Sea Ltd COO Ye Gang sells 20,000 SE shares

Rhea-AI Filing Summary

Sea Ltd reports that COO Ye Gang, through a BVI entity, sold a total of 20,000 Class A ordinary shares on April 28–29, 2026 under a Rule 10b5-1 trading plan adopted on September 4, 2025. After these sales, the BVI entity holds 220,000 Class A shares indirectly, while a separate direct holding of 22,396,405 Class A shares as of April 28, 2026 is reported.

Insights

Equity analyst

COO’s 20,000-share sale is small, pre-planned, and looks routine.

Sea Ltd’s COO, Ye Gang, oversaw open-market sales of 20,000 Class A shares via a BVI entity on April 28–29, 2026. The trades occurred at prices in the low-to-mid $80s per share.

A key detail is that these sales were made under a Rule 10b5-1 trading plan adopted on September 4, 2025, meaning the timing was pre-scheduled. After the transactions, indirect holdings were 227,720 shares, alongside a separate direct holding of 22,396,405 shares, so the sale represents a very small fraction of the visible position.

With no derivative exercises and only modest net selling, this filing mainly updates ownership records rather than signaling a major strategic shift. Future company filings may further update these holdings as the trading plan continues to execute.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares

Net Sell 9 txns

Insider Ye Gang

Role COO

Sold 20,000 shs ($1.69M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	2,280	$82.47	$188K
Sale	Class A ordinary shares	6,584	$83.30	$548K
Sale	Class A ordinary shares	442	$84.48	$37K
Sale	Class A ordinary shares	570	$85.47	$49K
Sale	Class A ordinary shares	124	$86.00	$11K
Sale	Class A ordinary shares	5,064	$85.03	$431K
Sale	Class A ordinary shares	4,436	$85.91	$381K
Sale	Class A ordinary shares	500	$86.64	$43K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 220,000 shares (Indirect, By BVI entity); Class A ordinary shares — 22,396,405 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 $84.46 to $85.45.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 $85.47 to $86.45.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $86.47 to $86.70.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $81.93 to $82.92.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $82.95 to $83.928.
7. F7. Represents the weighted average price of shares sold at prices that ranged from $83.93 to $84.62.
8. F8. Represents the weighted average price of shares sold at prices that ranged from $85.03 to $85.89.

Key Figures

Shares sold: 20,000 shares Sample sale price: $83.3000 per share Indirect holdings after trades: 220,000 shares +1 more

4 metrics

Shares sold 20,000 shares Total Class A ordinary shares sold indirectly on 2026-04-28 and 2026-04-29

Sample sale price $83.3000 per share Price for a 6,584-share sale of Class A ordinary shares on 2026-04-29

Indirect holdings after trades 220,000 shares Class A ordinary shares held indirectly by BVI entity after reported sales

Direct holdings reported 22,396,405 shares Direct Class A ordinary shares reported as held as of 2026-04-28

Key Terms

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

4 terms

Rule 10b5-1 trading plan regulatory

"The shares were sold pursuant to a Rule 10b5-1 trading plan"

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"

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"

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"

FAQ

What insider transaction did Sea Ltd (SE) report for COO Ye Gang?

Sea Ltd reported that a BVI entity controlled by COO Ye Gang sold 20,000 Class A ordinary shares on April 28–29, 2026. These open-market or private sales were disclosed as indirect transactions affecting the entity’s holdings in Sea Ltd.

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

The BVI entity associated with COO Ye Gang sold 20,000 Class A ordinary shares of Sea Ltd over two days, April 28 and April 29, 2026. The sales were reported in multiple tranches, each reflecting non-derivative open-market or private transactions.

Were Ye Gang’s Sea Ltd (SE) share sales made under a Rule 10b5-1 plan?

Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted by the BVI entity on September 4, 2025. Such plans pre-arrange trades, indicating these transactions followed a predetermined schedule rather than discretionary market-timing decisions.

How many Sea Ltd (SE) shares does the BVI entity hold after these trades?

After the reported sales, the BVI entity controlled by COO Ye Gang holds 220,000 Class A ordinary shares indirectly. This post-transaction balance reflects the remaining stake attributed to the BVI entity in Sea Ltd following the 20,000-share disposition.

What direct shareholding in Sea Ltd (SE) is reported for Ye Gang?

In addition to the indirect BVI-held stake, the filing reports a direct holding of 22,396,405 Class A ordinary shares for COO Ye Gang as of April 28, 2026. This direct position is separate from the 220,000 shares held indirectly via the BVI entity.

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Accepted by SEC EDGAR 04/30/2026 - 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^*

Ye Gang

(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)
	COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

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	04/28/2026		S		5,064(1)	D	$85.03(2)	234,936	I	By BVI entity
Class A ordinary shares	04/28/2026		S		4,436(1)	D	$85.91(3)	230,500	I	By BVI entity
Class A ordinary shares	04/28/2026		S		500(1)	D	$86.64(4)	230,000	I	By BVI entity
Class A ordinary shares	04/29/2026		S		2,280(1)	D	$82.47(5)	227,720	I	By BVI entity
Class A ordinary shares	04/29/2026		S		6,584(1)	D	$83.3(6)	221,136	I	By BVI entity
Class A ordinary shares	04/29/2026		S		442(1)	D	$84.48(7)	220,694	I	By BVI entity
Class A ordinary shares	04/29/2026		S		570(1)	D	$85.47(8)	220,124	I	By BVI entity
Class A ordinary shares	04/29/2026		S		124(1)	D	$86	220,000	I	By BVI entity
Class A ordinary shares								22,396,405	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 $84.46 to $85.45.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 $85.47 to $86.45.

4. Represents the weighted average price of shares sold at prices that ranged from $86.47 to $86.70.

5. Represents the weighted average price of shares sold at prices that ranged from $81.93 to $82.92.

6. Represents the weighted average price of shares sold at prices that ranged from $82.95 to $83.928.

7. Represents the weighted average price of shares sold at prices that ranged from $83.93 to $84.62.

8. Represents the weighted average price of shares sold at prices that ranged from $85.03 to $85.89.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	04/30/2026
	** 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)