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[Form 4] Sea Ltd Insider Trading Activity

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Sea Ltd COO Ye Gang, through a BVI entity, executed open-market sales of 20,000 Class A ordinary shares of Sea Ltd over May 6–7, 2026. The trades were carried out under a Rule 10b5-1 trading plan adopted by the BVI entity.

Sale prices ranged from the mid-$80s to the low-$90s, including transactions at $86.77, $87.84, $88.66, $89.43, $89.57, $90.30 and $91.51 per share. After these sales, the BVI entity held 350,000 shares indirectly, while Ye Gang also held 22,206,405 shares directly.

Positive

  • None.

Negative

  • None.
Insider Ye Gang
Role COO
Sold 20,000 shs ($1.78M)
Type Security Shares Price Value
Sale Class A ordinary shares 5,300 $89.43 $474K
Sale Class A ordinary shares 4,200 $90.30 $379K
Sale Class A ordinary shares 500 $91.51 $46K
Sale Class A ordinary shares 1,504 $86.77 $131K
Sale Class A ordinary shares 1,556 $87.84 $137K
Sale Class A ordinary shares 5,411 $88.66 $480K
Sale Class A ordinary shares 1,529 $89.57 $137K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 354,700 shares (Indirect, By BVI entity); Class A ordinary shares — 22,206,405 shares (Direct, null)
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 September 4, 2025. Represents the weighted average price of shares sold at prices that ranged from $86.20 to $87.19. 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 $87.20 to $88.19. Represents the weighted average price of shares sold at prices that ranged from $88.22 to $89.19. Represents the weighted average price of shares sold at prices that ranged from $89.20 to $89.87. Represents the weighted average price of shares sold at prices that ranged from $88.96 to $89.93. Represents the weighted average price of shares sold at prices that ranged from $89.97 to $90.90. Represents the weighted average price of shares sold at prices that ranged from $91.29 to $91.75.
Shares sold 20,000 Class A shares Open-market sales on May 6–7, 2026
Price per share example $86.77 per share Sale of 1,504 shares on May 6, 2026
Price per share example $88.66 per share Sale of 5,411 shares on May 6, 2026
Price per share example $91.51 per share Sale of 500 shares on May 7, 2026
Indirect holdings after sales 350,000 Class A shares Held by BVI entity following May 7, 2026 trades
Direct holdings 22,206,405 Class A shares Direct ownership as of May 6, 2026
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 $86.20 to $87.19."
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": "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.
open-market sale financial
"transaction_action": "open-market sale""
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", "nature_of_ownership": "By BVI entity""
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*
Ye Gang
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026		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 shares05/06/2026S1,504(1)D$86.77(2)368,496IBy BVI entity
Class A ordinary shares05/06/2026S1,556(1)D$87.84(3)366,940IBy BVI entity
Class A ordinary shares05/06/2026S5,411(1)D$88.66(4)361,529IBy BVI entity
Class A ordinary shares05/06/2026S1,529(1)D$89.57(5)360,000IBy BVI entity
Class A ordinary shares05/07/2026S5,300(1)D$89.43(6)354,700IBy BVI entity
Class A ordinary shares05/07/2026S4,200(1)D$90.3(7)350,500IBy BVI entity
Class A ordinary shares05/07/2026S500(1)D$91.51(8)350,000IBy BVI entity
Class A ordinary shares22,206,405D
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 September 4, 2025.
2. Represents the weighted average price of shares sold at prices that ranged from $86.20 to $87.19. 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 $87.20 to $88.19.
4. Represents the weighted average price of shares sold at prices that ranged from $88.22 to $89.19.
5. Represents the weighted average price of shares sold at prices that ranged from $89.20 to $89.87.
6. Represents the weighted average price of shares sold at prices that ranged from $88.96 to $89.93.
7. Represents the weighted average price of shares sold at prices that ranged from $89.97 to $90.90.
8. Represents the weighted average price of shares sold at prices that ranged from $91.29 to $91.75.
/s/ Mark Tang, attorney-in-fact for Gang Ye05/08/2026
** 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