Sea Ltd (NYSE: SE) CPO reports 800-share sale via BVI entity and 1,866-share grant

Rhea-AI Filing Summary

Sea Ltd CPO Jingye Chen reported insider activity involving both sales and an equity award. A BVI entity controlled by Chen sold a total of 800 indirect Class A ordinary shares in open‑market trades on April 1 under a pre‑arranged Rule 10b5‑1 trading plan. Separately, Chen directly acquired 1,866 Class A ordinary shares on March 31 as a grant or award, bringing direct holdings to 9,075,774 shares and indirect holdings to 232,000 shares.

Insights

Equity compensation and insider-trading analyst

Mixed activity: small 10b5-1 sales alongside a routine share grant.

The filing shows a BVI entity controlled by Jingye Chen selling 800 Class A ordinary shares of Sea Ltd in several open-market trades, with prices around $82–$84 per share. These trades were executed under a pre-arranged Rule 10b5-1 trading plan, indicating they were scheduled in advance rather than timed discretionarily.

On the prior day, Chen directly received 1,866 Class A ordinary shares as a grant or award, lifting direct holdings to 9,075,774 shares while indirect holdings stand at 232,000 shares. Relative to these sizable positions, the net sale of 800 shares is small, suggesting routine portfolio and compensation activity rather than a thesis-changing move.

Insider Trade Summary 10b5-1

Net Seller: 800 shares ($66,126)

Net Sell 4 txns

Insider Chen Jingye

Role CPO, Shopee

Sold 800 shs ($66K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	551	$82.20	$45K
Sale	Class A ordinary shares	204	$83.51	$17K
Sale	Class A ordinary shares	45	$84.40	$4K
Grant/Award	Class A ordinary shares	1,866	$85.74	$160K

Holdings After Transaction: Class A ordinary shares — 232,249 shares (Indirect, By BVI entity); Class A ordinary shares — 9,075,774 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 August 28, 2025. Represents the weighted average price of shares sold at prices that ranged from $81.93 to $82.92. 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. Represents the weighted average price of shares sold at prices that ranged from $82.99 to $83.92. Represents the weighted average price of shares sold at prices that ranged from $83.93 to $84.79.

Key Figures

Shares sold: 800 shares Sale prices: $82.20, $83.51, $84.40 per share Shares granted: 1,866 shares +2 more

5 metrics

Shares sold 800 shares Total Class A ordinary shares sold indirectly on April 1

Sale prices $82.20, $83.51, $84.40 per share Open-market sales of 551, 204 and 45 shares respectively

Shares granted 1,866 shares Class A ordinary share grant/award on March 31

Direct holdings 9,075,774 shares Class A ordinary shares held directly after transactions

Indirect holdings 232,000 shares Class A ordinary shares held indirectly via BVI entity after sales

Key Terms

Rule 10b5-1 trading plan, Class A ordinary shares, grant, award, or other acquisition, weighted average price, +1 more

5 terms

Rule 10b5-1 trading plan financial

"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.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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

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

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^*

Chen Jingye

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CPO, Shopee

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		A		1,866	A	$85.74	9,075,774	D
Class A ordinary shares	04/01/2026		S		551(1)	D	$82.2(2)	232,249	I	By BVI entity
Class A ordinary shares	04/01/2026		S		204(1)	D	$83.51(3)	232,045	I	By BVI entity
Class A ordinary shares	04/01/2026		S		45(1)	D	$84.4(4)	232,000	I	By BVI entity

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 August 28, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $81.93 to $82.92. 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 $82.99 to $83.92.

4. Represents the weighted average price of shares sold at prices that ranged from $83.93 to $84.79.

	/s/ Mark Tang, attorney-in-fact for Jingye Chen	04/02/2026
	** 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 transactions did Sea Ltd (SE) CPO Jingye Chen report?

Jingye Chen reported two types of transactions: a direct grant of 1,866 Sea Ltd Class A ordinary shares on March 31, and open-market sales totaling 800 Class A ordinary shares on April 1 through an indirectly held BVI entity under a Rule 10b5-1 plan.

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

The BVI entity associated with Jingye Chen sold 800 Sea Ltd Class A ordinary shares in three trades: 551 shares at about $82.20, 204 shares at about $83.51, and 45 shares at about $84.40, all described as open-market sales.

What is Jingye Chen’s share ownership in Sea Ltd (SE) after these Form 4 transactions?

After the reported transactions, Jingye Chen holds 9,075,774 Sea Ltd Class A ordinary shares directly and 232,000 Class A ordinary shares indirectly through a BVI entity. These figures reflect the impact of both the 1,866-share grant and the 800 shares sold.

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

Yes. The filing states that the Sea Ltd shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Jingye Chen. Such plans are pre-arranged trading programs designed to allow systematic share sales over time.

What does the acquisition code “A” mean in this Sea Ltd (SE) Form 4 filing?

In this filing, transaction code “A” refers to a grant, award, or other acquisition of Sea Ltd Class A ordinary shares. Specifically, it reflects the 1,866 shares that Jingye Chen acquired directly on March 31 as an equity award rather than an open-market purchase.

How significant is the 800-share sale relative to Jingye Chen’s Sea Ltd (SE) holdings?

The 800 shares sold are small compared with Jingye Chen’s reported holdings of 9,075,774 Class A ordinary shares directly and 232,000 shares indirectly. This scale suggests the transactions represent routine activity rather than a major change in ownership.