=== 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: Ye Gang
CIK: 0001729171
Role: Director, Officer (COO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-07-01 | Code: S (Open market sale)
Shares: -600 | Price: $96.77
Total Value: $58,062.00
Shares Owned After: 559,400 | 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 September 4, 2025.
[F2] Represents the weighted average price of shares sold at prices that ranged from $96.19 to $97.16. 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: -200 | Price: $97.88
Total Value: $19,576.00
Shares Owned After: 559,200 | 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 September 4, 2025.
[F3] Represents the weighted average price of shares sold at prices that ranged from $97.81 to $97.94.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-07-01 | Code: S (Open market sale)
Shares: -300 | Price: $98.71
Total Value: $29,613.00
Shares Owned After: 558,900 | 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 September 4, 2025.
[F4] Represents the weighted average price of shares sold at prices that ranged from $98.21 to $99.18.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-07-01 | Code: S (Open market sale)
Shares: -5,436 | Price: $99.99
Total Value: $543,545.64
Shares Owned After: 553,464 | 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 September 4, 2025.
[F5] Represents the weighted average price of shares sold at prices that ranged from $99.22 to $100.18.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-07-01 | Code: S (Open market sale)
Shares: -5,564 | Price: $100.39
Total Value: $558,569.96
Shares Owned After: 547,900 | 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 September 4, 2025.
[F6] Represents the weighted average price of shares sold at prices that ranged from $100.20 to $101.18.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-07-01 | Code: S (Open market sale)
Shares: -3,100 | Price: $101.80
Total Value: $315,580.00
Shares Owned After: 544,800 | 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 September 4, 2025.
[F7] Represents the weighted average price of shares sold at prices that ranged from $101.20 to $102.18.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-07-01 | Code: S (Open market sale)
Shares: -4,400 | Price: $102.63
Total Value: $451,572.00
Shares Owned After: 540,400 | 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 September 4, 2025.
[F8] Represents the weighted average price of shares sold at prices that ranged from $102.21 to $103.15.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-07-01 | Code: S (Open market sale)
Shares: -400 | Price: $103.25
Total Value: $41,300.00
Shares Owned After: 540,000 | 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 September 4, 2025.
[F9] Represents the weighted average price of shares sold at prices that ranged from $103.23 to $103.25.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-07-02 | Code: S (Open market sale)
Shares: -10,000 | Price: $103.31
Total Value: $1,033,100.00
Shares Owned After: 530,000 | 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 September 4, 2025.
[F10] Represents the weighted average price of shares sold at prices that ranged from $102.76 to $103.70.
[Transaction #10]
Security: Class A ordinary shares
Date: 2026-07-02 | Code: S (Open market sale)
Shares: -4,800 | Price: $104.26
Total Value: $500,448.00
Shares Owned After: 525,200 | 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 September 4, 2025.
[F11] Represents the weighted average price of shares sold at prices that ranged from $103.79 to $104.72.
[Transaction #11]
Security: Class A ordinary shares
Date: 2026-07-02 | Code: S (Open market sale)
Shares: -5,200 | Price: $105.16
Total Value: $546,832.00
Shares Owned After: 520,000 | 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 September 4, 2025.
[F12] Represents the weighted average price of shares sold at prices that ranged from $104.77 to $105.70.
--- 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 September 4, 2025.
F10: Represents the weighted average price of shares sold at prices that ranged from $102.76 to $103.70.
F11: Represents the weighted average price of shares sold at prices that ranged from $103.79 to $104.72.
F12: Represents the weighted average price of shares sold at prices that ranged from $104.77 to $105.70.
F2: Represents the weighted average price of shares sold at prices that ranged from $96.19 to $97.16. 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 $97.81 to $97.94.
F4: Represents the weighted average price of shares sold at prices that ranged from $98.21 to $99.18.
F5: Represents the weighted average price of shares sold at prices that ranged from $99.22 to $100.18.
F6: Represents the weighted average price of shares sold at prices that ranged from $100.20 to $101.18.
F7: Represents the weighted average price of shares sold at prices that ranged from $101.20 to $102.18.
F8: Represents the weighted average price of shares sold at prices that ranged from $102.21 to $103.15.
F9: Represents the weighted average price of shares sold at prices that ranged from $103.23 to $103.25.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Gang Ye (2026-07-06)
