Sea Ltd exec exercises 150K options, sells 60K

Sea Ltd’s Shopee CPO exercised options for 150,000 shares while an affiliated BVI entity sold 60,000 shares under a Rule 10b5-1 plan.

Rhea-AI Filing Summary

Sea Ltd (SE) reported that Chen Jingye, Chief Product Officer of Shopee, exercised share options for 150,000 Class A ordinary shares at $15.00 per share on September 16, 2026 and now holds 9,126,574 Class A ordinary shares directly. Over September 15–16, 2026, a BVI entity controlled by him sold a total of 60,000 Class A ordinary shares in multiple open-market trades at weighted-average prices ranging from the low $102 area to about $106 per share under a Rule 10b5-1 trading plan. Following the option exercise, he also continues to hold 1,000,000 share options that remain outstanding.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 9 txns

Insider Chen Jingye

Role CPO, Shopee

Sold 60,000 shs ($6.24M)

Approx. gross sale proceeds $6.24M

Approx. exercise cost $2.25M

Type	Security	Shares	Price	Value
In-the-Money Exercise	Share options (right to buy) F9	150,000	$0.00	$0.00
Sale	Class A ordinary shares F1, F6	6,863	$103.26	$709K
Sale	Class A ordinary shares F1, F7	15,437	$104.07	$1.61M
Sale	Class A ordinary shares F1, F8	7,700	$105.03	$809K
In-the-Money Exercise	Class A ordinary shares	150,000	$15.00	$2.25M
Sale	Class A ordinary shares F1, F2	11,700	$103.30	$1.21M
Sale	Class A ordinary shares F1, F3	14,600	$103.81	$1.52M
Sale	Class A ordinary shares F1, F4	1,800	$105.08	$189K
Sale	Class A ordinary shares F1, F5	1,900	$106.04	$201K

Holdings After Transaction: Share options (right to buy) — 1,000,000 contracts (Direct); Class A ordinary shares — 120,000 shares (Indirect, By BVI entity); Class A ordinary shares — 9,126,574 shares (Direct)

Footnotes (9)

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 June 10, 2026.
2. F2. Represents the weighted average price of shares sold at prices that ranged from $102.59 to $103.58. 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 $103.59 to $104.55.
4. F4. Represents the weighted average price of shares sold at prices that ranged from $104.60 to $105.56.
5. F5. Represents the weighted average price of shares sold at prices that ranged from $105.71 to $106.49.
6. F6. Represents the weighted average price of shares sold at prices that ranged from $102.68 to $103.67.
7. F7. Represents the weighted average price of shares sold at prices that ranged from $103.69 to $104.67.
8. F8. Represents the weighted average price of shares sold at prices that ranged from $104.68 to $105.30.
9. F9. The share options were granted on February 28, 2018 and are fully exercisable.

Key Figures

Options exercised: 150,000 share options Exercise price: $15.00 per share Shares acquired on exercise: 150,000 Class A ordinary shares +5 more

8 metrics

Options exercised 150,000 share options Exercised into Class A ordinary shares on September 16, 2026 at $15.00 per share

Exercise price $15.00 per share Share options exercised into 150,000 Class A ordinary shares on September 16, 2026

Shares acquired on exercise 150,000 Class A ordinary shares Resulting from option exercise reported on September 16, 2026

Shares sold by BVI entity 60,000 Class A ordinary shares Aggregate of open-market sales on September 15–16, 2026

Sale price range $102.59–$106.49 per share Weighted-average price ranges for grouped sales by the BVI entity

Direct share holdings after exercise 9,126,574 Class A ordinary shares Direct holdings reported following the September 16, 2026 transaction

Remaining share options 1,000,000 share options Share options outstanding after the reported option exercise

Rule 10b5-1 plan adoption date June 10, 2026 Adoption date of the trading plan used by the BVI entity for the sales

Key Terms

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

3 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 $102.59 to $103.58."

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

"underlying security title Class A ordinary shares and non-derivative Class A ordinary share sales"

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.

FAQ

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

What insider transactions did Sea Ltd (SE) report for Chen Jingye on September 15–16, 2026?

Sea Ltd reported that Chen Jingye exercised options into 150,000 Class A ordinary shares at $15.00 per share and that a BVI entity he controls sold 60,000 Class A ordinary shares in open-market trades over September 15–16, 2026.

At what prices were the Sea Ltd (SE) shares sold by the BVI entity associated with Chen Jingye?

The BVI entity’s sales used weighted-average prices between about $102.59 and $106.49 per share, with specific ranges disclosed for each sale group, including $102.59–$103.58, $103.59–$104.55, $104.60–$105.56, and $105.71–$106.49.

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

After exercising options into common stock, Chen Jingye holds 9,126,574 Class A ordinary shares directly. This figure reflects his direct ownership position reported following the September 16, 2026 option exercise.

Were the Sea Ltd (SE) share sales by the BVI entity pre-arranged under a trading plan?

Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted on June 10, 2026 by a BVI entity controlled by Chen Jingye, indicating the sales followed a pre-established trading arrangement.

What is the status of Chen Jingye’s Sea Ltd (SE) share options after the reported exercise?

After exercising 150,000 share options, Chen Jingye has 1,000,000 share options remaining outstanding. These options were originally granted on February 28, 2018 and are disclosed as fully exercisable.

What option terms applied to Chen Jingye’s exercise of Sea Ltd (SE) share options?

Chen Jingye exercised 150,000 share options with an exercise price of $15.00 per share into 150,000 Class A ordinary shares. The options were granted on February 28, 2018 and are described as fully exercisable.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/17/2026 - 06:20 AM Accepted by SEC EDGAR 09/17/2026 - 06:20 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^*

Chen Jingye

(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)
	CPO, Shopee

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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	09/15/2026		S		11,700(1)	D	$103.3(2)	168,300	I	By BVI entity
Class A ordinary shares	09/15/2026		S		14,600(1)	D	$103.81(3)	153,700	I	By BVI entity
Class A ordinary shares	09/15/2026		S		1,800(1)	D	$105.08(4)	151,900	I	By BVI entity
Class A ordinary shares	09/15/2026		S		1,900(1)	D	$106.04(5)	150,000	I	By BVI entity
Class A ordinary shares	09/16/2026		S		6,863(1)	D	$103.26(6)	143,137	I	By BVI entity
Class A ordinary shares	09/16/2026		S		15,437(1)	D	$104.07(7)	127,700	I	By BVI entity
Class A ordinary shares	09/16/2026		S		7,700(1)	D	$105.03(8)	120,000	I	By BVI entity
Class A ordinary shares	09/16/2026		X		150,000	A	$15	9,126,574	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
Share options (right to buy)	$15	09/16/2026		X			150,000	(9)	02/28/2028	Class A ordinary shares	150,000	$0	1,000,000	D

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 June 10, 2026.

2. Represents the weighted average price of shares sold at prices that ranged from $102.59 to $103.58. 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 $103.59 to $104.55.

4. Represents the weighted average price of shares sold at prices that ranged from $104.60 to $105.56.

5. Represents the weighted average price of shares sold at prices that ranged from $105.71 to $106.49.

6. Represents the weighted average price of shares sold at prices that ranged from $102.68 to $103.67.

7. Represents the weighted average price of shares sold at prices that ranged from $103.69 to $104.67.

8. Represents the weighted average price of shares sold at prices that ranged from $104.68 to $105.30.

9. The share options were granted on February 28, 2018 and are fully exercisable.

	/s/ Mark Tang, attorney-in-fact for Jingye Chen	09/17/2026
	** 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)