Sea (NYSE: SE) COO’s BVI entity sells 10K shares under 10b5-1

Rhea-AI Filing Summary

Sea Ltd director and COO Ye Gang reported an indirect open-market sale of 10,000 Class A ordinary shares at a weighted average price of $80.85 per share. The shares were sold by a BVI entity controlled by him under a pre-arranged Rule 10b5-1 trading plan.

Following this transaction, the BVI entity held 420,000 shares indirectly, while Ye Gang also reported 22,394,539 shares held directly. The filing indicates a planned, routine disposition rather than a discretionary trade in Sea Ltd stock.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares ($808,500)

Net Sell 2 txns

Insider Ye Gang

Role COO

Sold 10,000 shs ($809K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	10,000	$80.85	$809K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 420,000 shares (Indirect, By BVI entity); Class A ordinary shares — 22,394,539 shares (Direct)

Footnotes (1)

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. Represents the weighted average price of shares sold at prices that ranged from $80.61 to $81.40. 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.

Key Figures

Shares sold: 10,000 shares Weighted average sale price: $80.85/share Indirect holdings after sale: 420,000 shares +2 more

5 metrics

Shares sold 10,000 shares Open-market sale on 2026-03-31 by controlled BVI entity

Weighted average sale price $80.85/share Class A ordinary shares, prices ranged $80.61–$81.40

Indirect holdings after sale 420,000 shares Held by BVI entity controlled by Ye Gang after transaction

Direct holdings after transaction 22,394,539 shares Class A ordinary shares held directly by Ye Gang

Net share change -10,000 shares Net sell direction across reported transactions

Key Terms

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

5 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.

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 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.

BVI entity financial

"adopted by a BVI entity controlled by the Reporting Person on September 4, 2025"

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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).

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)
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		S		10,000(1)	D	$80.85(2)	420,000	I	By BVI entity
Class A ordinary shares								22,394,539	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 $80.61 to $81.40. 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.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	04/01/2026
	** 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 Ye Gang?

Sea Ltd reported that an entity controlled by COO Ye Gang sold 10,000 Class A ordinary shares. The sale was an open-market transaction executed at a weighted average price of $80.85 per share according to the Form 4 filing.

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

The reported sale was executed at a weighted average price of $80.85 per share. Footnotes state prices ranged from $80.61 to $81.40, with the company offering to provide detailed breakdowns of shares sold at each price upon request.

Who actually sold the Sea Ltd (SE) shares reported for Ye Gang?

The 10,000 Sea Ltd shares were sold by a BVI entity controlled by Ye Gang. The filing classifies the transaction as an indirect ownership sale, meaning the shares are held and sold through this controlled entity rather than directly by Ye Gang.

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

Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan. This plan was adopted by the BVI entity controlled by Ye Gang on September 4, 2025, indicating the trades were pre-arranged rather than timed discretionarily.

How many Sea Ltd (SE) shares does Ye Gang hold after this transaction?

After the reported sale, the BVI entity held 420,000 shares indirectly, and Ye Gang reported an additional 22,394,539 shares held directly. These figures show a substantial remaining ownership position following the relatively small 10,000-share disposition.

What type of security was involved in Ye Gang’s Sea Ltd (SE) Form 4?

The transaction involved Class A ordinary shares of Sea Ltd. The Form 4 classifies the sale as a non-derivative open-market transaction, with no associated options, warrants, or other derivative securities reported in this particular filing.