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Sea Ltd (NYSE: SE) CPO-linked BVI entity sells 1,600 shares in 10b5-1 plan

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Sea Ltd reports that a BVI entity controlled by CPO Shopee Chen Jingye sold a total of 1,600 Class A ordinary shares on May 21-22, 2026, in open-market transactions at weighted average prices within ranges including $84.86–$85.83 and $91.26–$91.66, pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. After these sales, that BVI entity held 203,200 Class A shares indirectly, and Chen is also reported as directly holding 9,075,774 Class A shares.

Positive

  • None.

Negative

  • None.
Insider Chen Jingye
Role CPO, Shopee
Sold 1,600 shs ($140K)
Type Security Shares Price Value
Sale Class A ordinary shares 460 $86.53 $40K
Sale Class A ordinary shares 37 $87.45 $3K
Sale Class A ordinary shares 43 $88.75 $4K
Sale Class A ordinary shares 161 $89.57 $14K
Sale Class A ordinary shares 74 $90.67 $7K
Sale Class A ordinary shares 25 $91.46 $2K
Sale Class A ordinary shares 168 $85.40 $14K
Sale Class A ordinary shares 19 $86.26 $2K
Sale Class A ordinary shares 395 $87.57 $35K
Sale Class A ordinary shares 218 $88.10 $19K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 203,200 shares (Indirect, By BVI entity); Class A ordinary shares — 9,075,774 shares (Direct)
Footnotes (11)
  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 $84.86 to $85.83. 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 $85.88 to $86.58.
  4. F4. Represents the weighted average price of shares sold at prices that ranged from $86.87 to $87.857.
  5. F5. Represents the weighted average price of shares sold at prices that ranged from $87.86 to $88.62.
  6. F6. Represents the weighted average price of shares sold at prices that ranged from $86.07 to $87.06.
  7. F7. Represents the weighted average price of shares sold at prices that ranged from $87.12 to $87.98.
  8. F8. Represents the weighted average price of shares sold at prices that ranged from $88.17 to $89.05.
  9. F9. Represents the weighted average price of shares sold at prices that ranged from $89.14 to $90.06.
  10. F10. Represents the weighted average price of shares sold at prices that ranged from $90.12 to $91.05.
  11. F11. Represents the weighted average price of shares sold at prices that ranged from $91.26 to $91.66.
Shares sold 1,600 shares Total Sea Ltd Class A ordinary shares sold on May 21-22, 2026
Indirect holding after transactions 203,200 shares Class A ordinary shares held indirectly by BVI entity controlled by Chen Jingye
Direct holding after transactions 9,075,774 shares Class A ordinary shares reported as directly held by Chen Jingye
Number of sale transactions 10 transactions Non-derivative sale entries reported across May 21-22, 2026
Example price range 1 $84.86 to $85.83 Weighted average price range for one group of reported sales
Example price range 2 $91.26 to $91.66 Weighted average price range for another group of reported sales
Rule 10b5-1 trading plan regulatory
"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted..."
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..."
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 regulatory
"adopted by a BVI entity controlled by the Reporting Person..."

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FAQ

What insider transaction did Sea Ltd (SE) disclose for Chen Jingye?
Sea Ltd disclosed that a BVI entity controlled by CPO Chen Jingye sold 1,600 Class A shares on May 21-22, 2026. These were open-market transactions executed under a Rule 10b5-1 trading plan adopted on August 28, 2025.

At what prices were the Sea Ltd (SE) shares sold by the BVI entity?
The shares were sold at weighted average prices within several ranges, including $84.86–$85.83 and $91.26–$91.66. The company notes it can provide full details of shares sold at each separate price upon request.

How many Sea Ltd (SE) shares does the BVI entity hold after the sale?
After these transactions, the BVI entity controlled by Chen Jingye holds 203,200 Class A ordinary shares indirectly. This post-transaction balance reflects the reported sales of 1,600 shares executed on May 21-22, 2026.

Were the Sea Ltd (SE) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted on August 28, 2025 by a BVI entity controlled by CPO Chen Jingye, indicating the trades were pre-arranged under that plan.

What are Chen Jingye’s direct Sea Ltd (SE) holdings after these transactions?
The filing reports that Chen Jingye directly holds 9,075,774 Class A ordinary shares after these transactions. This direct position is separate from the 203,200 shares held indirectly through the BVI entity.
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*
Chen Jingye
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CPO, Shopee
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026		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 shares05/21/2026S168(1)D$85.4(2)204,632IBy BVI entity
Class A ordinary shares05/21/2026S19(1)D$86.26(3)204,613IBy BVI entity
Class A ordinary shares05/21/2026S395(1)D$87.57(4)204,218IBy BVI entity
Class A ordinary shares05/21/2026S218(1)D$88.1(5)204,000IBy BVI entity
Class A ordinary shares05/22/2026S460(1)D$86.53(6)203,540IBy BVI entity
Class A ordinary shares05/22/2026S37(1)D$87.45(7)203,503IBy BVI entity
Class A ordinary shares05/22/2026S43(1)D$88.75(8)203,460IBy BVI entity
Class A ordinary shares05/22/2026S161(1)D$89.57(9)203,299IBy BVI entity
Class A ordinary shares05/22/2026S74(1)D$90.67(10)203,225IBy BVI entity
Class A ordinary shares05/22/2026S25(1)D$91.46(11)203,200IBy BVI entity
Class A ordinary shares9,075,774D
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 August 28, 2025.
2. Represents the weighted average price of shares sold at prices that ranged from $84.86 to $85.83. 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 $85.88 to $86.58.
4. Represents the weighted average price of shares sold at prices that ranged from $86.87 to $87.857.
5. Represents the weighted average price of shares sold at prices that ranged from $87.86 to $88.62.
6. Represents the weighted average price of shares sold at prices that ranged from $86.07 to $87.06.
7. Represents the weighted average price of shares sold at prices that ranged from $87.12 to $87.98.
8. Represents the weighted average price of shares sold at prices that ranged from $88.17 to $89.05.
9. Represents the weighted average price of shares sold at prices that ranged from $89.14 to $90.06.
10. Represents the weighted average price of shares sold at prices that ranged from $90.12 to $91.05.
11. Represents the weighted average price of shares sold at prices that ranged from $91.26 to $91.66.
/s/ Mark Tang, attorney-in-fact for Jingye Chen05/26/2026
** 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