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Sea Ltd (NYSE: SE) COO Ye Gang sells 40,000 shares under 10b5-1 plan

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

Rhea-AI Filing Summary

Sea Ltd COO and director Ye Gang, through a BVI entity he controls, sold 40,000 Class A ordinary shares on July 16–17, 2026 at weighted average prices within disclosed ranges from $100.86 to $111.20 per share, under a Rule 10b5-1 trading plan adopted on September 4, 2025.

After these transactions, he indirectly held 320,000 Class A shares via the BVI entity and directly held 21,636,405 Class A shares.

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Insights

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Insider Ye Gang
Role COO
Sold 40,000 shs ($4.22M)
Type Security Shares Price Value
Sale Class A ordinary shares F1, F8 3,932 $101.44 $399K
Sale Class A ordinary shares F1, F9 4,519 $102.40 $463K
Sale Class A ordinary shares F1, F10 5,039 $103.45 $521K
Sale Class A ordinary shares F1, F11 4,810 $104.29 $502K
Sale Class A ordinary shares F1, F12 1,700 $105.06 $179K
Sale Class A ordinary shares F1, F2 4,199 $106.28 $446K
Sale Class A ordinary shares F1, F3 5,778 $107.29 $620K
Sale Class A ordinary shares F1, F4 2,877 $108.01 $311K
Sale Class A ordinary shares F1, F5 3,611 $109.15 $394K
Sale Class A ordinary shares F1, F6 2,639 $110.14 $291K
Sale Class A ordinary shares F1, F7 896 $110.95 $99K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 320,000 shares (Indirect, By BVI entity); Class A ordinary shares — 21,636,405 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 September 4, 2025.
  2. F2. Represents the weighted average price of shares sold at prices that ranged from $105.70 to $106.6995. 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 $106.703 to $107.69.
  4. F4. Represents the weighted average price of shares sold at prices that ranged from $107.70 to $108.69.
  5. F5. Represents the weighted average price of shares sold at prices that ranged from $108.70 to $109.67.
  6. F6. Represents the weighted average price of shares sold at prices that ranged from $109.70 to $110.69.
  7. F7. Represents the weighted average price of shares sold at prices that ranged from $110.70 to $111.20.
  8. F8. Represents the weighted average price of shares sold at prices that ranged from $100.86 to $101.85.
  9. F9. Represents the weighted average price of shares sold at prices that ranged from $101.86 to $102.85.
  10. F10. Represents the weighted average price of shares sold at prices that ranged from $102.87 to $103.85.
  11. F11. Represents the weighted average price of shares sold at prices that ranged from $103.86 to $104.85.
  12. F12. Represents the weighted average price of shares sold at prices that ranged from $104.86 to $105.41.
Shares sold 40,000 shares Aggregate Class A ordinary shares sold on July 16–17, 2026
Direct holdings after transaction 21,636,405 shares Class A ordinary shares held directly as of July 16, 2026
Indirect holdings after transaction 320,000 shares Class A ordinary shares held indirectly via BVI entity after July 17, 2026 sales
Price range of sales $100.86–$111.20 per share Ranges of prices at which shares were sold, per footnotes F2–F12
Trading plan adoption date September 4, 2025 Date BVI entity controlled by Ye Gang adopted Rule 10b5-1 trading plan
Rule 10b5-1 trading plan regulatory
"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"
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
"Sea Ltd COO Ye Gang sold 40,000 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 other
"a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person"

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FAQ

What insider transaction did Sea Ltd (SE) COO Ye Gang report?
Ye Gang reported selling 40,000 Class A ordinary shares of Sea Ltd on July 16–17, 2026 through a BVI entity he controls. The sales were executed under a Rule 10b5-1 trading plan and spanned multiple trades at different price ranges.

Over what price range were Sea Ltd (SE) shares sold in Ye Gang’s Form 4?
The filing shows the sales occurred at weighted average prices within ranges from $100.86 to $111.20 per share. Footnotes state detailed ranges for each trade slice and note that full breakdowns are available upon request to regulators or shareholders.

Were Ye Gang’s Sea Ltd (SE) share sales made under a Rule 10b5-1 plan?
Yes. A footnote states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on September 4, 2025 by a BVI entity controlled by Ye Gang. The filing’s Rule 10b5-1 checkbox is also affirmed for these transactions.

How many Sea Ltd (SE) shares does Ye Gang hold directly after these transactions?
After the reported trades, Ye Gang directly held 21,636,405 Class A ordinary shares of Sea Ltd as of July 16, 2026. This direct holding is separate from his indirect ownership through a BVI entity, which is reported in other rows.

What is Ye Gang’s indirect ownership in Sea Ltd (SE) after the reported sales?
Following the July 17, 2026 transactions, a BVI entity controlled by Ye Gang indirectly held 320,000 Class A ordinary shares of Sea Ltd. These indirect holdings reflect the position remaining after the 40,000-share planned sale reported in the Form 4.

How many individual sale transactions did the Sea Ltd (SE) Form 4 disclose for Ye Gang?
The summary shows 11 separate sale transactions of Class A ordinary shares, all categorized as non-derivative sales. Together, these transactions total 40,000 shares sold over two trading days, with one additional entry reporting direct holdings without a new trade.
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)
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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/16/2026		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 shares07/16/2026S4,199(1)D$106.28(2)355,801IBy BVI entity
Class A ordinary shares07/16/2026S5,778(1)D$107.29(3)350,023IBy BVI entity
Class A ordinary shares07/16/2026S2,877(1)D$108.01(4)347,146IBy BVI entity
Class A ordinary shares07/16/2026S3,611(1)D$109.15(5)343,535IBy BVI entity
Class A ordinary shares07/16/2026S2,639(1)D$110.14(6)340,896IBy BVI entity
Class A ordinary shares07/16/2026S896(1)D$110.95(7)340,000IBy BVI entity
Class A ordinary shares07/17/2026S3,932(1)D$101.44(8)336,068IBy BVI entity
Class A ordinary shares07/17/2026S4,519(1)D$102.4(9)331,549IBy BVI entity
Class A ordinary shares07/17/2026S5,039(1)D$103.45(10)326,510IBy BVI entity
Class A ordinary shares07/17/2026S4,810(1)D$104.29(11)321,700IBy BVI entity
Class A ordinary shares07/17/2026S1,700(1)D$105.06(12)320,000IBy BVI entity
Class A ordinary shares21,636,405D
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 $105.70 to $106.6995. 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 $106.703 to $107.69.
4. Represents the weighted average price of shares sold at prices that ranged from $107.70 to $108.69.
5. Represents the weighted average price of shares sold at prices that ranged from $108.70 to $109.67.
6. Represents the weighted average price of shares sold at prices that ranged from $109.70 to $110.69.
7. Represents the weighted average price of shares sold at prices that ranged from $110.70 to $111.20.
8. Represents the weighted average price of shares sold at prices that ranged from $100.86 to $101.85.
9. Represents the weighted average price of shares sold at prices that ranged from $101.86 to $102.85.
10. Represents the weighted average price of shares sold at prices that ranged from $102.87 to $103.85.
11. Represents the weighted average price of shares sold at prices that ranged from $103.86 to $104.85.
12. Represents the weighted average price of shares sold at prices that ranged from $104.86 to $105.41.
/s/ Mark Tang, attorney-in-fact for Gang Ye07/20/2026
** 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