[144] Sea Ltd SEC Filing
An affiliate of SE has filed a Form 144 notice indicating an intention to sell up to 61,000 ADS through J.P. Morgan Securities LLC on the NYSE, with an approximate sale date of 12/11/2025. The notice reports that these ADS were acquired from the issuer on 08/08/2024 by exercising share options under the issuer’s ESOP for 23,318 ADS, and through vesting of restricted share units on 10/28/2024 for 1,907 ADS and on 11/01/2024 for 35,775 ADS, all as compensation for services provided. The filing states that 543,584,213 ADS are outstanding; this is a baseline figure, not the amount being sold. Over the past three months, Devon Court Limited has already sold multiple small blocks of ADS, generally between 200 and 1,500 ADS per trade from 09/12/2025 through 12/05/2025, with each trade’s gross proceeds listed in the notice.
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| Form 144 Filer Information |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144
NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 | |
FORM 144 |
144: Filer Information
| Filer CIK | |
| Filer CCC | |
| Is this a LIVE or TEST Filing? | LIVE TEST |
Submission Contact Information | |
| Name | |
| Phone | |
| E-Mail Address |
144: Issuer Information
| Name of Issuer | |
| SEC File Number | |
| Address of Issuer | |
| Phone | |
| Name of Person for Whose Account the Securities are To Be Sold | |
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account
the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given
as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales
for the account of the person filing this notice.
| |
| Relationship to Issuer | |
144: Securities Information
| Title of the Class of Securities To Be Sold | Name and Address of the Broker | Number of Shares or Other Units To Be Sold | Aggregate Market Value | Number of Shares or Other Units Outstanding | Approximate Date of Sale | Name the Securities Exchange |
|---|---|---|---|---|---|---|
| ADS | J.P. Morgan Securities LLC 390 Madison Avenue - 6th Floor New York NY 10017 | 61000 | 7848260 | 543584213 | 12/11/2025 | NYSE |
144: Securities To Be Sold
| Title of the Class | Date you Acquired | Nature of Acquisition Transaction | Name of Person from Whom Acquired | Is this a Gift? | Date Donor Acquired | Amount of Securities Acquired | Date of Payment | Nature of Payment * |
|---|---|---|---|---|---|---|---|---|
| ADS | 08/08/2024 | Exercise of share options under Issuers ESOP | Issuer | 23318 | 08/08/2024 | Compensation for services provided | ||
| ADS | 10/28/2024 | Vesting of restricted share units | Issuer | 1907 | 10/28/2024 | Compensation for services provided | ||
| ADS | 11/01/2024 | Vesting of restricted share units | Issuer | 35775 | 11/01/2024 | Compensation for services provided |
144: Securities Sold During The Past 3 Months
| Name and Address of Seller | Title of Securities Sold | Date of Sale | Amount of Securities Sold | Gross Proceeds |
|---|---|---|---|---|
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 09/12/2025 | 1500 | 294956 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 09/15/2025 | 1500 | 288460 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 09/16/2025 | 1500 | 283970 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 09/17/2025 | 1500 | 280028 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 09/18/2025 | 1500 | 285039 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 09/19/2025 | 1500 | 288455 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 09/22/2025 | 1500 | 290989 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 09/23/2025 | 1500 | 281609 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 09/24/2025 | 1500 | 280534 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 09/25/2025 | 1500 | 277396 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 09/26/2025 | 1500 | 273884 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 09/29/2025 | 1500 | 272790 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 09/30/2025 | 1500 | 266659 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/01/2025 | 1500 | 271096 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/02/2025 | 1500 | 271856 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/03/2025 | 1500 | 277400 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/06/2025 | 1500 | 283152 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/07/2025 | 1500 | 284393 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/08/2025 | 1500 | 287568 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/09/2025 | 1500 | 280029 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/10/2025 | 1500 | 276898 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/13/2025 | 1500 | 274112 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/14/2025 | 1500 | 269746 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/15/2025 | 1500 | 271804 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/16/2025 | 1500 | 248489 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/17/2025 | 1500 | 240543 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/20/2025 | 1500 | 247735 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/21/2025 | 1500 | 250291 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/22/2025 | 1500 | 235427 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/23/2025 | 1500 | 234593 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/24/2025 | 1500 | 236919 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/27/2025 | 1500 | 239886 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/28/2025 | 1500 | 238997 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/29/2025 | 1500 | 234850 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/30/2025 | 1500 | 234713 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 10/31/2025 | 1500 | 234359 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/03/2025 | 1500 | 236588 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/04/2025 | 1500 | 233119 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/05/2025 | 1500 | 236520 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/06/2025 | 1500 | 232673 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/07/2025 | 1500 | 226041 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/10/2025 | 1500 | 230768 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/11/2025 | 1500 | 223315 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/12/2025 | 1500 | 218760 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/13/2025 | 1200 | 170496 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/14/2025 | 1200 | 166685 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/17/2025 | 1200 | 174937 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/18/2025 | 1200 | 174622 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/19/2025 | 1200 | 175175 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/20/2025 | 1200 | 163365 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/21/2025 | 1000 | 130897 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/24/2025 | 1000 | 134643 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/25/2025 | 1000 | 135348 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/26/2025 | 1200 | 165114 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 11/28/2025 | 1200 | 165869 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 12/01/2025 | 1000 | 137083 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 12/02/2025 | 1000 | 136578 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 12/03/2025 | 1000 | 136013 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 12/04/2025 | 1000 | 134153 |
| Devon Court Limited Kingston Chambers, PO Box 173 Road Town Tortola D8 VG1110 | ADS | 12/05/2025 | 200 | 27123 |
144: Remarks and Signature
| Remarks | |
| Date of Notice | |
| Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1 | |
ATTENTION: | |
| The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date. | |
| Signature | |
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001) | |