Sea Ltd (SE) CEO Li Xiaodong receives 1,866-share equity grant, boosts holdings

Rhea-AI Filing Summary

Li Xiaodong reported acquisition or exercise transactions in this Form 4 filing.

Sea Ltd Chairman and CEO Li Xiaodong received a grant of 1,866 Class A ordinary shares on March 31, 2026, recorded at $85.74 per share. After this compensation-related award, he directly holds 1,473,969 Class A ordinary shares.

The filing also lists an indirect holding of 893,593 Class A ordinary shares held through a BVI entity, reflecting additional ownership associated with him but not a new transaction.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Li Xiaodong

Role Chairman and CEO

Type	Security	Shares	Price	Value
Grant/Award	Class A ordinary shares	1,866	$85.74	$160K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 1,473,969 shares (Direct); Class A ordinary shares — 893,593 shares (Indirect, By BVI entity)

Footnotes (1)

Key Figures

Shares granted: 1,866 Class A ordinary shares Grant price: $85.74 per share Direct holdings after grant: 1,473,969 Class A ordinary shares +2 more

5 metrics

Shares granted 1,866 Class A ordinary shares Equity grant on March 31, 2026

Grant price $85.74 per share Reported price for the 1,866-share award

Direct holdings after grant 1,473,969 Class A ordinary shares Total directly held following the award

Indirect holdings 893,593 Class A ordinary shares Held indirectly by BVI entity

Acquire transactions 1 transaction Grant/award acquisition in this Form 4

Key Terms

Class A ordinary shares, grant/award acquisition, indirect holding, BVI entity

4 terms

Class A ordinary shares financial

"1,866 Class A ordinary shares on March 31, 2026, recorded at $85.74 per share."

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.

grant/award acquisition financial

"This is coded as an award or other acquisition, reflecting equity-based compensation rather than an open-market purchase."

indirect holding financial

"The filing also lists an indirect holding of 893,593 Class A ordinary shares held through a BVI entity."

BVI entity financial

"An indirect holding of 893,593 Class A ordinary shares held through a BVI entity."

Form 4 Insider Transactions: What Each Field Means →

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^*

Li Xiaodong

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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	03/31/2026		A		1,866	A	$85.74	1,473,969	D
Class A ordinary shares								893,593	I	By BVI entity

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:

Remarks:

This Report includes only the securities that the Reporting Person may be deemed to beneficially own in accordance with Rule 16a-1. This report does not include Class A ordinary shares over which the Reporting Person has no pecuniary interest but has voting power due to irrevocable voting proxies from the respective owners of such shares (including certain directors and employees of the Issuer, certain affiliates of employees of the Issuer, and Garena ESOP Program (PTC) Limited).

	/s/ Mark Tang, attorney-in-fact for Xiaodong Li	04/02/2026
	** 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)

FAQ

What insider transaction did Sea Ltd (SE) report for Li Xiaodong?

Sea Ltd reported that Chairman and CEO Li Xiaodong received a grant of 1,866 Class A ordinary shares on March 31, 2026. This is coded as an award or other acquisition, reflecting equity-based compensation rather than an open-market purchase.

At what price was Li Xiaodong’s Sea Ltd (SE) share grant recorded?

The grant of 1,866 Class A ordinary shares to Li Xiaodong was recorded at $85.74 per share. This figure is an accounting price used in the Form 4 and helps indicate the grant’s valuation for reporting and compensation disclosure purposes.

How many Sea Ltd (SE) shares does Li Xiaodong hold directly after this Form 4?

Following the reported grant, Li Xiaodong directly holds 1,473,969 Class A ordinary shares of Sea Ltd. This post-transaction figure shows his continuing substantial direct ownership stake as Chairman and CEO, after including the newly awarded shares.

What indirect Sea Ltd (SE) holdings are associated with Li Xiaodong?

The Form 4 shows an indirect holding of 893,593 Class A ordinary shares described as held "By BVI entity". This entry reflects ownership through a separate entity and is classified as indirect, not part of his directly held personal shares.

Does the Sea Ltd (SE) Form 4 show any insider share sales by Li Xiaodong?

No share sales are reported for Li Xiaodong in this Form 4. The disclosed activity is a grant or award acquisition of 1,866 Class A ordinary shares, with no transactions coded as open-market sales or other dispositions in the provided data.