=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-07-01
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: Sea Ltd (SE)
CIK: 0001703399
--- Reporting Owner ---
Name: Wang Yanjun
CIK: 0002113214
Role: Officer (CCO and GC)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-07-01 | Code: S (Open market sale)
Shares: -233 | Price: $96.70
Total Value: $22,531.10
Shares Owned After: 46,967 | 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 March 26, 2026.
[F2] Represents the weighted average price of shares sold at prices that ranged from $96.02 to $96.98. 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: 2026-07-01 | Code: S (Open market sale)
Shares: -27 | Price: $97.46
Total Value: $2,631.42
Shares Owned After: 46,940 | 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 March 26, 2026.
[F3] Represents the weighted average price of shares sold at prices that ranged from $97.09 to $97.94.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-07-01 | Code: S (Open market sale)
Shares: -15 | Price: $98.41
Total Value: $1,476.15
Shares Owned After: 46,925 | 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 March 26, 2026.
[F4] Represents the weighted average price of shares sold at prices that ranged from $98.12 to $98.78.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-07-01 | Code: S (Open market sale)
Shares: -235 | Price: $99.92
Total Value: $23,481.20
Shares Owned After: 46,690 | 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 March 26, 2026.
[F5] Represents the weighted average price of shares sold at prices that ranged from $99.09 to $100.01.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-07-01 | Code: S (Open market sale)
Shares: -31 | Price: $100.46
Total Value: $3,114.26
Shares Owned After: 46,659 | 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 March 26, 2026.
[F6] Represents the weighted average price of shares sold at prices that ranged from $100.04 to $101.00.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-07-01 | Code: S (Open market sale)
Shares: -159 | Price: $101.57
Total Value: $16,149.63
Shares Owned After: 46,500 | 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 March 26, 2026.
[F7] Represents the weighted average price of shares sold at prices that ranged from $101.02 to $102.01.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-07-01 | Code: S (Open market sale)
Shares: -300 | Price: $102.35
Total Value: $30,705.00
Shares Owned After: 46,200 | 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 March 26, 2026.
[F8] Represents the weighted average price of shares sold at prices that ranged from $102.07 to $102.70.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-07-01 | Code: S (Open market sale)
Shares: -200 | Price: $103.15
Total Value: $20,630.00
Shares Owned After: 46,000 | 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 March 26, 2026.
[F9] Represents the weighted average price of shares sold at prices that ranged from $103.14 to $103.15.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-07-02 | Code: S (Open market sale)
Shares: -554 | Price: $103.16
Total Value: $57,150.64
Shares Owned After: 45,446 | 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 March 26, 2026.
[F10] Represents the weighted average price of shares sold at prices that ranged from $102.76 to $103.75.
[Transaction #10]
Security: Class A ordinary shares
Date: 2026-07-02 | Code: S (Open market sale)
Shares: -383 | Price: $104.21
Total Value: $39,912.43
Shares Owned After: 45,063 | 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 March 26, 2026.
[F11] Represents the weighted average price of shares sold at prices that ranged from $103.76 to $104.75.
[Transaction #11]
Security: Class A ordinary shares
Date: 2026-07-02 | Code: S (Open market sale)
Shares: -258 | Price: $105.14
Total Value: $27,126.12
Shares Owned After: 44,805 | 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 March 26, 2026.
[F12] Represents the weighted average price of shares sold at prices that ranged from $104.77 to $105.75.
[Transaction #12]
Security: Class A ordinary shares
Date: 2026-07-02 | Code: S (Open market sale)
Shares: -5 | Price: $105.84
Total Value: $529.20
Shares Owned After: 44,800 | 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 March 26, 2026.
[F13] Represents the weighted average price of shares sold at prices that ranged from $105.82 to $105.85.
--- 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 March 26, 2026.
F10: Represents the weighted average price of shares sold at prices that ranged from $102.76 to $103.75.
F11: Represents the weighted average price of shares sold at prices that ranged from $103.76 to $104.75.
F12: Represents the weighted average price of shares sold at prices that ranged from $104.77 to $105.75.
F13: Represents the weighted average price of shares sold at prices that ranged from $105.82 to $105.85.
F2: Represents the weighted average price of shares sold at prices that ranged from $96.02 to $96.98. 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 $97.09 to $97.94.
F4: Represents the weighted average price of shares sold at prices that ranged from $98.12 to $98.78.
F5: Represents the weighted average price of shares sold at prices that ranged from $99.09 to $100.01.
F6: Represents the weighted average price of shares sold at prices that ranged from $100.04 to $101.00.
F7: Represents the weighted average price of shares sold at prices that ranged from $101.02 to $102.01.
F8: Represents the weighted average price of shares sold at prices that ranged from $102.07 to $102.70.
F9: Represents the weighted average price of shares sold at prices that ranged from $103.14 to $103.15.
--- Signature ---
/s/ /s/ Emily Tan, attorney-in-fact for Yanjun Wang (2026-07-06)
