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

Yes. The filing 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 plans pre-schedule trades, indicating a structured, pre-arranged selling program.

Sea (NYSE: SE) CPO sells 1,600 shares under 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd chief product officer for Shopee, Chen Jingye, reported open-market sales of 1,600 Class A ordinary shares over March 24–25, 2026. The shares were sold indirectly through a BVI entity in multiple trades at prices ranging from $77.84 to $82.35, under a Rule 10b5-1 trading plan adopted on August 28, 2025. Following these transactions, Chen’s indirect holdings stood at 236,000 Class A ordinary shares, and a separate direct holding entry shows 9,073,908 Class A ordinary shares as of March 24, 2026.

Insider Trade Summary 10b5-1

Net Seller: 1,600 shares ($128,291)

Net Sell 6 txns

Insider Chen Jingye

Role CPO, Shopee

Sold 1,600 shs ($128K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	63	$80.76	$5K
Sale	Class A ordinary shares	520	$81.80	$43K
Sale	Class A ordinary shares	217	$82.35	$18K
Sale	Class A ordinary shares	210	$77.84	$16K
Sale	Class A ordinary shares	590	$78.73	$46K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 236,737 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 $77.34 to $78.32. 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 $78.34 to $79.27. Represents the weighted average price of shares sold at prices that ranged from $80.18 to $81.17. Represents the weighted average price of shares sold at prices that ranged from $81.180 to $82.178. Represents the weighted average price of shares sold at prices that ranged from $82.18 to $82.72.

Form 4 Insider Transactions: What Each Field Means →

03/26/2026 - 06:06 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)

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)
03/24/2026

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	03/24/2026		S		210⁽¹⁾	D	$77.84⁽²⁾	237,390	I	By BVI entity
Class A ordinary shares	03/24/2026		S		590⁽¹⁾	D	$78.73⁽³⁾	236,800	I	By BVI entity
Class A ordinary shares	03/25/2026		S		63⁽¹⁾	D	$80.76⁽⁴⁾	236,737	I	By BVI entity
Class A ordinary shares	03/25/2026		S		520⁽¹⁾	D	$81.8⁽⁵⁾	236,217	I	By BVI entity
Class A ordinary shares	03/25/2026		S		217⁽¹⁾	D	$82.35⁽⁶⁾	236,000	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 $77.34 to $78.32. 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 $78.34 to $79.27.

4. Represents the weighted average price of shares sold at prices that ranged from $80.18 to $81.17.

5. Represents the weighted average price of shares sold at prices that ranged from $81.180 to $82.178.

6. Represents the weighted average price of shares sold at prices that ranged from $82.18 to $82.72.

	/s/ Mark Tang, attorney-in-fact for Jingye Chen	03/26/2026
	** 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

What insider transactions did Chen Jingye report for Sea (SE)?

Chen Jingye reported selling 1,600 Class A ordinary shares of Sea Ltd in open-market transactions. The sales occurred on March 24–25, 2026, in several small trades executed indirectly through a BVI entity associated with him.

At what prices were the Sea (SE) shares sold in Chen Jingye’s Form 4?

The reported Sea Ltd share sales were executed at prices between $77.84 and $82.35 per share. Individual trades included prices such as $77.84, $78.73, $80.76, $81.80, and $82.35, as detailed in the Form 4 transaction table.

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

After the reported sales, Chen Jingye’s indirect holdings were 236,000 Class A ordinary shares. A separate direct holding entry in the filing also lists 9,073,908 Class A ordinary shares held directly as of March 24, 2026.

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

The reported 1,600-share sale was made indirectly through a BVI entity, as noted in the nature of ownership field. The filing distinguishes between these indirect holdings and a separate, large block of shares held directly by Chen Jingye.

What role does Chen Jingye hold at Sea Ltd (SE)?

Chen Jingye is identified in the filing as an officer of Sea Ltd, serving as CPO, Shopee. This indicates he is a senior executive connected to the Shopee segment, which makes his equity transactions reportable under SEC insider ownership rules.