Sea legal chief sells 3,000 shares under plan

A BVI entity controlled by Sea Ltd’s CCO and GC sold 3,000 Class A shares under a Rule 10b5-1 plan, while the officer continues to hold over 1.1 million shares directly.

Rhea-AI Filing Summary

Sea Ltd (SE) reported that its chief corporate officer and general counsel, Wang Yanjun, had an affiliated BVI entity sell a total of 3,000 Class A ordinary shares in open-market or private transactions on September 4 and September 8, 2026. The sales were made pursuant to a Rule 10b5-1 trading plan adopted by that BVI entity on March 26, 2026, at weighted average prices reflecting ranges from roughly $110.31 to $114.72 per share. After these transactions, Wang Yanjun directly held 1,132,842 Class A ordinary shares as of September 4, 2026.

Insider Trade Summary 10b5-1

Net Seller: 3,000 shares

Net Sell 8 txns

Insider Wang Yanjun

Role CCO and GC

Sold 3,000 shs ($339K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1, F5	217	$110.83	$24K
Sale	Class A ordinary shares F1, F6	207	$112.08	$23K
Sale	Class A ordinary shares F1, F7	612	$113.01	$69K
Sale	Class A ordinary shares F1, F8	464	$113.61	$53K
Sale	Class A ordinary shares F1, F2	487	$112.64	$55K
Sale	Class A ordinary shares F1, F3	898	$113.51	$102K
Sale	Class A ordinary shares F1, F4	115	$114.35	$13K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 9,600 shares (Indirect, By BVI entity); Class A ordinary shares — 1,132,842 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 March 26, 2026.
2. F2. Represents the weighted average price of shares sold at prices that ranged from $112.13 to $113.127. 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 $113.13 to $114.11.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $114.13 to $114.72.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $110.31 to $111.25.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $111.42 to $112.29.
7. F7. Represents the weighted average price of shares sold at prices that ranged from $112.31 to $113.30.
8. F8. Represents the weighted average price of shares sold at prices that ranged from $113.31 to $114.09.

Key Figures

Total shares sold: 3,000 shares Weighted average sale price example: $112.64 per share Highest reported weighted average price: $114.35 per share +3 more

6 metrics

Total shares sold 3,000 shares Class A ordinary shares sold indirectly on September 4 and 8, 2026

Weighted average sale price example $112.64 per share One sale tranche of 487 shares on September 4, 2026, with trades between $112.13 and $113.127

Highest reported weighted average price $114.35 per share Sale of 115 shares on September 4, 2026, with trades between $114.13 and $114.72

Lowest reported price range $110.31–$111.25 per share Price range for one September 8, 2026 sale tranche noted in a footnote

Direct holdings after transactions 1,132,842 shares Directly held Class A ordinary shares as of September 4, 2026

Rule 10b5-1 plan adoption date March 26, 2026 Date the BVI entity controlled by Wang Yanjun adopted the trading plan used for these sales

Key Terms

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

3 terms

Rule 10b5-1 trading plan regulatory

"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.

weighted average price financial

"Represents the weighted average price of shares sold at prices that ranged from"

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

"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.

FAQ

What insider transactions did Sea Ltd (SE) report for Wang Yanjun?

Sea Ltd reported that an affiliated BVI entity controlled by Wang Yanjun sold 3,000 Class A ordinary shares in open-market or private transactions on September 4 and September 8, 2026, under a pre-adopted trading plan.

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

The reported weighted average sale prices ranged from about $110.83 to $114.35 per share, with underlying trade prices within disclosed ranges between $110.31 and $114.72 per share, as described in the footnotes.

How many Sea Ltd (SE) shares did the BVI entity sell on behalf of Wang Yanjun?

Across seven transactions, the BVI entity controlled by Wang Yanjun sold a total of 3,000 Class A ordinary shares of Sea Ltd, according to the Form 4’s transaction summary.

How many Sea Ltd (SE) shares does Wang Yanjun hold after these transactions?

After the reported sales, Wang Yanjun held 1,132,842 Class A ordinary shares directly as of September 4, 2026, in addition to the indirect holdings associated with the BVI entity that executed the sales.

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

Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Wang Yanjun on March 26, 2026, indicating the trades were pre-arranged.

Were the reported Sea Ltd (SE) insider holdings direct or indirect?

The 3,000 shares sold were held indirectly through a BVI entity controlled by Wang Yanjun, while the 1,132,842 shares listed in the holding entry are reported as directly held.

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Available on EDGAR 09/09/2026 - 06:04 AM Accepted by SEC EDGAR 09/09/2026 - 06:01 AM 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 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)
09/04/2026

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	09/04/2026		S		487(1)	D	$112.64(2)	12,113	I	By BVI entity
Class A ordinary shares	09/04/2026		S		898(1)	D	$113.51(3)	11,215	I	By BVI entity
Class A ordinary shares	09/04/2026		S		115(1)	D	$114.35(4)	11,100	I	By BVI entity
Class A ordinary shares	09/08/2026		S		217(1)	D	$110.83(5)	10,883	I	By BVI entity
Class A ordinary shares	09/08/2026		S		207(1)	D	$112.08(6)	10,676	I	By BVI entity
Class A ordinary shares	09/08/2026		S		612(1)	D	$113.01(7)	10,064	I	By BVI entity
Class A ordinary shares	09/08/2026		S		464(1)	D	$113.61(8)	9,600	I	By BVI entity
Class A ordinary shares								1,132,842	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 March 26, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $112.13 to $113.127. 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 $113.13 to $114.11.

4. Represents the weighted average price of shares sold at prices that ranged from $114.13 to $114.72.

5. Represents the weighted average price of shares sold at prices that ranged from $110.31 to $111.25.

6. Represents the weighted average price of shares sold at prices that ranged from $111.42 to $112.29.

7. Represents the weighted average price of shares sold at prices that ranged from $112.31 to $113.30.

8. Represents the weighted average price of shares sold at prices that ranged from $113.31 to $114.09.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	09/09/2026
	** 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)