Sea Ltd CCO Wang sells 2,400 shares under plan

Sea Ltd’s CCO and GC reported pre-planned sales of 2,400 Class A shares through a controlled BVI entity while retaining over one million shares directly.

Rhea-AI Filing Summary

Sea Ltd (SE) reported that Wang Yanjun, its CCO and GC, had a BVI entity he controls sell a total of 2,400 Class A ordinary shares on September 17–18, 2026 in multiple open-market or private transactions under a Rule 10b5-1 trading plan. The reported weighted average sale prices ranged from about $99.58 to $104.76 per share across the tranches. Separately, Wang held 1,033,642 Class A ordinary shares directly as of September 17, 2026.

Insider Trade Summary 10b5-1

Net Seller: 2,400 shares

Net Sell 8 txns

Insider Wang Yanjun

Role CCO and GC

Sold 2,400 shs ($243K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1, F5	332	$100.29	$33K
Sale	Class A ordinary shares F1, F6	162	$101.10	$16K
Sale	Class A ordinary shares F1, F7	706	$101.88	$72K
Sale	Class A ordinary shares F1, F2	767	$101.20	$78K
Sale	Class A ordinary shares F1, F3	379	$101.95	$39K
Sale	Class A ordinary shares F1, F4	30	$102.81	$3K
Sale	Class A ordinary shares F1	24	$104.76	$3K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 98,780 shares (Indirect, By BVI entity); Class A ordinary shares — 1,033,642 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 March 26, 2026.
2. F2. Represents the weighted average price of shares sold at prices that ranged from $100.63 to $101.62. 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 $101.63 to $102.62.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $102.64 to $102.91.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $99.58 to $100.55.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $100.60 to $101.57.
7. F7. Represents the weighted average price of shares sold at prices that ranged from $101.58 to $102.50.

Key Figures

Total shares sold: 2,400 Class A ordinary shares Sale prices (weighted average): $100.29, $101.10, $101.88, $101.20, $101.95, $102.81, $104.76 per share Underlying price ranges: $99.58–$102.91 per share +3 more

6 metrics

Total shares sold 2,400 Class A ordinary shares Indirectly held shares sold by a BVI entity on September 17–18, 2026

Sale prices (weighted average) $100.29, $101.10, $101.88, $101.20, $101.95, $102.81, $104.76 per share Seven tranches of Class A share sales on September 17–18, 2026

Underlying price ranges $99.58–$102.91 per share Price ranges for weighted average sales described in the footnotes

Direct holdings after transactions 1,033,642 Class A ordinary shares Shares held directly by Wang Yanjun as of September 17, 2026

Rule 10b5-1 plan adoption date March 26, 2026 Date BVI entity’s trading plan controlled by Wang Yanjun was adopted

Individual tranche sizes 332, 162, 706, 767, 379, 30, 24 shares Share amounts in each of the seven reported sale transactions

Key Terms

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

weighted average price financial

"Represents the weighted average price of shares sold at prices that ranged from"

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

"Class A ordinary shares, transaction date 2026-09-18, transaction type non-derivative"

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 financial

"adopted by a BVI entity controlled by the Reporting Person on March 26, 2026"

FAQ

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

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

Sea Ltd disclosed that Wang Yanjun, its CCO and GC, had a BVI entity he controls sell 2,400 Class A ordinary shares on September 17–18, 2026 in multiple open-market or private transactions.

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

The reported weighted average sale prices per share were $100.29, $101.10, $101.88, $101.20, $101.95, $102.81, and $104.76, with underlying trade price ranges from about $99.58 to $102.91 and from $100.63 to $102.62 as described in the footnotes.

How many Sea Ltd (SE) shares did Wang Yanjun hold directly after these transactions?

After the reported transactions, Wang Yanjun held 1,033,642 Class A ordinary shares of Sea Ltd directly as of September 17, 2026.

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

Yes. A footnote states that the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Wang Yanjun on March 26, 2026, and the filing affirms use of such a plan.

Were the Sea Ltd (SE) shares sold directly by Wang Yanjun or through another entity?

The sales of 2,400 shares were reported as indirectly owned, with the nature of ownership described as "By BVI entity" controlled by Wang Yanjun. His 1,033,642 shares reported as of September 17, 2026 are held directly.

How many sale transactions are reported in this Sea Ltd (SE) Form 4?

The Form 4 reports seven separate sale transactions of Class A ordinary shares on September 17 and 18, 2026, plus one line showing 1,033,642 Class A ordinary shares held directly as of September 17, 2026.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/21/2026 - 08:09 AM Accepted by SEC EDGAR 09/21/2026 - 08:08 AM Learn about SEC filing dates

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 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)
09/17/2026

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	09/17/2026		S		767(1)	D	$101.2(2)	1,213	I	By BVI entity
Class A ordinary shares	09/17/2026		S		379(1)	D	$101.95(3)	834	I	By BVI entity
Class A ordinary shares	09/17/2026		S		30(1)	D	$102.81(4)	804	I	By BVI entity
Class A ordinary shares	09/17/2026		S		24(1)	D	$104.76	780	I	By BVI entity
Class A ordinary shares	09/18/2026		S		332(1)	D	$100.29(5)	99,648	I	By BVI entity
Class A ordinary shares	09/18/2026		S		162(1)	D	$101.1(6)	99,486	I	By BVI entity
Class A ordinary shares	09/18/2026		S		706(1)	D	$101.88(7)	98,780	I	By BVI entity
Class A ordinary shares								1,033,642	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 March 26, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $100.63 to $101.62. 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 $101.63 to $102.62.

4. Represents the weighted average price of shares sold at prices that ranged from $102.64 to $102.91.

5. Represents the weighted average price of shares sold at prices that ranged from $99.58 to $100.55.

6. Represents the weighted average price of shares sold at prices that ranged from $100.60 to $101.57.

7. Represents the weighted average price of shares sold at prices that ranged from $101.58 to $102.50.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	09/21/2026
	** 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)