=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-05-12
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: 2026-05-12 | Code: S (Open market sale)
Shares: -9 | Price: $92.02
Total Value: $828.18
Shares Owned After: 210,391 | 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 $91.44 to $92.43. 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: 2026-05-12 | Code: S (Open market sale)
Shares: -18 | Price: $92.94
Total Value: $1,672.92
Shares Owned After: 210,373 | 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 $92.67 to $93.39.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-05-12 | Code: S (Open market sale)
Shares: -210 | Price: $94.04
Total Value: $19,748.40
Shares Owned After: 210,163 | 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 $93.46 to $94.43.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-05-12 | Code: S (Open market sale)
Shares: -159 | Price: $94.76
Total Value: $15,066.84
Shares Owned After: 210,004 | 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 $94.44 to $95.42.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-05-12 | Code: S (Open market sale)
Shares: -66 | Price: $95.99
Total Value: $6,335.34
Shares Owned After: 209,938 | 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 $95.44 to $96.43.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-05-12 | Code: S (Open market sale)
Shares: -338 | Price: $96.98
Total Value: $32,779.24
Shares Owned After: 209,600 | 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 $96.50 to $97.11.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-05-13 | Code: S (Open market sale)
Shares: -425 | Price: $93.74
Total Value: $39,839.50
Shares Owned After: 209,175 | 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 $93.44 to $94.42.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-05-13 | Code: S (Open market sale)
Shares: -231 | Price: $94.98
Total Value: $21,940.38
Shares Owned After: 208,944 | 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 $94.44 to $95.43.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-05-13 | Code: S (Open market sale)
Shares: -87 | Price: $95.91
Total Value: $8,344.17
Shares Owned After: 208,857 | 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 $95.45 to $96.41.
[Transaction #10]
Security: Class A ordinary shares
Date: 2026-05-13 | Code: S (Open market sale)
Shares: -24 | Price: $96.87
Total Value: $2,324.88
Shares Owned After: 208,833 | 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 $96.58 to $97.37.
[Transaction #11]
Security: Class A ordinary shares
Date: 2026-05-13 | Code: S (Open market sale)
Shares: -15 | Price: $97.88
Total Value: $1,468.20
Shares Owned After: 208,818 | 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.
[F12] Represents the weighted average price of shares sold at prices that ranged from $97.48 to $98.12.
[Transaction #12]
Security: Class A ordinary shares
Date: 2026-05-13 | Code: S (Open market sale)
Shares: -15 | Price: $98.83
Total Value: $1,482.45
Shares Owned After: 208,803 | 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.
[F13] Represents the weighted average price of shares sold at prices that ranged from $98.48 to $99.10.
[Transaction #13]
Security: Class A ordinary shares
Date: 2026-05-13 | Code: S (Open market sale)
Shares: -3 | Price: $99.45
Total Value: $298.35
Shares Owned After: 208,800 | 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.
--- 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 $95.45 to $96.41.
F11: Represents the weighted average price of shares sold at prices that ranged from $96.58 to $97.37.
F12: Represents the weighted average price of shares sold at prices that ranged from $97.48 to $98.12.
F13: Represents the weighted average price of shares sold at prices that ranged from $98.48 to $99.10.
F2: Represents the weighted average price of shares sold at prices that ranged from $91.44 to $92.43. 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 $92.67 to $93.39.
F4: Represents the weighted average price of shares sold at prices that ranged from $93.46 to $94.43.
F5: Represents the weighted average price of shares sold at prices that ranged from $94.44 to $95.42.
F6: Represents the weighted average price of shares sold at prices that ranged from $95.44 to $96.43.
F7: Represents the weighted average price of shares sold at prices that ranged from $96.50 to $97.11.
F8: Represents the weighted average price of shares sold at prices that ranged from $93.44 to $94.42.
F9: Represents the weighted average price of shares sold at prices that ranged from $94.44 to $95.43.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Jingye Chen (2026-05-14)
