STOCK TITAN

Sea Ltd (NYSE: SE) BVI entity sells 2,700 shares under 10b5-1 plan

(Moderate)
(Negative)
Form Type
4

Rhea-AI Filing Summary

Sea Ltd reports that a BVI entity controlled by CCO and GC Wang Yanjun sold a total of 2,700 Class A ordinary shares on July 28–29, 2026 under a Rule 10b5-1 trading plan adopted on March 26, 2026, at weighted-average prices between $103.51 and $109.83, with underlying trade prices ranging from $102.84 to $110.00. The filing also lists 1,162,442 Class A ordinary shares held directly.

Positive

  • None.

Negative

  • None.
Insider Wang Yanjun
Role CCO and GC
Sold 2,700 shs ($289K)
Type Security Shares Price Value
Sale Class A ordinary shares F1, F6 524 $107.67 $56K
Sale Class A ordinary shares F1, F7 521 $108.75 $57K
Sale Class A ordinary shares F1, F8 455 $109.83 $50K
Sale Class A ordinary shares F1, F2 283 $103.51 $29K
Sale Class A ordinary shares F1, F3 422 $104.37 $44K
Sale Class A ordinary shares F1, F4 298 $105.34 $31K
Sale Class A ordinary shares F1, F5 197 $106.36 $21K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 21,400 shares (Indirect, By BVI entity); Class A ordinary shares — 1,162,442 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 March 26, 2026.
  2. F2. Represents the weighted average price of shares sold at prices that ranged from $102.84 to $103.84. 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 $103.85 to $104.83.
  4. F4. Represents the weighted average price of shares sold at prices that ranged from $104.89 to $105.836.
  5. F5. Represents the weighted average price of shares sold at prices that ranged from $105.84 to $106.63.
  6. F6. Represents the weighted average price of shares sold at prices that ranged from $107.20 to $108.19.
  7. F7. Represents the weighted average price of shares sold at prices that ranged from $108.25 to $109.19.
  8. F8. Represents the weighted average price of shares sold at prices that ranged from $109.21 to $110.00.
Shares sold 2,700 Class A ordinary shares Aggregate shares sold on July 28–29, 2026 by a BVI entity controlled by the reporting person
Sale price range (weighted-average) $103.51–$109.83 per share Weighted-average prices for the seven reported sale transactions
Underlying trade price range $102.84–$110.00 per share Price ranges for individual trades referenced in footnotes F2–F8
Direct holdings 1,162,442 Class A ordinary shares Directly held shares reported in the holding entry dated July 28, 2026
Rule 10b5-1 plan adoption date March 26, 2026 Adoption date of the trading plan used for the reported sales
Rule 10b5-1 trading plan regulatory
"The shares were sold pursuant to a Rule 10b5-1 trading plan"
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"
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.
BVI entity financial
"adopted by a BVI entity controlled by the Reporting Person"

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FAQ

What insider share sales did Sea Ltd (SE) report for late July 2026?

Sea Ltd reported that a BVI entity controlled by CCO and GC Wang Yanjun sold 2,700 Class A ordinary shares on July 28–29, 2026. The sales were reported as indirect ownership and executed in multiple transactions at weighted-average prices between $103.51 and $109.83.

At what prices were Sea Ltd (SE) shares sold in the reported transactions?

The reported sales were executed at weighted-average prices from $103.51 to $109.83 per share. Footnotes state that individual trade prices within these transactions ranged from $102.84 to $110.00 per share across the various sale tranches.

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

Yes. Footnotes state the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person on March 26, 2026. The filing’s 10b5-1 checkbox is also affirmed for these transactions.

How many Sea Ltd (SE) shares does Wang Yanjun hold directly?

The filing reports 1,162,442 Class A ordinary shares held directly by Wang Yanjun. This direct holding is disclosed separately from the indirectly held shares sold by the BVI entity in the reported July 2026 transactions.

Are the reported Sea Ltd (SE) sales direct or indirect holdings of Wang Yanjun?

The sales involve indirect holdings. Each transaction is marked as indirect ownership, with the nature of ownership described as “By BVI entity.” That BVI entity is controlled by Wang Yanjun and executed the trades under a Rule 10b5-1 trading plan.
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*
Wang Yanjun

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CCO and GC
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/28/2026
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 shares07/28/2026S283(1)D$103.51(2)23,817IBy BVI entity
Class A ordinary shares07/28/2026S422(1)D$104.37(3)23,395IBy BVI entity
Class A ordinary shares07/28/2026S298(1)D$105.34(4)23,097IBy BVI entity
Class A ordinary shares07/28/2026S197(1)D$106.36(5)22,900IBy BVI entity
Class A ordinary shares07/29/2026S524(1)D$107.67(6)22,376IBy BVI entity
Class A ordinary shares07/29/2026S521(1)D$108.75(7)21,855IBy BVI entity
Class A ordinary shares07/29/2026S455(1)D$109.83(8)21,400IBy BVI entity
Class A ordinary shares1,162,442D
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 March 26, 2026.
2. Represents the weighted average price of shares sold at prices that ranged from $102.84 to $103.84. 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 $103.85 to $104.83.
4. Represents the weighted average price of shares sold at prices that ranged from $104.89 to $105.836.
5. Represents the weighted average price of shares sold at prices that ranged from $105.84 to $106.63.
6. Represents the weighted average price of shares sold at prices that ranged from $107.20 to $108.19.
7. Represents the weighted average price of shares sold at prices that ranged from $108.25 to $109.19.
8. Represents the weighted average price of shares sold at prices that ranged from $109.21 to $110.00.
/s/ Emily Tan, attorney-in-fact for Yanjun Wang07/30/2026
** 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)