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Entity tied to Sea Ltd (NYSE: SE) COO Ye Gang sells 20K shares

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

Rhea-AI Filing Summary

Sea Ltd reported that a BVI entity controlled by COO Ye Gang sold a total of 20,000 Class A ordinary shares in open-market transactions on May 4–5, 2026. The sales, executed under a pre-arranged Rule 10b5-1 trading plan, occurred at weighted-average prices ranging from about $84.20 to $86.77 per share.

Following these transactions, the BVI entity held 180,000 shares indirectly. A separate holding entry shows Ye Gang with 22,396,405 Class A ordinary shares held directly, indicating that the reported sales represent a small portion of his overall economic exposure to Sea Ltd stock.

Positive

  • None.

Negative

  • None.
Insider Ye Gang
Role COO
Sold 20,000 shs ($1.70M)
Type Security Shares Price Value
Sale Class A ordinary shares 4,904 $84.20 $413K
Sale Class A ordinary shares 3,945 $84.92 $335K
Sale Class A ordinary shares 1,151 $85.70 $99K
Sale Class A ordinary shares 2,515 $85.08 $214K
Sale Class A ordinary shares 6,830 $85.90 $587K
Sale Class A ordinary shares 655 $86.77 $57K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 185,096 shares (Indirect, By BVI entity); Class A ordinary shares — 22,396,405 shares (Direct, null)
Footnotes (1)
  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 $84.46 to $85.46. 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 $85.47 to $86.46. Represents the weighted average price of shares sold at prices that ranged from $86.50 to $87.20. Represents the weighted average price of shares sold at prices that ranged from $83.55 to $84.54. Represents the weighted average price of shares sold at prices that ranged from $84.55 to $85.54. Represents the weighted average price of shares sold at prices that ranged from $85.58 to $86.00.
Shares sold 20,000 shares Total Class A ordinary shares sold on May 4–5, 2026
Highest reported sale price $86.77 per share Open-market sale on May 4, 2026
Other sale prices $85.90, $85.08 per share Additional open-market sales on May 4, 2026
Sale prices on May 5 $85.70, $84.92, $84.20 per share Open-market sales on May 5, 2026
Indirect holdings after trades 180,000 shares Class A ordinary shares held by BVI entity after sales
Direct holdings 22,396,405 shares Class A ordinary shares held directly by Ye Gang as of May 4, 2026
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.
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.
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.
BVI entity financial
"adopted by a BVI entity controlled by the Reporting Person"
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*
Ye Gang
(Last)(First)(Middle)
C/O 1 FUSIONOPOLIS PLACE,
#17-10, GALAXIS
(Street)
SINGAPORESINGAPORE138522
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026		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 shares05/04/2026S2,515(1)D$85.08(2)197,485IBy BVI entity
Class A ordinary shares05/04/2026S6,830(1)D$85.9(3)190,655IBy BVI entity
Class A ordinary shares05/04/2026S655(1)D$86.77(4)190,000IBy BVI entity
Class A ordinary shares05/05/2026S4,904(1)D$84.2(5)185,096IBy BVI entity
Class A ordinary shares05/05/2026S3,945(1)D$84.92(6)181,151IBy BVI entity
Class A ordinary shares05/05/2026S1,151(1)D$85.7(7)180,000IBy BVI entity
Class A ordinary shares22,396,405D
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 September 4, 2025.
2. Represents the weighted average price of shares sold at prices that ranged from $84.46 to $85.46. 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 $85.47 to $86.46.
4. Represents the weighted average price of shares sold at prices that ranged from $86.50 to $87.20.
5. Represents the weighted average price of shares sold at prices that ranged from $83.55 to $84.54.
6. Represents the weighted average price of shares sold at prices that ranged from $84.55 to $85.54.
7. Represents the weighted average price of shares sold at prices that ranged from $85.58 to $86.00.
/s/ Mark Tang, attorney-in-fact for Gang Ye05/06/2026
** 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

FAQ

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

Sea Ltd disclosed that a BVI entity controlled by COO Ye Gang sold 20,000 Class A ordinary shares in open-market trades. These sales occurred on May 4–5, 2026, and were executed under a pre-arranged Rule 10b5-1 trading plan.

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

The BVI entity associated with COO Ye Gang sold 20,000 Class A ordinary shares of Sea Ltd. Reported weighted-average sale prices ranged from about $84.20 to $86.77 per share across several open-market transactions on May 4–5, 2026.

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

Yes. The filing states that the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person. Such plans are pre-arranged trading programs designed to systematize insider share sales over time.

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

After the reported sales, the BVI entity held 180,000 Class A ordinary shares indirectly. A separate holding entry shows Ye Gang with 22,396,405 Class A ordinary shares held directly, indicating substantial remaining ownership in Sea Ltd following the transactions.

What type of security did the BVI entity associated with Sea Ltd (SE) COO sell?

The transactions involved Sea Ltd Class A ordinary shares. Multiple open-market sales were reported, each coded as an “S” transaction, meaning they were non-derivative sales of common equity rather than options exercises or other derivative security transactions.

How significant are the 20,000 Sea Ltd (SE) shares sold relative to Ye Gang’s holdings?

The BVI entity sold 20,000 shares while holding 180,000 shares indirectly afterward. Ye Gang also has 22,396,405 shares directly, so the disclosed sales represent a small fraction of his combined direct and indirect exposure to Sea Ltd stock.