What insider share sales did Sea Ltd (SE) COO Ye Gang report?

Ye Gang reported open-market sales of 40,000 Class A ordinary shares executed through a controlled BVI entity. The trades occurred on July 10 and July 13, 2026, at prices within a disclosed range slightly above $110 per share.

Were Ye Gang’s Sea Ltd (SE) share sales made under a trading plan?

Yes. The shares were sold under a Rule 10b5-1 trading plan adopted on September 4, 2025 by a BVI entity controlled by Ye Gang, indicating the transactions were pre-arranged rather than discretionary market-timing decisions.

Sea COO Ye Gang sells 40,000 shares in plan

Q: At what prices were the Sea Ltd (SE) shares sold by the BVI entity controlled by Ye Gang?

The reported sales were executed at weighted average prices within ranges that span from about $110.62 to $115.37 per Class A ordinary share. Footnotes specify narrower price bands for each sale tranche reflected in the Form 4 data.

Q: How many Sea Ltd (SE) shares does Ye Gang hold directly after these transactions?

Following the reported activity, Ye Gang holds 21,636,405 Class A ordinary shares directly. The Form 4 also shows additional indirect holdings through a BVI entity, separate from this large direct position in Sea Ltd.

Q: Are the Sea Ltd (SE) shares in this Form 4 held directly by Ye Gang or through an entity?

The 40,000 shares sold were held and sold indirectly by a BVI entity controlled by Ye Gang. A separate line item shows his substantial direct ownership of 21,636,405 Class A ordinary shares in Sea Ltd.

Q: How many individual sale transactions did the Sea Ltd (SE) Form 4 report for Ye Gang?

The filing reflects nine separate open-market sale transactions of Class A ordinary shares, plus one line item showing direct holdings. Together, these sale entries sum to 40,000 shares disposed of by the BVI entity associated with Ye Gang.

Sea Ltd COO Ye Gang, through a BVI entity he controls, carried out open-market sales totaling 40,000 Class A ordinary shares on July 10 and July 13, 2026, at prices generally between $110.62 and $115.37 per share under a Rule 10b5-1 trading plan.

Filing Impact

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Sea Ltd COO Ye Gang, through a BVI entity he controls, carried out open-market sales totaling 40,000 Class A ordinary shares on July 10 and July 13, 2026, at prices generally between $110.62 and $115.37 per share under a Rule 10b5-1 trading plan.

After these transactions, he continues to hold 21,636,405 Class A ordinary shares directly, along with additional shares held indirectly through the BVI entity.

Insights

Analyzing...

Insider Trade Summary 10b5-1

Net Seller: 40,000 shares

Net Sell 10 txns

Insider Ye Gang

Role COO

Sold 40,000 shs ($4.53M)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares ^{F1, F6}	4,074	$111.22	$453K
Sale	Class A ordinary shares ^{F1, F7}	7,850	$111.95	$879K
Sale	Class A ordinary shares ^{F1, F8}	3,439	$113.12	$389K
Sale	Class A ordinary shares ^{F1, F9}	1,593	$114.18	$182K
Sale	Class A ordinary shares ^{F1, F10}	3,044	$114.87	$350K
Sale	Class A ordinary shares ^{F1, F2}	1,519	$112.02	$170K
Sale	Class A ordinary shares ^{F1, F3}	3,118	$113.05	$352K
Sale	Class A ordinary shares ^{F1, F4}	8,941	$114.03	$1.02M
Sale	Class A ordinary shares ^{F1, F5}	6,422	$114.71	$737K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 400,000 shares (Indirect, By BVI entity); Class A ordinary shares — 21,636,405 shares (Direct)

Footnotes (10)

F1. 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.
F2. Represents the weighted average price of shares sold at prices that ranged from $111.44 to $112.41. 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.
F3. Represents the weighted average price of shares sold at prices that ranged from $112.44 to $113.439.
F4. Represents the weighted average price of shares sold at prices that ranged from $113.44 to $114.43.
F5. Represents the weighted average price of shares sold at prices that ranged from $114.44 to $115.35.
F6. Represents the weighted average price of shares sold at prices that ranged from $110.62 to $111.615.
F7. Represents the weighted average price of shares sold at prices that ranged from $111.62 to $112.61.
F8. Represents the weighted average price of shares sold at prices that ranged from $112.62 to $113.56.
F9. Represents the weighted average price of shares sold at prices that ranged from $113.63 to $114.60.
F10. Represents the weighted average price of shares sold at prices that ranged from $114.63 to $115.37.

Key Figures

Shares sold: 40,000 Class A ordinary shares Price range: $110.62 to $115.37 per share Number of sale transactions: 9 +2 more

5 metrics

Shares sold 40,000 Class A ordinary shares Total open-market sales reported on July 10 and July 13, 2026

Price range $110.62 to $115.37 per share Overall range of weighted average sale prices across reported tranches

Number of sale transactions 9 Count of individual open-market sale entries in the Form 4

Direct holdings after transactions 21,636,405 Class A ordinary shares Direct ownership position shown as of July 10, 2026

Trading plan adoption date September 4, 2025 Date BVI entity’s Rule 10b5-1 trading plan was adopted

Key Terms

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

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.

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.

indirect ownership financial

"ownership_type: indirect, nature_of_ownership: By BVI entity"

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.

FAQ

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

At what prices were the Sea Ltd (SE) shares sold by the BVI entity controlled by Ye Gang?

The reported sales were executed at weighted average prices within ranges that span from about $110.62 to $115.37 per Class A ordinary share. Footnotes specify narrower price bands for each sale tranche reflected in the Form 4 data.

How many Sea Ltd (SE) shares does Ye Gang hold directly after these transactions?

Following the reported activity, Ye Gang holds 21,636,405 Class A ordinary shares directly. The Form 4 also shows additional indirect holdings through a BVI entity, separate from this large direct position in Sea Ltd.

Are the Sea Ltd (SE) shares in this Form 4 held directly by Ye Gang or through an entity?

The 40,000 shares sold were held and sold indirectly by a BVI entity controlled by Ye Gang. A separate line item shows his substantial direct ownership of 21,636,405 Class A ordinary shares in Sea Ltd.

How many individual sale transactions did the Sea Ltd (SE) Form 4 report for Ye Gang?

The filing reflects nine separate open-market sale transactions of Class A ordinary shares, plus one line item showing direct holdings. Together, these sale entries sum to 40,000 shares disposed of by the BVI entity associated with Ye Gang.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 07/14/2026 - 06:01 AM EDT

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^*

Ye Gang

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026

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	07/10/2026		S		1,519⁽¹⁾	D	$112.02⁽²⁾	438,481	I	By BVI entity
Class A ordinary shares	07/10/2026		S		3,118⁽¹⁾	D	$113.05⁽³⁾	435,363	I	By BVI entity
Class A ordinary shares	07/10/2026		S		8,941⁽¹⁾	D	$114.03⁽⁴⁾	426,422	I	By BVI entity
Class A ordinary shares	07/10/2026		S		6,422⁽¹⁾	D	$114.71⁽⁵⁾	420,000	I	By BVI entity
Class A ordinary shares	07/13/2026		S		4,074⁽¹⁾	D	$111.22⁽⁶⁾	415,926	I	By BVI entity
Class A ordinary shares	07/13/2026		S		7,850⁽¹⁾	D	$111.95⁽⁷⁾	408,076	I	By BVI entity
Class A ordinary shares	07/13/2026		S		3,439⁽¹⁾	D	$113.12⁽⁸⁾	404,637	I	By BVI entity
Class A ordinary shares	07/13/2026		S		1,593⁽¹⁾	D	$114.18⁽⁹⁾	403,044	I	By BVI entity
Class A ordinary shares	07/13/2026		S		3,044⁽¹⁾	D	$114.87⁽¹⁰⁾	400,000	I	By BVI entity
Class A ordinary shares								21,636,405	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 $111.44 to $112.41. 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 $112.44 to $113.439.

4. Represents the weighted average price of shares sold at prices that ranged from $113.44 to $114.43.

5. Represents the weighted average price of shares sold at prices that ranged from $114.44 to $115.35.

6. Represents the weighted average price of shares sold at prices that ranged from $110.62 to $111.615.

7. Represents the weighted average price of shares sold at prices that ranged from $111.62 to $112.61.

8. Represents the weighted average price of shares sold at prices that ranged from $112.62 to $113.56.

9. Represents the weighted average price of shares sold at prices that ranged from $113.63 to $114.60.

10. Represents the weighted average price of shares sold at prices that ranged from $114.63 to $115.37.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	07/14/2026
	** 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