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Sea Ltd (NYSE: SE) COO trades 40,000 shares via 10b5-1 plan

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

Rhea-AI Filing Summary

Sea Ltd COO Ye Gang reported indirect sales of 40,000 Class A ordinary shares of SE on July 28-29, 2026 through a BVI entity he controls, under a Rule 10b5-1 trading plan adopted on September 4, 2025. The shares were sold in multiple tranches at weighted-average prices ranging from $103.52 to $109.53 per share. He also reports direct ownership of 21,636,405 Class A shares.

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Insider Ye Gang
Role COO
Sold 40,000 shs ($4.26M)
Type Security Shares Price Value
Sale Class A ordinary shares F1, F6 9,510 $107.66 $1.02M
Sale Class A ordinary shares F1, F7 5,470 $108.69 $595K
Sale Class A ordinary shares F1, F8 5,020 $109.53 $550K
Sale Class A ordinary shares F1, F2 4,350 $103.52 $450K
Sale Class A ordinary shares F1, F3 6,928 $104.38 $723K
Sale Class A ordinary shares F1, F4 5,539 $105.35 $584K
Sale Class A ordinary shares F1, F5 3,183 $106.27 $338K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 160,000 shares (Indirect, By BVI entity); Class A ordinary shares — 21,636,405 shares (Direct)
Footnotes (8)
  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 $102.85 to $103.849. 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 $103.85 to $104.84.
  4. F4. Represents the weighted average price of shares sold at prices that ranged from $104.85 to $105.85.
  5. F5. Represents the weighted average price of shares sold at prices that ranged from $105.86 to $106.67.
  6. F6. Represents the weighted average price of shares sold at prices that ranged from $107.19 to $108.18.
  7. F7. Represents the weighted average price of shares sold at prices that ranged from $108.19 to $109.18.
  8. F8. Represents the weighted average price of shares sold at prices that ranged from $109.19 to $109.99.
Shares sold 40,000 Class A ordinary shares Aggregate shares sold indirectly by BVI entity on July 28-29, 2026
Sale price range (weighted averages) $103.52–$109.53 per share Weighted-average prices for reported sale tranches
Direct holdings 21,636,405 Class A ordinary shares Directly owned shares reported as of July 28, 2026
10b5-1 plan adoption date September 4, 2025 Adoption date of trading plan used for these sales
Number of sale transactions 7 Non-derivative sale entries reported in this Form 4
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 for all reported transactions"
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 technical
"a BVI entity controlled by the Reporting Person executed the trades"

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

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FAQ

What insider transaction did Sea Ltd (SE) report for COO Ye Gang?
Sea Ltd reported that COO Ye Gang indirectly sold 40,000 Class A ordinary shares. The sales occurred on July 28-29, 2026 and were executed through a BVI entity he controls, according to a pre-established Rule 10b5-1 trading plan.

At what prices were Ye Gang's Sea Ltd (SE) shares sold?
The reported weighted-average sale prices ranged from $103.52 to $109.53 per share. Footnotes state each tranche price is a weighted average of multiple trades, with individual trade prices falling within specified ranges disclosed for each transaction.

Were Ye Gang's Sea Ltd (SE) share sales made under a Rule 10b5-1 plan?
Yes. All reported sales were made under a Rule 10b5-1 trading plan. A footnote explains the plan was adopted on September 4, 2025 by a BVI entity controlled by Ye Gang, and the Form 4 affirms Rule 10b5-1 plan status.

How many Sea Ltd (SE) shares does Ye Gang still hold directly?
Ye Gang reports direct ownership of 21,636,405 Class A ordinary shares. This direct holding is listed separately from the indirectly held shares sold by the BVI entity and reflects his reported position as of July 28, 2026.

Were the Sea Ltd (SE) insider sales from Ye Gang's direct or indirect holdings?
The 40,000 shares sold were from indirect holdings via a BVI entity. Each sale entry is marked as indirect ownership "By BVI entity," while a separate holding line shows Ye Gang’s substantial direct ownership of 21,636,405 Class A shares.
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)
07/28/2026		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 shares07/28/2026S4,350(1)D$103.52(2)195,650IBy BVI entity
Class A ordinary shares07/28/2026S6,928(1)D$104.38(3)188,722IBy BVI entity
Class A ordinary shares07/28/2026S5,539(1)D$105.35(4)183,183IBy BVI entity
Class A ordinary shares07/28/2026S3,183(1)D$106.27(5)180,000IBy BVI entity
Class A ordinary shares07/29/2026S9,510(1)D$107.66(6)170,490IBy BVI entity
Class A ordinary shares07/29/2026S5,470(1)D$108.69(7)165,020IBy BVI entity
Class A ordinary shares07/29/2026S5,020(1)D$109.53(8)160,000IBy 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 $102.85 to $103.849. 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 $103.85 to $104.84.
4. Represents the weighted average price of shares sold at prices that ranged from $104.85 to $105.85.
5. Represents the weighted average price of shares sold at prices that ranged from $105.86 to $106.67.
6. Represents the weighted average price of shares sold at prices that ranged from $107.19 to $108.18.
7. Represents the weighted average price of shares sold at prices that ranged from $108.19 to $109.18.
8. Represents the weighted average price of shares sold at prices that ranged from $109.19 to $109.99.
/s/ Mark Tang, attorney-in-fact for Gang Ye07/30/2026
** 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