What type of ownership structure was used for the Sea Ltd (SE) share sales?

The sales involved indirect ownership, with shares held and sold by a BVI entity controlled by Tianyu Hou. The Form 4 classifies these positions as indirect, with the nature of ownership described as “By BVI entity.”

Sea Ltd CFO sells 15,000 shares under trading plan

Q: What did Sea Ltd (SE) CFO Tianyu Hou report in this Form 4?

CFO Tianyu Hou reported that a BVI entity he controls sold 15,000 Class A ordinary shares of Sea Ltd on July 17, 2026. The filing also shows he continues to hold 2,428,015 shares directly after these transactions.

Q: How many Sea Ltd (SE) shares did the BVI entity sell and at what prices?

The BVI entity associated with Sea Ltd CFO Tianyu Hou sold 15,000 Class A ordinary shares. These sales occurred at weighted-average prices within ranges from $100.95 to $105.44 per share, as detailed across several tranches in the Form 4 footnotes.

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

Yes. The sales were made pursuant to a Rule 10b5-1 trading plan adopted on March 19, 2026 by a BVI entity controlled by Tianyu Hou. The Form 4 also affirms Rule 10b5-1 plan status at the document level.

Q: How many Sea Ltd (SE) shares does Tianyu Hou still hold after the transactions?

After the reported sales, Tianyu Hou holds 2,428,015 Class A ordinary shares directly. The reported BVI entity’s holdings of the sold Class A ordinary shares are shown as 0 shares following completion of the 15,000-share disposition.

Sea Ltd CFO Tianyu Hou reported multiple sales of Class A ordinary shares on July 17, 2026 through a BVI entity he controls.

Filing Impact

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Filing Sentiment

(Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Sea Ltd CFO Tianyu Hou reported multiple sales of Class A ordinary shares on July 17, 2026 through a BVI entity he controls. The entity sold a total of 15,000 shares in sales described as open-market or private transactions at weighted-average prices within ranges from $100.95 to $105.44 under a Rule 10b5-1 trading plan adopted on March 19, 2026. Following these trades, Hou continues to hold 2,428,015 Class A ordinary shares directly.

Insider Trade Summary 10b5-1

Net Seller: 15,000 shares

Net Sell 6 txns

Insider Hou Tianyu

Role CFO

Sold 15,000 shs ($1.55M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares ^{F1, F2}	2,840	$101.48	$288K
Sale	Class A ordinary shares ^{F1, F3}	2,177	$102.54	$223K
Sale	Class A ordinary shares ^{F1, F4}	5,887	$103.51	$609K
Sale	Class A ordinary shares ^{F1, F5}	3,136	$104.35	$327K
Sale	Class A ordinary shares ^{F1, F6}	960	$105.11	$101K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 0 shares (Indirect, By BVI entity); Class A ordinary shares — 2,428,015 shares (Direct)

Footnotes (6)

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 19, 2026.
F2. Represents the weighted average price of shares sold at prices that ranged from $100.95 to $101.94. 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.
F3. Represents the weighted average price of shares sold at prices that ranged from $101.99 to $102.90.
F4. Represents the weighted average price of shares sold at prices that ranged from $102.95 to $103.94.
F5. Represents the weighted average price of shares sold at prices that ranged from $103.95 to $104.94.
F6. Represents the weighted average price of shares sold at prices that ranged from $104.96 to $105.44.

Key Figures

Shares sold: 15,000 Class A ordinary shares Direct holdings after transactions: 2,428,015 Class A ordinary shares Single reported sale price: $105.11 per share +1 more

4 metrics

Shares sold 15,000 Class A ordinary shares Total shares sold on July 17, 2026 across five transactions by a BVI entity

Direct holdings after transactions 2,428,015 Class A ordinary shares Shares held directly by CFO Tianyu Hou following the reported trades

Single reported sale price $105.11 per share Price for a 960-share sale of Class A ordinary shares on July 17, 2026

Weighted-average price range $100.95 to $105.44 per share Ranges used to calculate weighted-average prices for several sale tranches

Key Terms

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

4 terms

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

"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.

indirect ownership financial

"ownership_type marked indirect with nature_of_ownership: By BVI entity"

FAQ

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

What did Sea Ltd (SE) CFO Tianyu Hou report in this Form 4?

CFO Tianyu Hou reported that a BVI entity he controls sold 15,000 Class A ordinary shares of Sea Ltd on July 17, 2026. The filing also shows he continues to hold 2,428,015 shares directly after these transactions.

How many Sea Ltd (SE) shares did the BVI entity sell and at what prices?

The BVI entity associated with Sea Ltd CFO Tianyu Hou sold 15,000 Class A ordinary shares. These sales occurred at weighted-average prices within ranges from $100.95 to $105.44 per share, as detailed across several tranches in the Form 4 footnotes.

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

Yes. The sales were made pursuant to a Rule 10b5-1 trading plan adopted on March 19, 2026 by a BVI entity controlled by Tianyu Hou. The Form 4 also affirms Rule 10b5-1 plan status at the document level.

How many Sea Ltd (SE) shares does Tianyu Hou still hold after the transactions?

After the reported sales, Tianyu Hou holds 2,428,015 Class A ordinary shares directly. The reported BVI entity’s holdings of the sold Class A ordinary shares are shown as 0 shares following completion of the 15,000-share disposition.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 07/20/2026 - 06:04 AM EDT

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^*

Hou Tianyu

(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)
	CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/17/2026

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	07/17/2026		S		2,840⁽¹⁾	D	$101.48⁽²⁾	12,160	I	By BVI entity
Class A ordinary shares	07/17/2026		S		2,177⁽¹⁾	D	$102.54⁽³⁾	9,983	I	By BVI entity
Class A ordinary shares	07/17/2026		S		5,887⁽¹⁾	D	$103.51⁽⁴⁾	4,096	I	By BVI entity
Class A ordinary shares	07/17/2026		S		3,136⁽¹⁾	D	$104.35⁽⁵⁾	960	I	By BVI entity
Class A ordinary shares	07/17/2026		S		960⁽¹⁾	D	$105.11⁽⁶⁾	0	I	By BVI entity
Class A ordinary shares								2,428,015	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 March 19, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $100.95 to $101.94. 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 $101.99 to $102.90.

4. Represents the weighted average price of shares sold at prices that ranged from $102.95 to $103.94.

5. Represents the weighted average price of shares sold at prices that ranged from $103.95 to $104.94.

6. Represents the weighted average price of shares sold at prices that ranged from $104.96 to $105.44.

	/s/ Emily Tan, attorney-in-fact for Tianyu Hou	07/20/2026
	** 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