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Sea Ltd (NYSE: SE) COO Ye Gang sells 40,000 shares in 10b5-1 plan

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

Rhea-AI Filing Summary

Sea Ltd director and COO Ye Gang, through a BVI entity he controls, sold 40,000 Class A ordinary shares on July 30–31, 2026 in open-market transactions under a Rule 10b5-1 trading plan adopted on September 4, 2025, at weighted-average prices between $104.03 and $107.59. After these transactions, he directly held 21,636,405 Class A ordinary shares.

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Insider Ye Gang
Role COO
Sold 40,000 shs ($4.24M)
Type Security Shares Price Value
Sale Class A ordinary shares F1, F5 3,139 $105.94 $333K
Sale Class A ordinary shares F1, F6 15,932 $106.88 $1.70M
Sale Class A ordinary shares F1, F7 929 $107.39 $100K
Sale Class A ordinary shares F1, F2 3,800 $104.53 $397K
Sale Class A ordinary shares F1, F3 15,200 $105.66 $1.61M
Sale Class A ordinary shares F1, F4 1,000 $106.12 $106K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 120,000 shares (Indirect, By BVI entity); Class A ordinary shares — 21,636,405 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 September 4, 2025.
  2. F2. Represents the weighted average price of shares sold at prices that ranged from $104.03 to $104.98. 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 $105.17 to $106.01.
  4. F4. Represents the weighted average price of shares sold at prices that ranged from $106.03 to $106.24.
  5. F5. Represents the weighted average price of shares sold at prices that ranged from $105.35 to $106.33.
  6. F6. Represents the weighted average price of shares sold at prices that ranged from $106.35 to $107.34.
  7. F7. Represents the weighted average price of shares sold at prices that ranged from $107.35 to $107.59.
Shares sold 40,000 Class A ordinary shares Non-derivative sales on July 30–31, 2026 by a BVI entity controlled by Ye Gang
Price range for sales $104.03–$107.59 Weighted-average sale price ranges referenced in footnotes F2–F7
Direct holdings after transactions 21,636,405 Class A ordinary shares Directly held by Ye Gang as of July 30, 2026 after reported sales
Largest single sale tranche 15,932 shares at $106.88 Indirect sale on July 31, 2026 with prices ranging from $106.35 to $107.34
Rule 10b5-1 plan adoption date September 4, 2025 Date BVI entity controlled by Ye Gang adopted the trading plan used for these sales
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 $104.03 to $104.98."
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 for all reported non-derivative transactions is 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.
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."

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

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FAQ

What insider share transactions did Sea Ltd (SE) report for Ye Gang?
Ye Gang, Sea Ltd’s director and COO, caused a BVI entity he controls to sell 40,000 Class A ordinary shares on July 30–31, 2026 in open-market trades, as reflected in the Form 4 filing’s non-derivative transaction entries.

At what prices were Ye Gang’s Sea Ltd (SE) shares sold?
The sales occurred at weighted-average prices with ranges from $104.03 to $107.59. Individual tranches had reported averages such as $104.53, $105.66, $106.12, $105.94, $106.88, and $107.39, each tied to specific price ranges in the Form 4 footnotes.

How many Sea Ltd (SE) shares does Ye Gang hold after these transactions?
Following the reported trades, Ye Gang directly held 21,636,405 Class A ordinary shares of Sea Ltd as of July 30, 2026. This direct holding is reported separately from the indirectly held shares sold through the BVI entity described in the filing.

Were Ye Gang’s Sea Ltd (SE) share sales made under a Rule 10b5-1 plan?
Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted on September 4, 2025 by a BVI entity controlled by Ye Gang. The document-level Rule 10b5-1 checkbox is also marked as affirmed for these transactions.

Were Ye Gang’s Sea Ltd (SE) sales from direct or indirect holdings?
All reported sales were from indirect holdings described as “By BVI entity,” which is controlled by Ye Gang. Separately, the Form 4 shows 21,636,405 Class A ordinary shares held directly by him after the transactions on July 30, 2026.

What net share change did Sea Ltd (SE) report for Ye Gang in this Form 4?
The transaction summary shows a net-sell position of 40,000 shares, all from non-derivative Class A ordinary share sales. There were no reported purchases, derivative exercises, gifts, or restructuring-related equity movements in this particular filing.
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)
SINGAPORE138522
(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)
07/30/2026		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 shares07/30/2026S3,800(1)D$104.53(2)156,200IBy BVI entity
Class A ordinary shares07/30/2026S15,200(1)D$105.66(3)141,000IBy BVI entity
Class A ordinary shares07/30/2026S1,000(1)D$106.12(4)140,000IBy BVI entity
Class A ordinary shares07/31/2026S3,139(1)D$105.94(5)136,861IBy BVI entity
Class A ordinary shares07/31/2026S15,932(1)D$106.88(6)120,929IBy BVI entity
Class A ordinary shares07/31/2026S929(1)D$107.39(7)120,000IBy BVI entity
Class A ordinary shares21,636,405D
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 $104.03 to $104.98. 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 $105.17 to $106.01.
4. Represents the weighted average price of shares sold at prices that ranged from $106.03 to $106.24.
5. Represents the weighted average price of shares sold at prices that ranged from $105.35 to $106.33.
6. Represents the weighted average price of shares sold at prices that ranged from $106.35 to $107.34.
7. Represents the weighted average price of shares sold at prices that ranged from $107.35 to $107.59.
/s/ Mark Tang, attorney-in-fact for Gang Ye08/03/2026
** 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