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  4. [Form 4] Sea Ltd Insider Trading Activity

Sea Ltd (SE) president trades 30,000 shares under Rule 10b5-1 plan

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

Rhea-AI Filing Summary

Sea Ltd executive Feng Zhimin, President, reported selling a total of 30,000 Class A ordinary shares of Sea Ltd over August 11–12, 2026. The shares were sold indirectly through a BVI entity controlled by him, pursuant to a Rule 10b5-1 trading plan adopted on March 26, 2026. Reported sale prices reflect weighted-average prices within ranges between $126.28 and $131.70. Separately, he reported 1,003,969 Class A ordinary shares held directly after these transactions.

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Insider Feng Zhimin
Role President
Sold 30,000 shs ($3.88M)
Type Security Shares Price Value
Sale Class A ordinary shares F1, F8 2,701 $127.02 $343K
Sale Class A ordinary shares F1, F9 4,104 $127.92 $525K
Sale Class A ordinary shares F1, F10 4,227 $129.09 $546K
Sale Class A ordinary shares F1, F11 3,124 $129.75 $405K
Sale Class A ordinary shares F1, F12 844 $130.70 $110K
Sale Class A ordinary shares F1, F2 1,046 $126.73 $133K
Sale Class A ordinary shares F1, F3 905 $127.92 $116K
Sale Class A ordinary shares F1, F4 2,381 $128.72 $306K
Sale Class A ordinary shares F1, F5 1,084 $129.91 $141K
Sale Class A ordinary shares F1, F6 7,180 $130.84 $939K
Sale Class A ordinary shares F1, F7 2,404 $131.43 $316K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 270,000 shares (Indirect, By BVI entity); Class A ordinary shares — 1,003,969 shares (Direct)
Footnotes (12)
  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 $126.28 to $127.00. 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 $127.56 to $128.28.
  4. F4. Represents the weighted average price of shares sold at prices that ranged from $128.34 to $129.23.
  5. F5. Represents the weighted average price of shares sold at prices that ranged from $129.55 to $130.22.
  6. F6. Represents the weighted average price of shares sold at prices that ranged from $130.28 to $131.26.
  7. F7. Represents the weighted average price of shares sold at prices that ranged from $131.29 to $131.70.
  8. F8. Represents the weighted average price of shares sold at prices that ranged from $126.49 to $127.42.
  9. F9. Represents the weighted average price of shares sold at prices that ranged from $127.50 to $128.49.
  10. F10. Represents the weighted average price of shares sold at prices that ranged from $128.59 to $129.487.
  11. F11. Represents the weighted average price of shares sold at prices that ranged from $129.49 to $130.11.
  12. F12. Represents the weighted average price of shares sold at prices that ranged from $130.49 to $131.00.
Shares sold 30,000 Class A ordinary shares Total non-derivative shares sold on August 11–12, 2026
Price range $126.28–$131.70 per share Ranges for weighted-average sale prices across reported transactions
Direct holdings after transaction 1,003,969 Class A ordinary shares Direct ownership position reported as of August 11, 2026
Shares in single largest block 7,180 Class A ordinary shares Largest individual sale line on August 11, 2026 at $130.84
10b5-1 plan adoption date March 26, 2026 Adoption date of Rule 10b5-1 trading plan used for these sales
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"
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, transaction_type: non-derivative"
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
"a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person"

FAQ

What did Sea Ltd (SE) President Feng Zhimin report in this Form 4?
Sea Ltd President Feng Zhimin reported the sale of 30,000 Class A ordinary shares over August 11–12, 2026. The transactions were executed indirectly via a BVI entity he controls under a Rule 10b5-1 trading plan adopted on March 26, 2026.

How many Sea Ltd (SE) shares did Feng Zhimin sell and at what prices?
Feng Zhimin reported selling 30,000 Class A ordinary shares of Sea Ltd. The weighted-average sale prices for the transactions fell within ranges from $126.28 to $131.70 per share, across multiple trades on August 11 and 12, 2026.

Were the Sea Ltd (SE) insider sales by Feng Zhimin under a Rule 10b5-1 plan?
Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted on March 26, 2026 by a BVI entity controlled by Feng Zhimin. The Form 4 also flags the Rule 10b5-1 checkbox as affirmed.

Did Feng Zhimin sell Sea Ltd (SE) shares directly or indirectly?
The reported 30,000-share sale was executed indirectly through a BVI entity controlled by Feng Zhimin, as noted in the ownership descriptions and footnotes. He also reported 1,003,969 Class A ordinary shares held directly after these transactions.

How many Sea Ltd (SE) shares does Feng Zhimin hold after these transactions?
After the reported sales, Feng Zhimin reported holding 1,003,969 Class A ordinary shares of Sea Ltd directly. The Form 4 does not state the total indirect holdings after the transactions, only the direct post-transaction position.

Over how many days were the Sea Ltd (SE) shares sold by Feng Zhimin?
The Form 4 lists sales on two days: August 11, 2026 and August 12, 2026. Multiple sale transactions occurred on each date, with different weighted-average prices within specified price ranges for each transaction block.

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Form 4 Insider Transactions: What Each Field Means →
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*
Feng Zhimin
(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)
President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/11/2026		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 shares08/11/2026S1,046(1)D$126.73(2)298,954IBy BVI entity
Class A ordinary shares08/11/2026S905(1)D$127.92(3)298,049IBy BVI entity
Class A ordinary shares08/11/2026S2,381(1)D$128.72(4)295,668IBy BVI entity
Class A ordinary shares08/11/2026S1,084(1)D$129.91(5)294,584IBy BVI entity
Class A ordinary shares08/11/2026S7,180(1)D$130.84(6)287,404IBy BVI entity
Class A ordinary shares08/11/2026S2,404(1)D$131.43(7)285,000IBy BVI entity
Class A ordinary shares08/12/2026S2,701(1)D$127.02(8)282,299IBy BVI entity
Class A ordinary shares08/12/2026S4,104(1)D$127.92(9)278,195IBy BVI entity
Class A ordinary shares08/12/2026S4,227(1)D$129.09(10)273,968IBy BVI entity
Class A ordinary shares08/12/2026S3,124(1)D$129.75(11)270,844IBy BVI entity
Class A ordinary shares08/12/2026S844(1)D$130.7(12)270,000IBy BVI entity
Class A ordinary shares1,003,969D
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 $126.28 to $127.00. 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 $127.56 to $128.28.
4. Represents the weighted average price of shares sold at prices that ranged from $128.34 to $129.23.
5. Represents the weighted average price of shares sold at prices that ranged from $129.55 to $130.22.
6. Represents the weighted average price of shares sold at prices that ranged from $130.28 to $131.26.
7. Represents the weighted average price of shares sold at prices that ranged from $131.29 to $131.70.
8. Represents the weighted average price of shares sold at prices that ranged from $126.49 to $127.42.
9. Represents the weighted average price of shares sold at prices that ranged from $127.50 to $128.49.
10. Represents the weighted average price of shares sold at prices that ranged from $128.59 to $129.487.
11. Represents the weighted average price of shares sold at prices that ranged from $129.49 to $130.11.
12. Represents the weighted average price of shares sold at prices that ranged from $130.49 to $131.00.
/s/ Emily Tan, attorney-in-fact for Zhimin Feng08/13/2026
** 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