Were Chen Jingye’s Sea Ltd (SE) share sales made under a Rule 10b5-1 plan?

Yes. A footnote states the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Chen Jingye on August 28, 2025. Such pre-arranged plans typically indicate scheduled, rather than discretionary, trading activity.

Sea Ltd (NYSE: SE) CPO logs 1,600-share Rule 10b5-1 sale

Q: How many Sea Ltd (SE) shares did Chen Jingye sell in this Form 4?

Chen Jingye was associated with the sale of 1,600 Class A ordinary shares of Sea Ltd. These were executed as open-market sales over March 18–19, 2026, through a BVI entity, according to the Form 4 transaction summary and footnotes.

Q: How many Sea Ltd (SE) shares does Chen Jingye hold after these transactions?

Following the reported sales, the BVI entity held 239,200 Class A shares indirectly, while Chen Jingye also held 9,073,908 Class A shares directly. The 1,600 shares sold therefore represent a small fraction of his overall reported holdings in Sea Ltd.

Q: Are Chen Jingye’s Sea Ltd (SE) sales direct or through an entity?

All reported sales in this Form 4 were made indirectly through a “ By BVI entity ” ownership structure. The filing separately discloses a large direct holding of 9,073,908 Class A shares, but no direct-sale transactions in this specific report.

Q: What is the role of Chen Jingye at Sea Ltd (SE) in this insider filing?

In this insider report, Chen Jingye is identified as an officer of Sea Ltd, serving as CPO, Shopee . The filing details his indirect sales of Sea’s Class A ordinary shares through a BVI entity, along with his remaining direct and indirect shareholdings.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd chief product officer for Shopee, Chen Jingye, reported multiple open-market sales of a total of 1,600 Class A ordinary shares held indirectly through a BVI entity on March 18–19, 2026. Sale prices ranged from about $79.98 to $86.52, based on weighted-average price ranges disclosed.

The trades were executed under a pre-arranged Rule 10b5-1 trading plan adopted by the BVI entity on August 28, 2025. After these sales, the BVI entity continued to hold 239,200 shares indirectly, while Chen also held 9,073,908 Class A shares directly, indicating these transactions affected only a small portion of his overall position.

Insights

Sea’s Shopee CPO recorded a small, pre-planned insider sale via a BVI entity.

Chen Jingye was associated with net sales of 1,600 Class A shares over March 18–19, 2026, all coded as open-market sales and executed indirectly through a BVI entity. Prices fell within disclosed weighted-average ranges between $79.98 and $86.52.

The filing shows 239,200 shares held indirectly after the transactions and 9,073,908 shares held directly, so the sold amount is small relative to his total exposure. A footnote confirms the sales followed a Rule 10b5-1 plan adopted on August 28, 2025, suggesting these were pre-scheduled portfolio-management trades rather than opportunistic timing.

Insider Trade Summary 10b5-1

Net Seller: 1,600 shares ($132,852)

Net Sell 7 txns

Insider Chen Jingye

Role CPO, Shopee

Sold 1,600 shs ($133K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	445	$80.67	$36K
Sale	Class A ordinary shares	320	$81.27	$26K
Sale	Class A ordinary shares	35	$82.00	$3K
Sale	Class A ordinary shares	614	$84.87	$52K
Sale	Class A ordinary shares	171	$85.79	$15K
Sale	Class A ordinary shares	15	$86.50	$1K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 239,555 shares (Indirect, By BVI entity); Class A ordinary shares — 9,073,908 shares (Direct)

Footnotes (1)

The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on August 28, 2025. Represents the weighted average price of shares sold at prices that ranged from $84.44 to $85.43 . 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 $85.44 to $86.40. Represents the weighted average price of shares sold at prices that ranged from $86.48 to $86.52. Represents the weighted average price of shares sold at prices that ranged from $79.98 to $80.97. Represents the weighted average price of shares sold at prices that ranged from $80.98 to $81.97. Represents the weighted average price of shares sold at prices that ranged from $81.98 to $82.03.

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Form 4 Insider Transactions: What Each Field Means →

03/20/2026 - 06:05 AM

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^*

Chen Jingye

(Last)

(First)

(Middle)

C/O 1 FUSIONOPOLIS PLACE,

#17-10, GALAXIS

(Street)

SINGAPORE

138522

(City)

(State)

(Zip)

UNITED STATES

(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)
	CPO, Shopee

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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	03/18/2026		S		614⁽¹⁾	D	$84.87⁽²⁾	240,186	I	By BVI entity
Class A ordinary shares	03/18/2026		S		171⁽¹⁾	D	$85.79⁽³⁾	240,015	I	By BVI entity
Class A ordinary shares	03/18/2026		S		15⁽¹⁾	D	$86.5⁽⁴⁾	240,000	I	By BVI entity
Class A ordinary shares	03/19/2026		S		445⁽¹⁾	D	$80.67⁽⁵⁾	239,555	I	By BVI entity
Class A ordinary shares	03/19/2026		S		320⁽¹⁾	D	$81.27⁽⁶⁾	239,235	I	By BVI entity
Class A ordinary shares	03/19/2026		S		35⁽¹⁾	D	$82⁽⁷⁾	239,200	I	By BVI entity
Class A ordinary shares								9,073,908	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 August 28, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $84.44 to $85.43 . 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 $85.44 to $86.40.

4. Represents the weighted average price of shares sold at prices that ranged from $86.48 to $86.52.

5. Represents the weighted average price of shares sold at prices that ranged from $79.98 to $80.97.

6. Represents the weighted average price of shares sold at prices that ranged from $80.98 to $81.97.

7. Represents the weighted average price of shares sold at prices that ranged from $81.98 to $82.03.

	/s/ Mark Tang, attorney-in-fact for Jingye Chen	03/20/2026
	** 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

FAQ

How many Sea Ltd (SE) shares did Chen Jingye sell in this Form 4?

Chen Jingye was associated with the sale of 1,600 Class A ordinary shares of Sea Ltd. These were executed as open-market sales over March 18–19, 2026, through a BVI entity, according to the Form 4 transaction summary and footnotes.

At what prices were the Sea Ltd (SE) shares sold in Chen Jingye’s filing?

The reported sales occurred at weighted-average prices within ranges from $79.98 to $86.52. Individual transactions list prices such as $80.67, $81.27, $82.00, $84.87, $85.79, and $86.50, reflecting execution across several price bands.

How many Sea Ltd (SE) shares does Chen Jingye hold after these transactions?

Following the reported sales, the BVI entity held 239,200 Class A shares indirectly, while Chen Jingye also held 9,073,908 Class A shares directly. The 1,600 shares sold therefore represent a small fraction of his overall reported holdings in Sea Ltd.

Are Chen Jingye’s Sea Ltd (SE) sales direct or through an entity?

All reported sales in this Form 4 were made indirectly through a “By BVI entity” ownership structure. The filing separately discloses a large direct holding of 9,073,908 Class A shares, but no direct-sale transactions in this specific report.

What is the role of Chen Jingye at Sea Ltd (SE) in this insider filing?

In this insider report, Chen Jingye is identified as an officer of Sea Ltd, serving as CPO, Shopee. The filing details his indirect sales of Sea’s Class A ordinary shares through a BVI entity, along with his remaining direct and indirect shareholdings.