sales, the Form 4 shows 20,400 Class A ordinary shares held indirectly through the BVI entity. Separately, it also reports 1,222,842 Class A ordinary shares held directly by Wang as of April 16, 2026, in a holding entry.

Were there any derivative securities involved in this Sea Ltd (SE) Form 4?

The insider report indicates only non-derivative transactions in Class A ordinary shares, all coded as open-market sales. The derivativeSummary section is empty, showing no option exercises, conversions, or other derivative transactions in this particular filing.