Sea Ltd (NYSE: SE) CCO sells 800 shares via Rule 10b5-1 plan

Rhea-AI Filing Summary

A BVI entity controlled by Sea Ltd’s chief compliance officer and general counsel, Wang Yanjun, sold 800 Class A ordinary shares on May 20, 2026 in non-derivative open-market or private transactions at weighted-average prices between $84.93 and $87.12 per share, under a Rule 10b5-1 trading plan adopted on September 4, 2025.

After these sales, the BVI entity holds 12,400 Class A ordinary shares indirectly, and Wang also holds 1,212,442 Class A ordinary shares directly.

Insider Trade Summary 10b5-1

Net Seller: 800 shares

Net Sell 4 txns

Insider Wang Yanjun

Role CCO and GC

Sold 800 shs ($69K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	164	$85.43	$14K
Sale	Class A ordinary shares	586	$86.54	$51K
Sale	Class A ordinary shares	50	$86.99	$4K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 12,400 shares (Indirect, By BVI entity); Class A ordinary shares — 1,212,442 shares (Direct)

Footnotes (4)

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 $84.93 to $85.92. 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. F3. Represents the weighted average price of shares sold at prices that ranged from $85.94 to $86.91.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $86.93 to $87.12.

Key Figures

Shares sold: 800 Class A ordinary shares Sale price range: $84.93–$87.12 per share Indirect holdings after transactions: 12,400 Class A ordinary shares +1 more

4 metrics

Shares sold 800 Class A ordinary shares Non-derivative sales on May 20, 2026 by BVI entity controlled by Wang Yanjun

Sale price range $84.93–$87.12 per share Weighted-average prices of reported Class A ordinary share sales

Indirect holdings after transactions 12,400 Class A ordinary shares Indirectly held via BVI entity post-transaction

Direct holdings after transactions 1,212,442 Class A ordinary shares Directly held by Wang Yanjun after the reported sales

Key Terms

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

4 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.

weighted average price financial

"Represents the weighted average price of shares sold at prices that ranged from $84.93 to $85.92"

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

"Security title is listed as Class A ordinary shares in the non-derivative transactions"

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.

BVI entity regulatory

"A BVI entity controlled by the Reporting Person is identified as holding and selling the shares"

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/21/2026 - 06:05 AM Learn about SEC filing dates

FAQ

What insider transaction did Sea Ltd (SE) report for Wang Yanjun?

Sea Ltd reported that a BVI entity controlled by chief compliance officer and general counsel Wang Yanjun sold 800 Class A ordinary shares on May 20, 2026. These were non-derivative sales executed in open-market or private transactions at weighted-average prices between $84.93 and $87.12 per share.

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

The BVI entity associated with Wang Yanjun sold 800 Class A ordinary shares. The Form 4 notes weighted-average sale prices across three trades, with individual share prices ranging from $84.93 to $87.12, reflecting sales at different levels within that disclosed price range.

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

Yes. A footnote states the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Wang Yanjun on September 4, 2025. The filing also checks the Rule 10b5-1 box, confirming plan-based execution of the reported transactions.

What Sea Ltd (SE) shareholdings remain for Wang Yanjun after this transaction?

Post-transaction, a BVI entity controlled by Wang Yanjun holds 12,400 Class A ordinary shares indirectly. The Form 4 also reports that Wang continues to hold 1,212,442 Class A ordinary shares directly, indicating substantial remaining ownership despite the reported 800-share sale.

How is the ownership of the sold Sea Ltd (SE) shares structured?

The sold shares are reported as held indirectly through a BVI entity. The filing notes that this entity is controlled by Wang Yanjun, meaning the transactions are attributed to the entity’s holdings rather than a direct personal account in his own name.

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^*

Wang Yanjun

(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)
	CCO and GC

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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	05/20/2026		S		164(1)	D	$85.43(2)	13,036	I	By BVI entity
Class A ordinary shares	05/20/2026		S		586(1)	D	$86.54(3)	12,450	I	By BVI entity
Class A ordinary shares	05/20/2026		S		50(1)	D	$86.99(4)	12,400	I	By BVI entity
Class A ordinary shares								1,212,442	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 $84.93 to $85.92. 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 $85.94 to $86.91.

4. Represents the weighted average price of shares sold at prices that ranged from $86.93 to $87.12.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	05/21/2026
	** 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)