What are Wang Yanjun’s remaining Sea Ltd (SE) share holdings after these sales?

After the reported sales, indirect holdings through the BVI entity were 13,036 Class A ordinary shares , and separate direct holdings stood at 1,212,442 Class A ordinary shares , according to the ownership figures reported in the Form 4.

Sea Ltd (SE) CCO Wang Yanjun logs small Rule 10b5-1 share sales

Q: What insider activity did Sea Ltd (SE) report for Wang Yanjun?

Sea Ltd reported that CCO and GC Wang Yanjun had a BVI entity he controls sell 800 Class A ordinary shares on May 20, 2026, in small open-market transactions under a Rule 10b5-1 trading plan.

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

The BVI entity associated with Wang Yanjun sold 800 Class A ordinary shares in three trades at prices of about $85–$87 per share, with reported transaction prices of $86.99, $86.54, and $85.43.

Q: Were the Sea Ltd (SE) insider sales by Wang Yanjun pre-planned?

Yes. The filing 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, indicating the sales were pre-arranged rather than timed discretionarily.

Q: How large are the reported Sea Ltd (SE) insider sales relative to Wang Yanjun’s position?

The BVI entity sold 800 shares , while Wang Yanjun’s reported holdings include 1,212,442 shares held directly and 13,036 shares held indirectly. This indicates the disclosed sales are small compared with the total reported holdings.

Q: What type of security did Sea Ltd (SE) insider transactions involve?

All reported insider transactions involved Class A ordinary shares of Sea Ltd. The Form 4 lists these as non-derivative securities, indicating they are regular equity shares rather than options, warrants, or other derivative instruments.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd CCO and GC Wang Yanjun reported small open-market sales of Class A ordinary shares through a BVI entity he controls. The BVI entity sold a total of 800 shares on May 20, 2026 in three transactions at prices around the mid‑$80s per share, under a pre‑arranged Rule 10b5-1 trading plan.

After these sales, indirect holdings through the BVI entity were 13,036 shares, while direct holdings remained significant at 1,212,442 shares of Class A ordinary shares.

Insider Trade Summary 10b5-1

Net Seller: 800 shares ($69,072)

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 — 13,036 shares (Indirect, By BVI entity); Class A ordinary shares — 1,212,442 shares (Direct, null)

Footnotes (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. 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. Represents the weighted average price of shares sold at prices that ranged from $85.94 to $86.91. Represents the weighted average price of shares sold at prices that ranged from $86.93 to $87.12.

Key Figures

Shares sold: 800 shares Sale price 1: $86.99/share Sale price 2: $86.54/share +4 more

7 metrics

Shares sold 800 shares Total Class A ordinary shares sold on May 20, 2026

Sale price 1 $86.99/share Open-market sale price for 50 shares

Sale price 2 $86.54/share Open-market sale price for 586 shares

Sale price 3 $85.43/share Open-market sale price for 164 shares

Direct holdings after 1,212,442 shares Direct Class A ordinary shares following transactions

Indirect holdings after 13,036 shares Indirect Class A ordinary shares via BVI entity after sales

Net shares sold 800 shares Net buy/sell shares in this Form 4 (net-sell)

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 for all reported 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.

open-market sale financial

"transaction_action: open-market sale for the three S-coded transactions"

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 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.

indirect ownership financial

"direct_or_indirect: I, nature_of_ownership: By BVI entity"

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 06:05 AM

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^*

Wang Yanjun

(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)

	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)
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	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)
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 $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)

Source: View Original Filing on SEC EDGAR

FAQ

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

Sea Ltd reported that CCO and GC Wang Yanjun had a BVI entity he controls sell 800 Class A ordinary shares on May 20, 2026, in small open-market transactions under a Rule 10b5-1 trading plan.

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

The BVI entity associated with Wang Yanjun sold 800 Class A ordinary shares in three trades at prices of about $85–$87 per share, with reported transaction prices of $86.99, $86.54, and $85.43.

Were the Sea Ltd (SE) insider sales by Wang Yanjun pre-planned?

Yes. The filing 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, indicating the sales were pre-arranged rather than timed discretionarily.

How large are the reported Sea Ltd (SE) insider sales relative to Wang Yanjun’s position?

The BVI entity sold 800 shares, while Wang Yanjun’s reported holdings include 1,212,442 shares held directly and 13,036 shares held indirectly. This indicates the disclosed sales are small compared with the total reported holdings.

What type of security did Sea Ltd (SE) insider transactions involve?

All reported insider transactions involved Class A ordinary shares of Sea Ltd. The Form 4 lists these as non-derivative securities, indicating they are regular equity shares rather than options, warrants, or other derivative instruments.