Sea Ltd (NYSE: SE) CCO-linked BVI entity sells 800 shares

Rhea-AI Filing Summary

Sea Ltd Chief Corporate Officer and General Counsel Wang Yanjun reported routine insider activity involving Class A ordinary shares. A BVI entity controlled by Wang sold 800 shares in open-market trades on May 28, 2026 under a Rule 10b5-1 trading plan adopted on September 4, 2025.

Sale prices were weighted averages of about $91.83 and $92.46 per share. Following these transactions, the filing shows Wang holding 1,212,442 shares directly and 8,592 shares indirectly through the BVI entity, indicating the sales were small relative to his overall position.

Insider Trade Summary 10b5-1

Net Seller: 800 shares ($73,585)

Net Sell 3 txns

Insider Wang Yanjun

Role CCO and GC

Sold 800 shs ($74K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	608	$91.83	$56K
Sale	Class A ordinary shares	192	$92.46	$18K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 8,592 shares (Indirect, By BVI entity); Class A ordinary shares — 1,212,442 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 $91.13 to $92.09. 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 $92.16 to $92.93.

Key Figures

Shares sold: 800 shares Sale price 1: $92.46/share Sale price 2: $91.83/share +3 more

6 metrics

Shares sold 800 shares Class A ordinary shares sold in open market on May 28, 2026

Sale price 1 $92.46/share Weighted average price for 192 shares sold

Sale price 2 $91.83/share Weighted average price for 608 shares sold

Direct holdings after 1,212,442 shares Direct Class A ordinary shares held after transactions

Indirect holdings after 8,592 shares Indirect Class A shares held via BVI entity after transactions

Rule 10b5-1 plan date September 4, 2025 Adoption date of BVI entity’s trading plan

Key Terms

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

4 terms

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; non-derivative open-market sale"

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 $91.13 to $92.09."

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.

BVI entity other

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

Form 4 Insider Transactions: What Each Field Means →

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 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)
05/28/2026

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	05/28/2026		S		608(1)	D	$91.83(2)	8,592	I	By BVI entity
Class A ordinary shares	05/28/2026		S		192(1)	D	$92.46(3)	8,400	I	By BVI entity
Class A ordinary shares								1,212,442	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 September 4, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $91.13 to $92.09. 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 $92.16 to $92.93.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	05/29/2026
	** 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)

FAQ

What insider transaction did Sea Ltd (SE) disclose for Wang Yanjun?

Sea Ltd disclosed that a BVI entity controlled by CCO and GC Wang Yanjun sold 800 Class A ordinary shares on May 28, 2026. These were open-market sales under a pre-established Rule 10b5-1 trading plan, indicating a routine, pre-planned disposition.

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

The 800 Sea Ltd Class A ordinary shares were sold at weighted average prices of about $91.83 and $92.46 per share. Footnotes note actual prices ranged from $91.13 to $92.93, and full per-trade details are available on request from the reporting person.

How many Sea Ltd (SE) shares does Wang Yanjun hold after the reported sale?

After the reported transactions, the filing shows Wang Yanjun directly holding 1,212,442 Class A ordinary shares of Sea Ltd. It also shows 8,592 shares held indirectly through a BVI entity he controls, so the 800 shares sold represent a small portion of his overall holdings.

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

Yes. The footnotes state the shares were sold under a Rule 10b5-1 trading plan adopted on September 4, 2025 by a BVI entity controlled by Wang Yanjun. Such plans schedule trades in advance, making the timing more routine and less discretionary.

Who actually sold the Sea Ltd (SE) shares reported for Wang Yanjun?

The 800 Class A ordinary shares were sold by a BVI entity noted as being controlled by Wang Yanjun. The Form 4 classifies these as indirect holdings, meaning the entity executed the trades while Wang is treated as the reporting person for disclosure purposes.