Sea Ltd (NYSE: SE) CCO’s BVI entity sells 1,600 Class A shares

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sea Ltd chief corporate officer and general counsel Wang Yanjun, through a BVI entity, reported open‑market sales of a total of 1,600 Class A ordinary shares on March 24–25, 2026 at prices between about $77.84 and $82.61 per share. The sales were executed under a pre‑arranged Rule 10b5‑1 trading plan adopted by the BVI entity. After these trades, indirect holdings stood at 33,200 shares, and a separate direct holding entry shows 1,220,976 shares owned directly.

Insider Trade Summary 10b5-1

Net Seller: 1,600 shares ($128,368)

Net Sell 6 txns

Insider Wang Yanjun

Role CCO and GC

Sold 1,600 shs ($128K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	135	$81.25	$11K
Sale	Class A ordinary shares	641	$82.09	$53K
Sale	Class A ordinary shares	24	$82.61	$2K
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 — 33,865 shares (Indirect, By BVI entity); Class A ordinary shares — 1,220,976 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 September 4, 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 $80.53 to $81.52. Represents the weighted average price of shares sold at prices that ranged from $81.56 to $82.52. Represents the weighted average price of shares sold at prices that ranged from $82.55 to $82.66.

Form 4 Insider Transactions: What Each Field Means →

03/26/2026 - 06:05 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^*

Wang Yanjun

(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)
	CCO and GC

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⁾	34,590	I	By BVI entity
Class A ordinary shares	03/24/2026		S		590⁽¹⁾	D	$78.73⁽³⁾	34,000	I	By BVI entity
Class A ordinary shares	03/25/2026		S		135⁽¹⁾	D	$81.25⁽⁴⁾	33,865	I	By BVI entity
Class A ordinary shares	03/25/2026		S		641⁽¹⁾	D	$82.09⁽⁵⁾	33,224	I	By BVI entity
Class A ordinary shares	03/25/2026		S		24⁽¹⁾	D	$82.61⁽⁶⁾	33,200	I	By BVI entity
Class A ordinary shares								1,220,976	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 $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 $80.53 to $81.52.

5. Represents the weighted average price of shares sold at prices that ranged from $81.56 to $82.52.

6. Represents the weighted average price of shares sold at prices that ranged from $82.55 to $82.66.

	/s/ Emily Tan, attorney-in-fact for Yanjun Wang	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 transaction did Sea Ltd (SE) report for Wang Yanjun?

Sea Ltd reported that CCO and GC Wang Yanjun’s BVI entity sold 1,600 Class A shares. The open‑market sales occurred on March 24–25, 2026, across several trades disclosed in a Form 4 insider filing.

At what prices were Sea Ltd (SE) shares sold in this Form 4 filing?

The 1,600 Class A shares were sold at prices between about $77.84 and $82.61 per share. Individual trades were reported with specific prices, and some entries used weighted average prices over defined intraday ranges.

Were the Sea Ltd (SE) insider sales made under a Rule 10b5-1 plan?

Yes. The filing states the shares were sold under a Rule 10b5‑1 trading plan. The plan was adopted by a BVI entity controlled by the reporting person on September 4, 2025, indicating the trades were pre‑scheduled rather than newly initiated.

How many Sea Ltd (SE) shares does the reporting person hold after these transactions?

After the reported sales, indirect holdings were 33,200 Class A shares, with a separate direct holding of 1,220,976 shares. These figures come from the post‑transaction ownership columns and a direct holding entry dated March 24, 2026.

Are the Sea Ltd (SE) shares sold held directly by Wang Yanjun?

No. The Form 4 shows the sold shares were held indirectly through a BVI entity. The ownership type is marked as indirect, with the nature of ownership described as “By BVI entity” for each sale transaction.

How significant are these Sea Ltd (SE) insider sales relative to the reported holdings?

The filing shows 1,600 shares sold compared with much larger reported holdings. After the trades, the insider still reports 33,200 shares indirectly and 1,220,976 shares directly, suggesting the transactions represent a relatively small portion of the disclosed position.