Sea Ltd: Wang-Controlled Entity Sells 2,200 Shares

Sea Ltd’s CCO and GC had direct holdings reported at 1,033,642 Class A ordinary shares on September 25, while the sale plan was adopted on March 26.

Rhea-AI Filing Summary

Sea Ltd (symbol: SE) is the issuer of record for a Form 4 filing submitted to the SEC. Sea Ltd’s CCO and GC, Yanjun Wang, reported sales of 2,200 Class A ordinary shares through a BVI entity he controls on September 25 and 28, 2026. The entity sold the shares pursuant to a Rule 10b5-1 trading plan adopted on March 26, 2026.

A separate direct holding reported for Wang was 1,033,642 Class A ordinary shares as of September 25, 2026.

Insider Trade Summary 10b5-1

Net Seller: 2,200 shares

Net Sell 7 txns

Insider Wang Yanjun

Role CCO and GC

Sold 2,200 shs ($219K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1, F4	195	$97.06	$19K
Sale	Class A ordinary shares F1, F5	68	$98.08	$7K
Sale	Class A ordinary shares F1, F6	708	$99.10	$70K
Sale	Class A ordinary shares F1, F7	29	$99.57	$3K
Sale	Class A ordinary shares F1, F2	811	$99.87	$81K
Sale	Class A ordinary shares F1, F3	389	$100.40	$39K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 91,780 shares (Indirect, By BVI entity); Class A ordinary shares — 1,033,642 shares (Direct)

Footnotes (7)

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 $99.27 to $100.26. 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 $100.27 to $100.66.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $96.50 to $97.41.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $97.56 to $98.43.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $98.74 to $99.48.
7. F7. Represents the weighted average price of shares sold at prices that ranged from $99.50 to $99.73.

Key Figures

Class A ordinary shares sold: 2,200 shares Direct Class A ordinary share holding: 1,033,642 shares Sale transaction: 811 shares at a weighted average price of $99.87 per share +5 more

8 metrics

Class A ordinary shares sold 2,200 shares Six reported sale transactions on September 25 and 28, 2026

Direct Class A ordinary share holding 1,033,642 shares As of September 25, 2026

Sale transaction 811 shares at a weighted average price of $99.87 per share September 25, 2026

Sale transaction 389 shares at a weighted average price of $100.40 per share September 25, 2026

Sale transaction 195 shares at a weighted average price of $97.06 per share September 28, 2026

Sale transaction 68 shares at a weighted average price of $98.08 per share September 28, 2026

Sale transaction 708 shares at a weighted average price of $99.10 per share September 28, 2026

Sale transaction 29 shares at a weighted average price of $99.57 per share September 28, 2026

Key Terms

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

3 terms

Rule 10b5-1 trading plan regulatory

"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

"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.

FAQ

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

At what prices were SE shares sold?

The reported weighted average prices were $99.87 for 811 shares and $100.40 for 389 shares on September 25, 2026; and $97.06 for 195 shares, $98.08 for 68 shares, $99.10 for 708 shares, and $99.57 for 29 shares on September 28, 2026.

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

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Available on EDGAR 09/29/2026 - 06:05 AM Accepted by SEC EDGAR 09/29/2026 - 06:01 AM 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^*

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)
09/25/2026

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	09/25/2026		S		811(1)	D	$99.87(2)	93,169	I	By BVI entity
Class A ordinary shares	09/25/2026		S		389(1)	D	$100.4(3)	92,780	I	By BVI entity
Class A ordinary shares	09/28/2026		S		195(1)	D	$97.06(4)	92,585	I	By BVI entity
Class A ordinary shares	09/28/2026		S		68(1)	D	$98.08(5)	92,517	I	By BVI entity
Class A ordinary shares	09/28/2026		S		708(1)	D	$99.1(6)	91,809	I	By BVI entity
Class A ordinary shares	09/28/2026		S		29(1)	D	$99.57(7)	91,780	I	By BVI entity
Class A ordinary shares								1,033,642	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 March 26, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $99.27 to $100.26. 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 $100.27 to $100.66.

4. Represents the weighted average price of shares sold at prices that ranged from $96.50 to $97.41.

5. Represents the weighted average price of shares sold at prices that ranged from $97.56 to $98.43.

6. Represents the weighted average price of shares sold at prices that ranged from $98.74 to $99.48.

7. Represents the weighted average price of shares sold at prices that ranged from $99.50 to $99.73.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	09/29/2026
	** 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)