Sea COO Ye Gang sells 40,000 shares under plan

Rhea-AI Filing Summary

Sea Ltd (SE) director and COO Ye Gang reported indirect sales of 40,000 Class A ordinary shares on September 9–10, 2026 through a BVI entity he controls, at weighted-average prices around $107.92–$111.39, under a Rule 10b5-1 trading plan adopted on September 4, 2025. He also reports 20,396,405 Class A shares held directly as of September 9, 2026.

Insider Trade Summary 10b5-1

Net Seller: 40,000 shares

Net Sell 7 txns

Insider Ye Gang

Role COO

Sold 40,000 shs ($4.34M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1, F6	16,099	$107.92	$1.74M
Sale	Class A ordinary shares F1, F7	3,901	$108.54	$423K
Sale	Class A ordinary shares F1, F2	12,000	$108.41	$1.30M
Sale	Class A ordinary shares F1, F3	6,300	$109.21	$688K
Sale	Class A ordinary shares F1, F4	1,200	$110.57	$133K
Sale	Class A ordinary shares F1, F5	500	$111.39	$56K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 718,792 shares (Indirect, By BVI entity); Class A ordinary shares — 20,396,405 shares (Direct)

Footnotes (7)

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 $107.86 to $108.83. 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 $108.86 to $109.69.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $110.15 to $110.78.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $110.99 to $111.83.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $107.35 to $108.34.
7. F7. Represents the weighted average price of shares sold at prices that ranged from $108.35 to $108.75.

Key Figures

Total shares sold: 40,000 shares Sale price 1: $107.92 per share Sale price 2: $108.54 per share +4 more

7 metrics

Total shares sold 40,000 shares Class A ordinary shares sold indirectly on September 9–10, 2026

Sale price 1 $107.92 per share 16,099 Class A shares sold indirectly on September 10, 2026

Sale price 2 $108.54 per share 3,901 Class A shares sold indirectly on September 10, 2026

Sale price 3 $108.41 per share 12,000 Class A shares sold indirectly on September 9, 2026; weighted average with prices from $107.86 to $108.83

Sale price 4 $109.21 per share 6,300 Class A shares sold indirectly on September 9, 2026; weighted average with prices from $108.86 to $109.69

Direct holdings after transaction 20,396,405 shares Class A ordinary shares held directly by Ye Gang as of September 9, 2026

Rule 10b5-1 plan adoption date September 4, 2025 Trading plan adopted by BVI entity controlled by the reporting person

Key Terms

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

4 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 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.

Class A ordinary shares financial

"Class A ordinary shares sold indirectly on September 9–10, 2026"

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.

indirect ownership financial

"Shares sold were held indirectly through a BVI entity"

FAQ

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

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

Ye Gang reported sales of 40,000 Class A ordinary shares of Sea Ltd on September 9–10, 2026, executed indirectly through a BVI entity he controls, according to the Form 4 filing.

At what prices were Ye Gang’s Sea Ltd (SE) shares sold?

The reported weighted-average sale prices ranged from about $107.35 to $111.83 per share, with specific Form 4 lines showing prices such as $107.92, $108.41, $109.21, $110.57 and $111.39, each tied to detailed price ranges in the footnotes.

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

Yes. All reported sales were made pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Ye Gang on September 4, 2025, as stated in the Form 4 footnotes.

How many Sea Ltd (SE) shares does Ye Gang hold directly after these transactions?

The Form 4 reports that Ye Gang holds 20,396,405 Class A ordinary shares directly as of September 9, 2026. Indirect holdings through the BVI entity are not quantified in this filing after the reported sales.

Were Ye Gang’s Sea Ltd (SE) sales direct or indirect holdings?

The 40,000 shares sold were held indirectly through a BVI entity controlled by Ye Gang. The filing separately shows a large block of 20,396,405 shares held directly in his own name.

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

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Available on EDGAR 09/11/2026 - 06:14 AM Accepted by SEC EDGAR 09/11/2026 - 06:14 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 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)
09/09/2026

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	09/09/2026		S		12,000(1)	D	$108.41(2)	746,792	I	By BVI entity
Class A ordinary shares	09/09/2026		S		6,300(1)	D	$109.21(3)	740,492	I	By BVI entity
Class A ordinary shares	09/09/2026		S		1,200(1)	D	$110.57(4)	739,292	I	By BVI entity
Class A ordinary shares	09/09/2026		S		500(1)	D	$111.39(5)	738,792	I	By BVI entity
Class A ordinary shares	09/10/2026		S		16,099(1)	D	$107.92(6)	722,693	I	By BVI entity
Class A ordinary shares	09/10/2026		S		3,901(1)	D	$108.54(7)	718,792	I	By BVI entity
Class A ordinary shares								20,396,405	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 $107.86 to $108.83. 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 $108.86 to $109.69.

4. Represents the weighted average price of shares sold at prices that ranged from $110.15 to $110.78.

5. Represents the weighted average price of shares sold at prices that ranged from $110.99 to $111.83.

6. Represents the weighted average price of shares sold at prices that ranged from $107.35 to $108.34.

7. Represents the weighted average price of shares sold at prices that ranged from $108.35 to $108.75.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	09/11/2026
	** 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)