Were Ye Gang’s Sea (SE) share sales 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, which can make the timing less indicative of his short-term market view.

Who actually executed the Sea (SE) share sales reported for Ye Gang?

The transactions were executed by a BVI entity described in the filing as controlled by Ye Gang. The Form 4 attributes the sales to this entity as an indirect ownership position, while Ye Gang remains the reporting person for SEC disclosure purposes.

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

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd COO and director Ye Gang reported small, pre-planned stock sales through a BVI entity he controls. On May 20, 2026, that entity sold a total of 10,000 Class A ordinary shares in open-market transactions.

The reported sales were executed at weighted average prices of $85.39, $86.52 and $86.94, across price ranges from $84.84 to $87.11, as detailed in the footnotes. Following these trades, Ye Gang continues to hold 22,206,405 Class A ordinary shares directly.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares ($863,492)

Net Sell 4 txns

Insider Ye Gang

Role COO

Sold 10,000 shs ($863K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	1,881	$85.39	$161K
Sale	Class A ordinary shares	7,126	$86.52	$617K
Sale	Class A ordinary shares	993	$86.94	$86K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 268,119 shares (Indirect, By BVI entity); Class A ordinary shares — 22,206,405 shares (Direct, null)

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 September 4, 2025. Represents the weighted average price of shares sold at prices that ranged from $84.84 to $85.82. 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 $85.85 to $86.83. Represents the weighted average price of shares sold at prices that ranged from $86.84 to $87.11.

Key Figures

Shares sold: 10,000 shares Sale price tranche 1: $85.39/share Sale price tranche 2: $86.52/share +5 more

8 metrics

Shares sold 10,000 shares Total Class A ordinary shares sold on May 20, 2026

Sale price tranche 1 $85.39/share Weighted average price for one group of sales

Sale price tranche 2 $86.52/share Weighted average price for one group of sales

Sale price tranche 3 $86.94/share Weighted average price for one group of sales

Price range low $84.84/share Lowest price in disclosed sale ranges

Price range high $87.11/share Highest price in disclosed sale ranges

Direct holdings after transactions 22,206,405 shares Direct Class A ordinary shares held by Ye Gang after trades

Transaction date May 20, 2026 Date of reported open-market sales

Key Terms

Rule 10b5-1 trading plan, weighted average price, Class A ordinary shares, open-market sale, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted"

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"

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

"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.

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.

indirect ownership financial

"ownership_type": "indirect""

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 06:04 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^*

Ye Gang

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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	05/20/2026		S		1,881⁽¹⁾	D	$85.39⁽²⁾	268,119	I	By BVI entity
Class A ordinary shares	05/20/2026		S		7,126⁽¹⁾	D	$86.52⁽³⁾	260,993	I	By BVI entity
Class A ordinary shares	05/20/2026		S		993⁽¹⁾	D	$86.94⁽⁴⁾	260,000	I	By BVI entity
Class A ordinary shares								22,206,405	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 September 4, 2025.

2. Represents the weighted average price of shares sold at prices that ranged from $84.84 to $85.82. 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 $85.85 to $86.83.

4. Represents the weighted average price of shares sold at prices that ranged from $86.84 to $87.11.

	/s/ Mark Tang, attorney-in-fact for Gang Ye	05/21/2026
	** 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 Sea (SE) report for Ye Gang?

Sea reported that a BVI entity controlled by COO Ye Gang sold 10,000 Class A ordinary shares on May 20, 2026. These were open-market transactions executed under a pre-arranged Rule 10b5-1 trading plan, indicating a scheduled, rather than discretionary, sale program.

At what prices were Ye Gang’s Sea (SE) shares sold?

The filing shows weighted average sale prices of $85.39, $86.52 and $86.94 per share. Footnotes state the actual trades occurred within ranges from $84.84 up to $87.11, with full price-by-price details available on request from the issuer or the SEC.

How many Sea (SE) shares did Ye Gang sell in this Form 4?

The BVI entity controlled by Ye Gang sold a total of 10,000 Class A ordinary shares. The sales were split into three open-market transactions on May 20, 2026, each reported separately with its own weighted average price and price range disclosure in the footnotes.

Does Ye Gang still hold a large position in Sea (SE) after these sales?

Yes. After the reported transactions, Ye Gang directly holds 22,206,405 Class A ordinary shares of Sea. He also continues to have indirect holdings through a BVI entity, so the 10,000 shares sold represent a small portion of his overall reported ownership.