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Sea Ltd (NYSE: SE) CPO’s BVI entity sells 1,600 shares under 10b5-1 plan

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Sea Ltd chief product officer of Shopee, Chen Jingye, reported indirect open-market sales of a total of 1,600 Class A ordinary shares over two days in April 2026 through a BVI entity he controls and that follows a Rule 10b5-1 trading plan.

The shares were sold at weighted average prices in ranges between $83.79 and $87.33 per share, leaving 226,400 Class A ordinary shares held indirectly after the last sale and 9,075,774 Class A ordinary shares held directly in a separate position. These sales represent a small portion of his overall disclosed holdings.

Positive

  • None.

Negative

  • None.
Insider Chen Jingye
Role CPO, Shopee
Sold 1,600 shs ($137K)
Type Security Shares Price Value
Sale Class A ordinary shares 150 $84.41 $13K
Sale Class A ordinary shares 204 $85.26 $17K
Sale Class A ordinary shares 383 $86.33 $33K
Sale Class A ordinary shares 63 $87.03 $5K
Sale Class A ordinary shares 482 $85.51 $41K
Sale Class A ordinary shares 318 $86.10 $27K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 227,050 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 $84.78 to $85.77. 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 $85.78 to $86.73. Represents the weighted average price of shares sold at prices that ranged from $83.79 to $84.78. Represents the weighted average price of shares sold at prices that ranged from $84.85 to $85.72. Represents the weighted average price of shares sold at prices that ranged from $85.79 to $86.78. Represents the weighted average price of shares sold at prices that ranged from $86.80 to $87.33.
Total shares sold 1,600 shares Open-market sales across April 10 and April 13, 2026
Price range of sales $83.79–$87.33 per share Weighted average price ranges disclosed in footnotes
Indirect holdings after sales 226,400 shares Class A ordinary shares held indirectly after April 13, 2026
Direct holdings line 9,075,774 shares Class A ordinary shares shown as directly held on April 10, 2026
Number of sale transactions 6 transactions Non-derivative open-market sales reported in this Form 4
Trading plan adoption date August 28, 2025 Date BVI entity adopted Rule 10b5-1 trading plan
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 each reported transaction entry"
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 from..."
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.
open-market sale financial
"transaction_action: "open-market sale" for each non-derivative transaction"
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.
indirect ownership financial
"direct_or_indirect: "I" and nature_of_ownership: "By BVI entity" indicating indirect holdings"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
SINGAPORESINGAPORE138522
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CPO, Shopee
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A ordinary shares04/10/2026S482(1)D$85.51(2)227,518IBy BVI entity
Class A ordinary shares04/10/2026S318(1)D$86.1(3)227,200IBy BVI entity
Class A ordinary shares04/13/2026S150(1)D$84.41(4)227,050IBy BVI entity
Class A ordinary shares04/13/2026S204(1)D$85.26(5)226,846IBy BVI entity
Class A ordinary shares04/13/2026S383(1)D$86.33(6)226,463IBy BVI entity
Class A ordinary shares04/13/2026S63(1)D$87.03(7)226,400IBy BVI entity
Class A ordinary shares9,075,774D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 $84.78 to $85.77. 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 $85.78 to $86.73.
4. Represents the weighted average price of shares sold at prices that ranged from $83.79 to $84.78.
5. Represents the weighted average price of shares sold at prices that ranged from $84.85 to $85.72.
6. Represents the weighted average price of shares sold at prices that ranged from $85.79 to $86.78.
7. Represents the weighted average price of shares sold at prices that ranged from $86.80 to $87.33.
/s/ Mark Tang, attorney-in-fact for Jingye Chen04/14/2026
** Signature of Reporting PersonDate
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 transaction did Chen Jingye report for Sea Ltd (SE)?

Chen Jingye reported indirect open-market sales of 1,600 Class A ordinary shares of Sea Ltd in April 2026. The trades were executed through a BVI entity he controls under a pre-established Rule 10b5-1 trading plan.

Over what dates did the Sea Ltd (SE) insider sales by the BVI entity occur?

The indirect sales of Sea Ltd Class A ordinary shares occurred on April 10, 2026 and April 13, 2026. Multiple small trades were reported across those two days, all categorized as open-market sales.

At what prices were Chen Jingye’s Sea Ltd (SE) shares sold?

The reported Class A ordinary share sales used weighted average prices with ranges between $83.79 and $87.33 per share. Footnotes explain that individual trades occurred at various prices within these disclosed ranges.

How many Sea Ltd (SE) shares did Chen Jingye retain after the reported sales?

After the last reported sale, a BVI entity associated with him held 226,400 Class A ordinary shares indirectly. A separate holding line also shows 9,075,774 Class A ordinary shares held directly, indicating a much larger remaining direct position.

Were the Sea Ltd (SE) insider sales made under a Rule 10b5-1 plan?

Yes. The footnotes state 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, indicating the sales were pre-arranged rather than newly timed decisions.

What is the total number of Sea Ltd (SE) shares sold in these insider transactions?

Across all reported open-market sales, the transactions cover 1,600 Class A ordinary shares. This total comes from several small trades, each reported with its own share amount and weighted average sale price on the transaction dates.