Were Ye Gang’s Sea Ltd (SE) share sales under a trading plan?

Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Ye Gang on September 4, 2025. Such plans pre-schedule trades to reduce timing discretion.

Sea COO-linked entity sells 40,000 shares

Sea Ltd director and COO Ye Gang reported indirect open-market sales of 40,000 Class A ordinary shares over two days.

Filing Impact

(Very High)

Filing Sentiment

(Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Sea Ltd director and COO Ye Gang reported indirect open-market sales of 40,000 Class A ordinary shares over two days. A BVI entity controlled by him sold these shares on July 6–7, 2026 at weighted average prices around $103–$106 per share under a pre-arranged Rule 10b5-1 trading plan adopted on September 4, 2025.

Following these transactions, he continues to hold 21,636,405 Class A ordinary shares directly and 480,000 shares indirectly through the BVI entity, indicating the sales represent a small portion of his overall ownership.

Insider Trade Summary 10b5-1

Net Seller: 40,000 shares

Net Sell 7 txns

Insider Ye Gang

Role COO

Sold 40,000 shs ($4.19M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	11,303	$104.63	$1.18M
Sale	Class A ordinary shares	7,597	$105.51	$802K
Sale	Class A ordinary shares	1,100	$106.28	$117K
Sale	Class A ordinary shares	9,695	$103.76	$1.01M
Sale	Class A ordinary shares	4,905	$104.53	$513K
Sale	Class A ordinary shares	5,400	$105.46	$569K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 480,000 shares (Indirect, By BVI entity); Class A ordinary shares — 21,636,405 shares (Direct)

Footnotes (7)

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.
F2. Represents the weighted average price of shares sold at prices that ranged from $103.05 to $104.02. 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.
F3. Represents the weighted average price of shares sold at prices that ranged from $104.05 to $105.00.
F4. Represents the weighted average price of shares sold at prices that ranged from $105.05 to $106.05.
F5. Represents the weighted average price of shares sold at prices that ranged from $104.08 to $105.07.
F6. Represents the weighted average price of shares sold at prices that ranged from $105.09 to $105.97.
F7. Represents the weighted average price of shares sold at prices that ranged from $106.10 to $106.40.

Key Figures

Shares sold: 40,000 shares Sale prices: $103–$106 per share Direct holdings after: 21,636,405 shares +3 more

6 metrics

Shares sold 40,000 shares Total Class A ordinary shares sold July 6–7, 2026

Sale prices $103–$106 per share Weighted average price ranges from footnotes

Direct holdings after 21,636,405 shares Class A ordinary shares held directly after transactions

Indirect holdings after 480,000 shares Class A ordinary shares held via BVI entity after transactions

Net insider direction net-sell 40,000 shares Form 4 transaction summary

Trading plan adoption date September 4, 2025 Rule 10b5-1 plan for BVI entity

Key Terms

Rule 10b5-1 trading plan, Class A ordinary shares, open-market sale, weighted average price, +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.

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.

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

"a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person"

FAQ

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

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

Sea Ltd reported that a BVI entity controlled by COO and director Ye Gang sold 40,000 Class A ordinary shares in open-market transactions. These trades occurred over July 6–7, 2026, and were reported on a Form 4 insider filing.

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

The 40,000 Sea Ltd Class A ordinary shares were sold at weighted average prices of about $103–$106 per share. Footnotes note specific price ranges for each trade and offer to provide exact breakdowns upon request.

How many Sea Ltd (SE) shares does Ye Gang still own after these sales?

After the reported trades, Ye Gang holds 21,636,405 Class A ordinary shares directly and 480,000 shares indirectly through a BVI entity. This shows the 40,000 shares sold are a small fraction of his total holdings.

Are the Sea Ltd (SE) shares sold held directly by Ye Gang?

The sold shares were held indirectly through a BVI entity described in the filing as controlled by Ye Gang. The Form 4 characterizes his remaining 480,000 indirectly owned shares as held by this BVI entity.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 07/08/2026 - 06:02 AM EDT

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).

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)
07/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A ordinary shares	07/06/2026		S		9,695⁽¹⁾	D	$103.76⁽²⁾	510,305	I	By BVI entity
Class A ordinary shares	07/06/2026		S		4,905⁽¹⁾	D	$104.53⁽³⁾	505,400	I	By BVI entity
Class A ordinary shares	07/06/2026		S		5,400⁽¹⁾	D	$105.46⁽⁴⁾	500,000	I	By BVI entity
Class A ordinary shares	07/07/2026		S		11,303⁽¹⁾	D	$104.63⁽⁵⁾	488,697	I	By BVI entity
Class A ordinary shares	07/07/2026		S		7,597⁽¹⁾	D	$105.51⁽⁶⁾	481,100	I	By BVI entity
Class A ordinary shares	07/07/2026		S		1,100⁽¹⁾	D	$106.28⁽⁷⁾	480,000	I	By BVI entity
Class A ordinary shares								21,636,405	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $103.05 to $104.02. 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 $104.05 to $105.00.

4. Represents the weighted average price of shares sold at prices that ranged from $105.05 to $106.05.

5. Represents the weighted average price of shares sold at prices that ranged from $104.08 to $105.07.

6. Represents the weighted average price of shares sold at prices that ranged from $105.09 to $105.97.

7. Represents the weighted average price of shares sold at prices that ranged from $106.10 to $106.40.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	07/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR