Sea executive sells 1,600 shares in pre-set plan

Sea Ltd chief product officer of Shopee, Chen Jingye, reported small open-market sales of Class A ordinary shares through a BVI entity he controls.

Rhea-AI Filing Summary

Sea Ltd chief product officer of Shopee, Chen Jingye, reported small open-market sales of Class A ordinary shares through a BVI entity he controls. The entity sold 1,600 shares on May 6–7 in multiple trades under a pre-arranged Rule 10b5-1 trading plan adopted on August 28, 2025.

Sale prices ranged from about $86.20 to $91.75 per share, with reported weighted average prices for each trade. After these transactions, Chen continued to hold 9,075,774 Class A shares directly as of May 6, indicating that the sales represent a very small fraction of his overall position.

Insider Trade Summary 10b5-1

Net Seller: 1,600 shares

Net Sell 8 txns

Insider Chen Jingye

Role CPO, Shopee

Sold 1,600 shs ($143K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	485	$89.43	$43K
Sale	Class A ordinary shares	276	$90.36	$25K
Sale	Class A ordinary shares	39	$91.44	$4K
Sale	Class A ordinary shares	129	$86.78	$11K
Sale	Class A ordinary shares	113	$87.83	$10K
Sale	Class A ordinary shares	437	$88.66	$39K
Sale	Class A ordinary shares	121	$89.58	$11K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 212,000 shares (Indirect, By BVI entity); Class A ordinary shares — 9,075,774 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 August 28, 2025.
2. F2. Represents the weighted average price of shares sold at prices that ranged from $86.20 to $87.18. 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 $87.20 to $88.19.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $88.20 to $89.17.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $89.21 to $89.86.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $89.04 to $90.035.
7. F7. Represents the weighted average price of shares sold at prices that ranged from $90.04 to $90.90.
8. F8. Represents the weighted average price of shares sold at prices that ranged from $91.12 to $91.75.

Key Figures

Shares sold: 1,600 shares Sale price range: $86.20–$91.75 per share Direct holdings after: 9,075,774 shares +2 more

5 metrics

Shares sold 1,600 shares Total Class A ordinary shares sold May 6–7 in open market

Sale price range $86.20–$91.75 per share Weighted average price ranges from footnotes F2–F8

Direct holdings after 9,075,774 shares Direct Class A ordinary shares held as of May 6, 2026

Individual sale price example $91.44 per share One May 7 open-market sale of 39 shares

Another sale price example $86.78 per share One May 6 open-market sale of 129 shares

Key Terms

Rule 10b5-1 trading plan, Class A ordinary shares, weighted average price, 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"

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

"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.

weighted average price financial

"Represents the weighted average price of shares sold at prices that ranged from $86.20 to $87.18"

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

"a BVI entity controlled by the Reporting Person"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Sea Ltd (SE) executive Chen Jingye report in this Form 4?

Chen Jingye reported that a BVI entity he controls sold 1,600 Class A shares of Sea Ltd in the open market. The trades occurred over two days and were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 28, 2025.

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

The BVI entity associated with Chen Jingye sold 1,600 Class A shares of Sea Ltd. Reported weighted average sale prices per batch ranged from about $86.20 to $91.75 per share, reflecting several small open-market transactions over two trading days.

Were Chen Jingye’s Sea Ltd (SE) share sales pre-planned?

Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted by the BVI entity on August 28, 2025. Such plans are established in advance and allow trades to occur automatically according to preset instructions.

Does Chen Jingye still hold a large position in Sea Ltd (SE)?

Yes. A holding entry in the filing shows that Chen Jingye held 9,075,774 Class A shares directly as of May 6. Compared with this direct stake, the 1,600 shares sold indirectly through the BVI entity represent a very small portion.

Are the Sea Ltd (SE) sales by Chen Jingye direct or indirect holdings?

All reported sales involve indirect holdings described as owned by a BVI entity controlled by Chen Jingye. The filing separately shows a large direct holding of 9,075,774 Class A shares, which was not part of these specific sale transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/08/2026 - 06:03 AM EDT 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^*

Chen Jingye

(Last) (First) (Middle)

C/O 1 FUSIONOPOLIS PLACE,

#17-10, GALAXIS

(Street)

SINGAPORE 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)
	CPO, Shopee

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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	05/06/2026		S		129(1)	D	$86.78(2)	213,471	I	By BVI entity
Class A ordinary shares	05/06/2026		S		113(1)	D	$87.83(3)	213,358	I	By BVI entity
Class A ordinary shares	05/06/2026		S		437(1)	D	$88.66(4)	212,921	I	By BVI entity
Class A ordinary shares	05/06/2026		S		121(1)	D	$89.58(5)	212,800	I	By BVI entity
Class A ordinary shares	05/07/2026		S		485(1)	D	$89.43(6)	212,315	I	By BVI entity
Class A ordinary shares	05/07/2026		S		276(1)	D	$90.36(7)	212,039	I	By BVI entity
Class A ordinary shares	05/07/2026		S		39(1)	D	$91.44(8)	212,000	I	By BVI entity
Class A ordinary shares								9,075,774	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 August 28, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $86.20 to $87.18. 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 $87.20 to $88.19.

4. Represents the weighted average price of shares sold at prices that ranged from $88.20 to $89.17.

5. Represents the weighted average price of shares sold at prices that ranged from $89.21 to $89.86.

6. Represents the weighted average price of shares sold at prices that ranged from $89.04 to $90.035.

7. Represents the weighted average price of shares sold at prices that ranged from $90.04 to $90.90.

8. Represents the weighted average price of shares sold at prices that ranged from $91.12 to $91.75.

	/s/ Mark Tang, attorney-in-fact for Jingye Chen	05/08/2026
	** 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)