Was the Sea (SE) CFO’s share sale made under a Rule 10b5-1 plan?

Yes. The Form 4 states the shares were sold under a Rule 10b5-1 trading plan. The plan was adopted on March 19, 2026 by a BVI entity controlled by the reporting person, indicating the sales were pre-arranged rather than opportunistic.

Sea (NYSE: SE) CFO sells 10,000 shares via Rule 10b5-1 plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd CFO Tianyu Hou, through a BVI entity he controls, reported open-market sales of 10,000 Class A ordinary shares of Sea Ltd on June 18, 2026. The sales were executed under a Rule 10b5-1 trading plan adopted by the BVI entity on March 19, 2026.

The disclosed sale prices included weighted average prices of $89.66, $90.91 and $91.53 per share for different trade ranges. After these transactions, Hou is shown as holding 2,428,015 Class A shares directly and 28,313 Class A shares indirectly through the BVI entity.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares ($907,745)

Net Sell 4 txns

Insider Hou Tianyu

Role CFO

Sold 10,000 shs ($908K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	1,687	$89.66	$151K
Sale	Class A ordinary shares	7,097	$90.91	$645K
Sale	Class A ordinary shares	1,216	$91.53	$111K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 28,313 shares (Indirect, By BVI entity); Class A ordinary shares — 2,428,015 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 March 19, 2026. Represents the weighted average price of shares sold at prices that ranged from $89.20 to $90.19. 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 $90.22 to $91.19. Represents the weighted average price of shares sold at prices that ranged from $91.21 to $91.99.

Key Figures

Shares sold: 10,000 shares Sale price 1: $91.53 per share Sale price 2: $90.91 per share +4 more

7 metrics

Shares sold 10,000 shares Total Class A shares sold June 18, 2026

Sale price 1 $91.53 per share Weighted average price for 1,216 shares sold

Sale price 2 $90.91 per share Weighted average price for 7,097 shares sold

Sale price 3 $89.66 per share Weighted average price for 1,687 shares sold

Direct holdings after 2,428,015 shares Direct Class A holdings following transactions

Indirect holdings after 28,313 shares Indirect Class A holdings via BVI entity after sales

Net share change -10,000 shares Net effect of reported buy/sell activity

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 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 $89.20 to $90.19"

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

"adopted by a BVI entity controlled by the Reporting Person on March 19, 2026"

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Form 4 Insider Transactions: What Each Field Means →

06/23/2026 - 06:02 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^*

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)
06/18/2026

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	06/18/2026		S		1,687⁽¹⁾	D	$89.66⁽²⁾	28,313	I	By BVI entity
Class A ordinary shares	06/18/2026		S		7,097⁽¹⁾	D	$90.91⁽³⁾	21,216	I	By BVI entity
Class A ordinary shares	06/18/2026		S		1,216⁽¹⁾	D	$91.53⁽⁴⁾	20,000	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 $89.20 to $90.19. 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 $90.22 to $91.19.

4. Represents the weighted average price of shares sold at prices that ranged from $91.21 to $91.99.

	/s/ Emily Tan, attorney-in-fact for Tianyu Hou	06/23/2026
	** 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 transaction did Sea (SE) report for CFO Tianyu Hou?

Sea reported that CFO Tianyu Hou, via a controlled BVI entity, sold 10,000 Class A shares. The trades occurred on June 18, 2026 and were executed in the open market under a pre-established Rule 10b5-1 trading plan.

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

The 10,000 Sea Class A shares were sold at weighted average prices of $91.53, $90.91 and $89.66. Footnotes note price ranges from $89.20 to $91.99, reflecting multiple individual trades within these ranges.

How many Sea (SE) shares does CFO Tianyu Hou hold after this transaction?

After the reported sales, Hou holds 2,428,015 Class A shares directly and 28,313 indirectly. The indirect holdings are through a BVI entity, while the direct position reflects shares registered in his own name.

What role does the BVI entity play in the Sea (SE) Form 4 transactions?

The BVI entity is the vehicle through which the indirect Sea share sales and holdings are made. It is controlled by CFO Tianyu Hou, and transactions labeled "By BVI entity" reflect indirect ownership and trading activity through that entity.