=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-05-21
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: Sea Ltd (SE)
CIK: 0001703399
--- Reporting Owner ---
Name: Chen Jingye
CIK: 0001965706
Role: Officer (CPO, Shopee)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-05-21 | Code: S (Open market sale)
Shares: -168 | Price: $85.40
Total Value: $14,347.20
Shares Owned After: 204,632 | Ownership: I (Indirect) | Nature: By BVI entity
Footnotes:
[F1] 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.
[F2] Represents the weighted average price of shares sold at prices that ranged from $84.86 to $85.83. 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.
[Transaction #2]
Security: Class A ordinary shares
Date: 2026-05-21 | Code: S (Open market sale)
Shares: -19 | Price: $86.26
Total Value: $1,638.94
Shares Owned After: 204,613 | Ownership: I (Indirect) | Nature: By BVI entity
Footnotes:
[F1] 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.
[F3] Represents the weighted average price of shares sold at prices that ranged from $85.88 to $86.58.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-05-21 | Code: S (Open market sale)
Shares: -395 | Price: $87.57
Total Value: $34,590.15
Shares Owned After: 204,218 | Ownership: I (Indirect) | Nature: By BVI entity
Footnotes:
[F1] 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.
[F4] Represents the weighted average price of shares sold at prices that ranged from $86.87 to $87.857.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-05-21 | Code: S (Open market sale)
Shares: -218 | Price: $88.10
Total Value: $19,205.80
Shares Owned After: 204,000 | Ownership: I (Indirect) | Nature: By BVI entity
Footnotes:
[F1] 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.
[F5] Represents the weighted average price of shares sold at prices that ranged from $87.86 to $88.62.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-05-22 | Code: S (Open market sale)
Shares: -460 | Price: $86.53
Total Value: $39,803.80
Shares Owned After: 203,540 | Ownership: I (Indirect) | Nature: By BVI entity
Footnotes:
[F1] 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.
[F6] Represents the weighted average price of shares sold at prices that ranged from $86.07 to $87.06.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-05-22 | Code: S (Open market sale)
Shares: -37 | Price: $87.45
Total Value: $3,235.65
Shares Owned After: 203,503 | Ownership: I (Indirect) | Nature: By BVI entity
Footnotes:
[F1] 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.
[F7] Represents the weighted average price of shares sold at prices that ranged from $87.12 to $87.98.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-05-22 | Code: S (Open market sale)
Shares: -43 | Price: $88.75
Total Value: $3,816.25
Shares Owned After: 203,460 | Ownership: I (Indirect) | Nature: By BVI entity
Footnotes:
[F1] 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.
[F8] Represents the weighted average price of shares sold at prices that ranged from $88.17 to $89.05.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-05-22 | Code: S (Open market sale)
Shares: -161 | Price: $89.57
Total Value: $14,420.77
Shares Owned After: 203,299 | Ownership: I (Indirect) | Nature: By BVI entity
Footnotes:
[F1] 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.
[F9] Represents the weighted average price of shares sold at prices that ranged from $89.14 to $90.06.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-05-22 | Code: S (Open market sale)
Shares: -74 | Price: $90.67
Total Value: $6,709.58
Shares Owned After: 203,225 | Ownership: I (Indirect) | Nature: By BVI entity
Footnotes:
[F1] 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.
[F10] Represents the weighted average price of shares sold at prices that ranged from $90.12 to $91.05.
[Transaction #10]
Security: Class A ordinary shares
Date: 2026-05-22 | Code: S (Open market sale)
Shares: -25 | Price: $91.46
Total Value: $2,286.50
Shares Owned After: 203,200 | Ownership: I (Indirect) | Nature: By BVI entity
Footnotes:
[F1] 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.
[F11] Represents the weighted average price of shares sold at prices that ranged from $91.26 to $91.66.
--- Holdings ---
[Holding #1]
Security: Class A ordinary shares
Ownership: D (Direct)
--- Footnotes (Complete Index) ---
F1: 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.
F10: Represents the weighted average price of shares sold at prices that ranged from $90.12 to $91.05.
F11: Represents the weighted average price of shares sold at prices that ranged from $91.26 to $91.66.
F2: Represents the weighted average price of shares sold at prices that ranged from $84.86 to $85.83. 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.
F3: Represents the weighted average price of shares sold at prices that ranged from $85.88 to $86.58.
F4: Represents the weighted average price of shares sold at prices that ranged from $86.87 to $87.857.
F5: Represents the weighted average price of shares sold at prices that ranged from $87.86 to $88.62.
F6: Represents the weighted average price of shares sold at prices that ranged from $86.07 to $87.06.
F7: Represents the weighted average price of shares sold at prices that ranged from $87.12 to $87.98.
F8: Represents the weighted average price of shares sold at prices that ranged from $88.17 to $89.05.
F9: Represents the weighted average price of shares sold at prices that ranged from $89.14 to $90.06.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Jingye Chen (2026-05-26)
