Were Chen Jingye’s Sea Ltd (SE) share sales made under a Rule 10b5-1 plan?

Yes. The footnotes state that the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025 by a BVI entity controlled by the reporting person, indicating the transactions were pre-arranged rather than discretionary market-timing decisions.

Sea (NYSE: SE) CPO logs 1,600-share planned sale under 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd chief product officer for Shopee, Chen Jingye, reported open-market sales of 1,600 Class A ordinary shares over May 21–22, 2026. The trades were executed indirectly through a BVI entity at prices around $85–$91 per share under a pre-arranged Rule 10b5-1 trading plan.

After these transactions, the filing shows 9,075,774 Class A shares held directly and 203,540 shares held indirectly through the BVI entity. The sales represent a small portion of Chen’s overall reported holdings.

Insider Trade Summary 10b5-1

Net Seller: 1,600 shares ($140,055)

Net Sell 11 txns

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 — 203,540 shares (Indirect, By BVI entity); Class A ordinary shares — 9,075,774 shares (Direct, null)

Footnotes (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. 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. Represents the weighted average price of shares sold at prices that ranged from $85.88 to $86.58. Represents the weighted average price of shares sold at prices that ranged from $86.87 to $87.857. Represents the weighted average price of shares sold at prices that ranged from $87.86 to $88.62. Represents the weighted average price of shares sold at prices that ranged from $86.07 to $87.06. Represents the weighted average price of shares sold at prices that ranged from $87.12 to $87.98. Represents the weighted average price of shares sold at prices that ranged from $88.17 to $89.05. Represents the weighted average price of shares sold at prices that ranged from $89.14 to $90.06. Represents the weighted average price of shares sold at prices that ranged from $90.12 to $91.05. Represents the weighted average price of shares sold at prices that ranged from $91.26 to $91.66.

Key Figures

Shares sold: 1,600 shares Sale price range: $84.86–$91.66 per share Direct holdings after: 9,075,774 shares +3 more

6 metrics

Shares sold 1,600 shares Total Class A ordinary shares sold May 21–22, 2026

Sale price range $84.86–$91.66 per share Weighted-average price ranges from transaction footnotes

Direct holdings after 9,075,774 shares Class A ordinary shares held directly as of May 21, 2026

Indirect holdings after 203,540 shares Class A ordinary shares held indirectly via BVI entity after sales

Trading dates May 21–22, 2026 Dates of reported open-market sale transactions

Transactions count 10 sale transactions Open-market sales of non-derivative Class A shares

Key Terms

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

4 terms

Rule 10b5-1 trading plan financial

"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 $84.86 to $85.83."

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

"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person"

Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 06:07 AM

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).

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

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)
05/21/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A ordinary shares	05/21/2026		S		168⁽¹⁾	D	$85.4⁽²⁾	204,632	I	By BVI entity
Class A ordinary shares	05/21/2026		S		19⁽¹⁾	D	$86.26⁽³⁾	204,613	I	By BVI entity
Class A ordinary shares	05/21/2026		S		395⁽¹⁾	D	$87.57⁽⁴⁾	204,218	I	By BVI entity
Class A ordinary shares	05/21/2026		S		218⁽¹⁾	D	$88.1⁽⁵⁾	204,000	I	By BVI entity
Class A ordinary shares	05/22/2026		S		460⁽¹⁾	D	$86.53⁽⁶⁾	203,540	I	By BVI entity
Class A ordinary shares	05/22/2026		S		37⁽¹⁾	D	$87.45⁽⁷⁾	203,503	I	By BVI entity
Class A ordinary shares	05/22/2026		S		43⁽¹⁾	D	$88.75⁽⁸⁾	203,460	I	By BVI entity
Class A ordinary shares	05/22/2026		S		161⁽¹⁾	D	$89.57⁽⁹⁾	203,299	I	By BVI entity
Class A ordinary shares	05/22/2026		S		74⁽¹⁾	D	$90.67⁽¹⁰⁾	203,225	I	By BVI entity
Class A ordinary shares	05/22/2026		S		25⁽¹⁾	D	$91.46⁽¹¹⁾	203,200	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 Chen	05/26/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Sea Ltd (SE) report for Chen Jingye?

Sea Ltd reported that Shopee CPO Chen Jingye, via a BVI entity, sold 1,600 Class A ordinary shares in open-market transactions. The sales occurred on May 21–22, 2026 under a pre-arranged Rule 10b5-1 trading plan.

How many Sea Ltd (SE) shares did Chen Jingye sell and at what prices?

The filing shows sales totaling 1,600 Class A ordinary shares. Individual trades were executed at prices generally in the mid-$80s to low-$90s per share, with weighted-average price ranges from $84.86 to $91.66 disclosed in the transaction footnotes.

How many Sea Ltd (SE) shares does Chen Jingye hold after these transactions?

After the reported trades, the Form 4 shows Chen holding 9,075,774 Class A ordinary shares directly and 203,540 Class A ordinary shares indirectly through a BVI entity. These positions reflect the holdings immediately following the May 21–22, 2026 transactions.

Are Chen Jingye’s Sea Ltd (SE) sales direct or through another entity?

All reported sales were indirect, executed by a BVI entity described in the filing as controlled by the reporting person. A separate holding entry shows a large block of Class A ordinary shares held directly in Chen Jingye’s name, without sale activity in this report.