=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-07-10
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: 2026-07-10 | Code: S (Open market sale)
Shares: -1,519 | Price: $112.02
Total Value: $170,158.38
Shares Owned After: 438,481 | 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 $111.44 to $112.41. 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: 2026-07-10 | Code: S (Open market sale)
Shares: -3,118 | Price: $113.05
Total Value: $352,489.90
Shares Owned After: 435,363 | 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 $112.44 to $113.439.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-07-10 | Code: S (Open market sale)
Shares: -8,941 | Price: $114.03
Total Value: $1,019,542.23
Shares Owned After: 426,422 | 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 $113.44 to $114.43.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-07-10 | Code: S (Open market sale)
Shares: -6,422 | Price: $114.71
Total Value: $736,667.62
Shares Owned After: 420,000 | 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.
[F5] Represents the weighted average price of shares sold at prices that ranged from $114.44 to $115.35.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-07-13 | Code: S (Open market sale)
Shares: -4,074 | Price: $111.22
Total Value: $453,110.28
Shares Owned After: 415,926 | 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 $110.62 to $111.615.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-07-13 | Code: S (Open market sale)
Shares: -7,850 | Price: $111.95
Total Value: $878,807.50
Shares Owned After: 408,076 | 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 $111.62 to $112.61.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-07-13 | Code: S (Open market sale)
Shares: -3,439 | Price: $113.12
Total Value: $389,019.68
Shares Owned After: 404,637 | 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 $112.62 to $113.56.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-07-13 | Code: S (Open market sale)
Shares: -1,593 | Price: $114.18
Total Value: $181,888.74
Shares Owned After: 403,044 | 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 $113.63 to $114.60.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-07-13 | Code: S (Open market sale)
Shares: -3,044 | Price: $114.87
Total Value: $349,664.28
Shares Owned After: 400,000 | 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 $114.63 to $115.37.
--- 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 $114.63 to $115.37.
F2: Represents the weighted average price of shares sold at prices that ranged from $111.44 to $112.41. 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 $112.44 to $113.439.
F4: Represents the weighted average price of shares sold at prices that ranged from $113.44 to $114.43.
F5: Represents the weighted average price of shares sold at prices that ranged from $114.44 to $115.35.
F6: Represents the weighted average price of shares sold at prices that ranged from $110.62 to $111.615.
F7: Represents the weighted average price of shares sold at prices that ranged from $111.62 to $112.61.
F8: Represents the weighted average price of shares sold at prices that ranged from $112.62 to $113.56.
F9: Represents the weighted average price of shares sold at prices that ranged from $113.63 to $114.60.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Gang Ye (2026-07-14)
