Sea CCO-linked entity sells 1,600 Sea Ltd shares

Sea Ltd chief corporate officer and general counsel Wang Yanjun reported small open-market sales of Class A ordinary shares through a BVI entity he controls.

Rhea-AI Filing Summary

Sea Ltd chief corporate officer and general counsel Wang Yanjun reported small open-market sales of Class A ordinary shares through a BVI entity he controls. The entity sold a total of 1,600 shares on May 14–15, 2026 at prices ranging from about $87.52 to $92.59 per share under a pre-arranged Rule 10b5-1 trading plan. After these sales, the filing shows indirect holdings of 14,800 shares and direct ownership of 1,212,442 shares.

Insider Trade Summary 10b5-1

Net Seller: 1,600 shares

Net Sell 10 txns

Insider Wang Yanjun

Role CCO and GC

Sold 1,600 shs ($142K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	593	$88.25	$52K
Sale	Class A ordinary shares	174	$89.43	$16K
Sale	Class A ordinary shares	33	$90.00	$3K
Sale	Class A ordinary shares	300	$88.07	$26K
Sale	Class A ordinary shares	213	$89.05	$19K
Sale	Class A ordinary shares	236	$89.99	$21K
Sale	Class A ordinary shares	17	$90.60	$2K
Sale	Class A ordinary shares	21	$92.35	$2K
Sale	Class A ordinary shares	13	$92.59	$1K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 14,800 shares (Indirect, By BVI entity); Class A ordinary shares — 1,212,442 shares (Direct)

Footnotes (8)

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 $87.52 to $88.51. 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 $88.52 to $89.51.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $89.52 to $90.52.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $90.54 to $90.64.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $87.92 to $88.91.
7. F7. Represents the weighted average price of shares sold at prices that ranged from $88.93 to $89.89.
8. F8. Represents the weighted average price of shares sold at prices that ranged from $89.92 to $90.10.

Key Figures

Shares sold: 1,600 shares Sale price (example): $90.00/share Price range: $87.52–$92.59 +3 more

6 metrics

Shares sold 1,600 shares Net open-market sales on May 14–15, 2026

Sale price (example) $90.00/share One May 15, 2026 open-market sale

Price range $87.52–$92.59 Weighted average price ranges disclosed in footnotes

Direct holdings 1,212,442 shares Direct Class A ordinary shares as of May 14, 2026

Indirect holdings 14,800 shares Indirect Class A ordinary shares after May 15, 2026 sales

Net buy/sell direction Net sell of 1,600 shares Form 4 transaction summary

Key Terms

Rule 10b5-1 trading plan, Class A ordinary shares, weighted average price, open-market sale, +1 more

5 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" for each reported transaction"

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 $87.52 to $88.51"

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.

open-market sale financial

"transaction_action: "open-market sale" with code S for non-derivative transactions"

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.

indirect ownership financial

"direct_or_indirect: "I" and nature_of_ownership: "By BVI entity" indicating indirect ownership"

FAQ

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

What insider transaction did Sea Ltd (SE) disclose for Wang Yanjun?

Sea Ltd disclosed that a BVI entity controlled by CCO and GC Wang Yanjun sold 1,600 Class A ordinary shares. The transactions were reported as open-market sales across May 14–15, 2026, at various prices around the high $80s to low $90s per share.

At what prices were Sea Ltd (SE) shares sold in this Form 4?

The reported sales of Sea Ltd Class A ordinary shares occurred at prices ranging from $87.52 to $92.59. Individual line items show specific prices such as $88.25, $89.43 and $92.59, with several trades summarized using weighted average price disclosures.

How many Sea Ltd (SE) shares did the insider-associated entity sell?

The BVI entity associated with Wang Yanjun sold a total of 1,600 Class A ordinary shares of Sea Ltd. The Form 4 transaction summary aggregates nine sale entries to this amount, reflecting a net-sell position of 1,600 shares across the two trading days reported.

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

Yes. A footnote states the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person on September 4, 2025. Such plans pre-schedule trades, suggesting the timing was predetermined rather than discretionary.

What are Wang Yanjun’s holdings in Sea Ltd (SE) after these transactions?

After the reported trades, the filing shows direct ownership of 1,212,442 Class A ordinary shares as of May 14, 2026. It also shows indirect ownership of 14,800 shares held through a BVI entity, reflecting the position following the May 15, 2026 sales.

How significant are these Sea Ltd (SE) insider sales relative to holdings?

The reported 1,600-share sale is small compared with the reported holdings. The filing shows 1,212,442 shares held directly plus 14,800 shares held indirectly after the sales, indicating that only a minor portion of the overall reported position was transacted in this period.

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

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Accepted by SEC EDGAR 05/18/2026 - 06:01 AM EDT 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 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)
05/14/2026

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	05/14/2026		S		300(1)	D	$88.07(2)	16,100	I	By BVI entity
Class A ordinary shares	05/14/2026		S		213(1)	D	$89.05(3)	15,887	I	By BVI entity
Class A ordinary shares	05/14/2026		S		236(1)	D	$89.99(4)	15,651	I	By BVI entity
Class A ordinary shares	05/14/2026		S		17(1)	D	$90.6(5)	15,634	I	By BVI entity
Class A ordinary shares	05/14/2026		S		21(1)	D	$92.35	15,613	I	By BVI entity
Class A ordinary shares	05/14/2026		S		13(1)	D	$92.59	15,600	I	By BVI entity
Class A ordinary shares	05/15/2026		S		593(1)	D	$88.25(6)	15,007	I	By BVI entity
Class A ordinary shares	05/15/2026		S		174(1)	D	$89.43(7)	14,833	I	By BVI entity
Class A ordinary shares	05/15/2026		S		33(1)	D	$90(8)	14,800	I	By BVI entity
Class A ordinary shares								1,212,442	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 September 4, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $87.52 to $88.51. 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 $88.52 to $89.51.

4. Represents the weighted average price of shares sold at prices that ranged from $89.52 to $90.52.

5. Represents the weighted average price of shares sold at prices that ranged from $90.54 to $90.64.

6. Represents the weighted average price of shares sold at prices that ranged from $87.92 to $88.91.

7. Represents the weighted average price of shares sold at prices that ranged from $88.93 to $89.89.

8. Represents the weighted average price of shares sold at prices that ranged from $89.92 to $90.10.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	05/18/2026
	** 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)