Sea CCO sells 2,400 shares under trading plan

Sea Ltd’s Chief Corporate Officer and General Counsel, Wang Yanjun, reported indirect open-market sales totaling 2,400 Class A ordinary shares over July 6–7, 2026.

Rhea-AI Filing Summary

Sea Ltd’s Chief Corporate Officer and General Counsel, Wang Yanjun, reported indirect open-market sales totaling 2,400 Class A ordinary shares over July 6–7, 2026. The trades were executed by a BVI entity controlled by him and made under a Rule 10b5-1 trading plan adopted on March 26, 2026.

The sales were split across several transactions, with weighted average prices in ranges from $102.90 to $106.60 per share. After these trades, the BVI entity held 42,400 Class A shares indirectly, while Wang also reported 1,162,442 Class A shares held directly as of July 6, 2026.

Insights

Equity governance analyst

Pre-planned, modest insider sales via a controlled entity look routine.

The filing shows 2,400 Class A shares of Sea Ltd sold in the open market by a BVI entity controlled by CCO and GC Wang Yanjun. All sales occurred over two days and are coded as standard open-market dispositions.

A key detail is that the trades were executed under a Rule 10b5-1 trading plan adopted on March 26, 2026, indicating they were pre-scheduled rather than opportunistic. After these transactions, Wang’s associated indirect holdings were 42,400 shares, alongside 1,162,442 shares held directly, suggesting the sale represents a small portion of his reported overall exposure.

Insider Trade Summary 10b5-1

Net Seller: 2,400 shares

Net Sell 8 txns

Insider Wang Yanjun

Role CCO and GC

Sold 2,400 shs ($252K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	489	$104.72	$51K
Sale	Class A ordinary shares	656	$105.45	$69K
Sale	Class A ordinary shares	55	$106.30	$6K
Sale	Class A ordinary shares	272	$103.22	$28K
Sale	Class A ordinary shares	316	$104.45	$33K
Sale	Class A ordinary shares	611	$105.43	$64K
Sale	Class A ordinary shares	1	$106.12	$106.12
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 42,400 shares (Indirect, By BVI entity); Class A ordinary shares — 1,162,442 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 March 26, 2026.
2. F2. Represents the weighted average price of shares sold at prices that ranged from $102.90 to $103.85. 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 $103.94 to $104.89.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $104.90 to $105.71.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $104.09 to $105.08.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $105.09 to $105.98.
7. F7. Represents the weighted average price of shares sold at prices that ranged from $106.11 to $106.60.

Key Figures

Shares sold: 2,400 shares Price range: $102.90–$106.60 per share Indirect holdings after trades: 42,400 shares +3 more

6 metrics

Shares sold 2,400 shares Total Class A ordinary shares sold across seven trades

Price range $102.90–$106.60 per share Weighted average sale price ranges from footnotes F2–F7

Indirect holdings after trades 42,400 shares Class A ordinary shares held by controlled BVI entity after sales

Direct holdings 1,162,442 shares Class A ordinary shares held directly as of July 6, 2026

Sell transactions count 7 sales Number of non-derivative open-market sale entries

July 7 high-price trade $106.30 per share One transaction of 55 shares at $106.30 on July 7, 2026

Key Terms

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

5 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.

Class A ordinary shares financial

"security_title: Class A ordinary shares in each non-derivative transaction"

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.

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.

indirect ownership financial

"ownership_type: indirect, nature_of_ownership: By BVI entity"

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 Wang Yanjun?

Sea Ltd reported that CCO and GC Wang Yanjun, through a controlled BVI entity, sold 2,400 Class A ordinary shares in open-market transactions. The sales occurred on July 6–7, 2026 and were disclosed in a Form 4 insider trading report.

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

The reported Sea Ltd sales used weighted average prices within ranges from $102.90 to $106.60 per Class A share. Footnotes state that detailed price-by-lot information is available upon request from the SEC staff, the issuer, or its security holders.

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 March 26, 2026. Such plans are pre-arranged trading programs designed to systematically execute transactions over time.

How many Sea Ltd (SE) shares does Wang Yanjun hold after these transactions?

After the reported trades, the controlled BVI entity held 42,400 Class A shares indirectly. A separate holding entry shows Wang Yanjun with 1,162,442 Class A ordinary shares held directly as of July 6, 2026, indicating a substantial remaining position.

What is the total number of Sea Ltd (SE) shares sold in this Form 4?

The transaction summary shows 2,400 Class A ordinary shares of Sea Ltd were sold across seven open-market transactions. All transactions involved non-derivative equity and are coded as sales, with no option exercises, gifts, or tax-withholding events reported.

How is ownership structured for the Sea Ltd (SE) shares sold in this filing?

The sold Sea Ltd shares are reported as indirectly owned, with the nature of ownership listed as "By BVI entity." Footnotes clarify this BVI entity is controlled by the reporting person, linking the sales economically to CCO and GC Wang Yanjun.

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

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Accepted by SEC EDGAR 07/08/2026 - 06:03 AM EDT 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^*

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)
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)
			Code	V	Amount	(A) or (D)	Price
Class A ordinary shares	07/06/2026		S		272(1)	D	$103.22(2)	44,528	I	By BVI entity
Class A ordinary shares	07/06/2026		S		316(1)	D	$104.45(3)	44,212	I	By BVI entity
Class A ordinary shares	07/06/2026		S		611(1)	D	$105.43(4)	43,601	I	By BVI entity
Class A ordinary shares	07/06/2026		S		1(1)	D	$106.12	43,600	I	By BVI entity
Class A ordinary shares	07/07/2026		S		489(1)	D	$104.72(5)	43,111	I	By BVI entity
Class A ordinary shares	07/07/2026		S		656(1)	D	$105.45(6)	42,455	I	By BVI entity
Class A ordinary shares	07/07/2026		S		55(1)	D	$106.3(7)	42,400	I	By BVI entity
Class A ordinary shares								1,162,442	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 March 26, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $102.90 to $103.85. 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 $103.94 to $104.89.

4. Represents the weighted average price of shares sold at prices that ranged from $104.90 to $105.71.

5. Represents the weighted average price of shares sold at prices that ranged from $104.09 to $105.08.

6. Represents the weighted average price of shares sold at prices that ranged from $105.09 to $105.98.

7. Represents the weighted average price of shares sold at prices that ranged from $106.11 to $106.60.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	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)