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  4. [Form 4] Sea Ltd Insider Trading Activity

Sea Ltd (NYSE: SE) COO’s entity sells 10,000 shares under Rule 10b5-1 plan

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

Rhea-AI Filing Summary

Sea Ltd COO Ye Gang reported an indirect open-market sale of 10,000 Class A ordinary shares at a weighted average price of $80.18 per share. The shares were sold by a BVI entity controlled by him under a pre-arranged Rule 10b5-1 trading plan adopted on September 4, 2025.

Following the sale, the BVI entity held 400,000 shares, while Ye Gang also reported 22,396,405 shares held directly. The transaction represents a relatively small portion of his overall reported holdings and was executed as part of a preset trading plan.

Positive

  • None.

Negative

  • None.
Insider Ye Gang
Role COO
Sold 10,000 shs ($802K)
Type Security Shares Price Value
Sale Class A ordinary shares 10,000 $80.18 $802K
holding Class A ordinary shares -- -- --
Holdings After Transaction: Class A ordinary shares — 400,000 shares (Indirect, By BVI entity); Class A ordinary shares — 22,396,405 shares (Direct)
Footnotes (1)
  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. Represents the weighted average price of shares sold at prices that ranged from $80.00 to $80.41. 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.
Shares sold 10,000 shares Open-market sale on April 2, 2026
Weighted average sale price $80.18 per share Class A ordinary shares sold by BVI entity
Price range $80.00–$80.41 per share Range of prices for individual trades in the sale
Indirect holdings after sale 400,000 shares Class A ordinary shares held by BVI entity
Direct holdings reported 22,396,405 shares Class A ordinary shares held directly by Ye Gang
Net shares sold 10,000 shares Net-sell direction in transaction summary
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.
Class A ordinary shares financial
"security_title: "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.
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.
BVI entity financial
"adopted by a BVI entity controlled by the Reporting Person"
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 Insider Transactions: What Each Field Means →
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)
SINGAPORESINGAPORE138522
(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)
04/02/2026		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 shares04/02/2026S10,000(1)D$80.18(2)400,000IBy BVI entity
Class A ordinary shares22,396,405D
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 $80.00 to $80.41. 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.
/s/ Mark Tang, attorney-in-fact for Gang Ye04/06/2026
** 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

FAQ

What did Sea Ltd (SE) COO Ye Gang report in this Form 4?

Ye Gang reported an indirect open-market sale of 10,000 Class A ordinary shares of Sea Ltd at a weighted average price of $80.18 per share. The sale was executed by a BVI entity he controls under a pre-arranged Rule 10b5-1 trading plan.

Was the Sea Ltd (SE) insider sale 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. Such plans pre-schedule trades, reducing the significance of trade timing as an information signal.

How many Sea Ltd (SE) shares did the BVI entity sell and at what price?

The BVI entity associated with Ye Gang sold 10,000 Class A ordinary shares of Sea Ltd. The filing reports a weighted average sale price of $80.18 per share, based on individual trades executed between $80.00 and $80.41 per share.

What are Ye Gang’s reported holdings in Sea Ltd (SE) after this transaction?

After the sale, the BVI entity controlled by Ye Gang held 400,000 Class A ordinary shares. Separately, he also reported 22,396,405 shares held directly. The disclosed sale therefore represents only a small fraction of his total reported holdings.

How many Sea Ltd (SE) shares did the COO sell in total in this Form 4?

The transaction summary shows a net sale of 10,000 Class A ordinary shares of Sea Ltd. There were no reported purchases, option exercises, gifts, or tax-withholding events in this filing, and derivative positions were not listed in the derivative holdings summary.

What price range did the Sea Ltd (SE) insider sale cover?

The filing notes a weighted average sale price of $80.18 per share for the 10,000 shares. According to a footnote, the individual trades occurred at prices ranging from $80.00 to $80.41, and detailed breakdowns are available upon request.