Sea CPO Chen Jingye sells 60K shares under plan

Sea Ltd’s Shopee CPO disclosed 60,000 pre-planned indirect share sales at around $108–$111 while retaining a direct holding of nearly 9 million Class A shares.

Rhea-AI Filing Summary

Sea Ltd (SE) reported that Chen Jingye, Chief Product Officer of Shopee, indirectly sold a total of 60,000 Class A ordinary shares on September 9–10, 2026 through a BVI entity controlled by him, pursuant to a Rule 10b5-1 trading plan adopted on June 10, 2026. Sale prices were reported as weighted average prices around $108–$111 per share over specified price ranges. After these transactions, Chen Jingye held 8,976,574 Class A ordinary shares directly.

Insider Trade Summary 10b5-1

Net Seller: 60,000 shares

Net Sell 7 txns

Insider Chen Jingye

Role CPO, Shopee

Sold 60,000 shs ($6.51M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1, F6	22,394	$107.90	$2.42M
Sale	Class A ordinary shares F1, F7	7,606	$108.50	$825K
Sale	Class A ordinary shares F1, F2	18,299	$108.41	$1.98M
Sale	Class A ordinary shares F1, F3	9,001	$109.23	$983K
Sale	Class A ordinary shares F1, F4	2,000	$110.59	$221K
Sale	Class A ordinary shares F1, F5	700	$111.42	$78K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 240,000 shares (Indirect, By BVI entity); Class A ordinary shares — 8,976,574 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 June 10, 2026.
2. F2. Represents the weighted average price of shares sold at prices that ranged from $107.86 to $108.85. 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 $108.87 to $109.70.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $110.11 to $110.78.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $110.99 to $111.83.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $107.31 to $108.30.
7. F7. Represents the weighted average price of shares sold at prices that ranged from $108.31 to $108.75.

Key Figures

Total shares sold: 60,000 shares Representative weighted average sale price: $108.41 per share Highest reported price range upper bound: $111.83 per share +2 more

5 metrics

Total shares sold 60,000 shares Indirect sales of Class A ordinary shares on September 9–10, 2026

Representative weighted average sale price $108.41 per share Weighted average price for a sale block with prices ranging from $107.86 to $108.85

Highest reported price range upper bound $111.83 per share Upper end of the price range for one sale block on September 9, 2026

Shares held directly after transactions 8,976,574 shares Direct Class A ordinary share holdings reported as of September 9, 2026

Rule 10b5-1 plan adoption date June 10, 2026 Date a BVI entity controlled by Chen Jingye adopted the trading plan used for these sales

Key Terms

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

3 terms

Rule 10b5-1 trading plan regulatory

"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on June 10, 2026."

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 $107.86 to $108.85."

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

"The security involved in each reported transaction is described as 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.

FAQ

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

What insider transactions did Sea Ltd (SE) report for Chen Jingye?

Sea Ltd reported that Chen Jingye, Shopee’s CPO, indirectly sold 60,000 Class A ordinary shares on September 9–10, 2026 through a BVI entity he controls, under a Rule 10b5-1 trading plan adopted on June 10, 2026.

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

The reported sales used weighted average prices around $108–$111 per share. Footnotes state price ranges for different sale blocks, including ranges such as $107.31 to $108.30 and $110.99 to $111.83, with full breakdowns available on request.

Were Chen Jingye’s Sea Ltd (SE) share sales made under a Rule 10b5-1 plan?

Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on June 10, 2026 by a BVI entity controlled by Chen Jingye, indicating the trades were pre-arranged under that plan.

How many Sea Ltd (SE) shares does Chen Jingye hold after these transactions?

After the reported September 9, 2026 transactions, Chen Jingye held 8,976,574 Class A ordinary shares directly. The filing does not specify the remaining indirect holdings of the BVI entity for this Form 4 entry.

Were the Sea Ltd (SE) insider sales by Chen Jingye direct or indirect holdings?

All 60,000 shares sold were reported as indirectly owned, held “By BVI entity” controlled by Chen Jingye. A separate line reports his 8,976,574 Class A ordinary shares as directly owned after the September 9, 2026 transactions.

Over how many days did Chen Jingye’s reported Sea Ltd (SE) sales occur?

The reported insider sales occurred over two days: September 9, 2026 and September 10, 2026, with multiple sale blocks each day at different weighted average prices within specified trading ranges.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/11/2026 - 06:15 AM Accepted by SEC EDGAR 09/11/2026 - 06:15 AM 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^*

Chen Jingye

(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)
	CPO, Shopee

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2026

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	09/09/2026		S		18,299(1)	D	$108.41(2)	281,701	I	By BVI entity
Class A ordinary shares	09/09/2026		S		9,001(1)	D	$109.23(3)	272,700	I	By BVI entity
Class A ordinary shares	09/09/2026		S		2,000(1)	D	$110.59(4)	270,700	I	By BVI entity
Class A ordinary shares	09/09/2026		S		700(1)	D	$111.42(5)	270,000	I	By BVI entity
Class A ordinary shares	09/10/2026		S		22,394(1)	D	$107.9(6)	247,606	I	By BVI entity
Class A ordinary shares	09/10/2026		S		7,606(1)	D	$108.5(7)	240,000	I	By BVI entity
Class A ordinary shares								8,976,574	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 June 10, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $107.86 to $108.85. 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 $108.87 to $109.70.

4. Represents the weighted average price of shares sold at prices that ranged from $110.11 to $110.78.

5. Represents the weighted average price of shares sold at prices that ranged from $110.99 to $111.83.

6. Represents the weighted average price of shares sold at prices that ranged from $107.31 to $108.30.

7. Represents the weighted average price of shares sold at prices that ranged from $108.31 to $108.75.

	/s/ Mark Tang, attorney-in-fact for Jingye Chen	09/11/2026
	** 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)