Sea Ltd CEO sells 19K shares under trading plan

Sea Ltd’s Chairman and CEO, Li Xiaodong, reported indirect sales of a total of 19,230 Class A ordinary shares of SE on August 13, 2026.

Rhea-AI Filing Summary

Sea Ltd’s Chairman and CEO, Li Xiaodong, reported indirect sales of a total of 19,230 Class A ordinary shares of SE on August 13, 2026. The shares were sold by a BVI entity controlled by him in multiple open-market transactions under a Rule 10b5-1 trading plan, at weighted-average prices spanning disclosed ranges from $122.15 to $126.82. Li continues to hold 1,021,462 Class A ordinary shares directly; the report covers only shares in which he has pecuniary interest and excludes shares where he has only voting power via irrevocable proxies.

Insider Trade Summary 10b5-1

Net Seller: 19,230 shares

Net Sell 6 txns

Insider Li Xiaodong

Role Chairman and CEO

Sold 19,230 shs ($2.38M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1, F2	6,039	$122.72	$741K
Sale	Class A ordinary shares F1, F3	6,442	$123.70	$797K
Sale	Class A ordinary shares F1, F4	3,520	$124.72	$439K
Sale	Class A ordinary shares F1, F5	1,697	$125.54	$213K
Sale	Class A ordinary shares F1, F6	1,532	$126.49	$194K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 269,220 shares (Indirect, By BVI entity); Class A ordinary shares — 1,021,462 shares (Direct)

Footnotes (6)

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 10, 2025.
2. F2. Represents the weighted average price of shares sold at prices that ranged from $122.15 to $123.15. 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 $123.16 to $124.14.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $124.18 to $125.15.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $125.16 to $125.99.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $126.22 to $126.82.

Key Figures

Total shares sold: 19,230 shares Shares sold at $122.72: 6,039 shares Shares sold at $123.70: 6,442 shares +5 more

8 metrics

Total shares sold 19,230 shares Aggregate Class A ordinary shares sold indirectly on August 13, 2026

Shares sold at $122.72 6,039 shares Indirect sale of Class A ordinary shares at $122.72 per share

Shares sold at $123.70 6,442 shares Indirect sale of Class A ordinary shares at $123.70 per share

Shares sold at $124.72 3,520 shares Indirect sale of Class A ordinary shares at $124.72 per share

Shares sold at $125.54 1,697 shares Indirect sale of Class A ordinary shares at $125.54 per share

Shares sold at $126.49 1,532 shares Indirect sale of Class A ordinary shares at $126.49 per share

Direct holdings after transactions 1,021,462 shares Class A ordinary shares held directly by Li Xiaodong after August 13, 2026

10b5-1 plan adoption date September 10, 2025 Date BVI entity controlled by Li Xiaodong adopted Rule 10b5-1 trading plan

Key Terms

Rule 10b5-1 trading plan, weighted average price, pecuniary interest, irrevocable voting proxies, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

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

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"

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.

pecuniary interest financial

"shares over which the Reporting Person has no pecuniary interest"

irrevocable voting proxies regulatory

"voting power due to irrevocable voting proxies from the respective owners"

beneficially own regulatory

"securities that the Reporting Person may be deemed to beneficially own"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Sea Ltd (SE) disclose for Li Xiaodong on August 13, 2026?

Sea Ltd disclosed that a BVI entity controlled by Li Xiaodong sold 19,230 Class A ordinary shares on August 13, 2026. The sales were executed in multiple open-market trades pursuant to a Rule 10b5-1 trading plan at various weighted-average prices.

At what prices were Sea Ltd (SE) shares sold in Li Xiaodong’s August 13, 2026 transactions?

The reported Sea Ltd share sales occurred at weighted-average prices between roughly $122.15 and $126.82. Individual line items show prices such as $122.72, $123.70, $124.72, $125.54, and $126.49, each tied to specific trade-size blocks.

How many Sea Ltd (SE) shares did Li Xiaodong sell through the BVI entity?

The BVI entity controlled by Li Xiaodong sold a total of 19,230 Class A ordinary shares of Sea Ltd. These sales were split across five separate transactions, each reported with its own share amount and weighted-average execution price, all on August 13, 2026.

How many Sea Ltd (SE) shares does Li Xiaodong hold directly after these transactions?

After the reported sales, Li Xiaodong directly holds 1,021,462 Class A ordinary shares of Sea Ltd. The Form 4 distinguishes these direct holdings from the indirectly held shares sold by the BVI entity and from shares over which he has only voting power.

Were Li Xiaodong’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 on September 10, 2025 by a BVI entity controlled by Li Xiaodong. This indicates the trades followed a pre-arranged plan rather than ad hoc market timing.

Does the Sea Ltd (SE) filing include all shares over which Li Xiaodong has voting power?

No. The report includes only securities Li Xiaodong may be deemed to beneficially own with pecuniary interest. It expressly excludes Class A shares where he has voting power solely through irrevocable voting proxies, such as from certain directors, employees, and Garena ESOP Program (PTC) Limited.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/17/2026 - 06:04 AM EDT 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^*

Li Xiaodong

(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)

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)
08/13/2026

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	08/13/2026		S		6,039(1)	D	$122.72(2)	282,411	I	By BVI entity
Class A ordinary shares	08/13/2026		S		6,442(1)	D	$123.7(3)	275,969	I	By BVI entity
Class A ordinary shares	08/13/2026		S		3,520(1)	D	$124.72(4)	272,449	I	By BVI entity
Class A ordinary shares	08/13/2026		S		1,697(1)	D	$125.54(5)	270,752	I	By BVI entity
Class A ordinary shares	08/13/2026		S		1,532(1)	D	$126.49(6)	269,220	I	By BVI entity
Class A ordinary shares								1,021,462	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 10, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $122.15 to $123.15. 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 $123.16 to $124.14.

4. Represents the weighted average price of shares sold at prices that ranged from $124.18 to $125.15.

5. Represents the weighted average price of shares sold at prices that ranged from $125.16 to $125.99.

6. Represents the weighted average price of shares sold at prices that ranged from $126.22 to $126.82.

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	08/17/2026
	** 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)