=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-07-14
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: 2026-07-14 | Code: S (Open market sale)
Shares: -7,956 | Price: $109.00
Total Value: $867,204.00
Shares Owned After: 392,044 | 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.
[F2] Represents the weighted average price of shares sold at prices that ranged from $108.33 to $109.32. 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: 2026-07-14 | Code: S (Open market sale)
Shares: -9,147 | Price: $109.67
Total Value: $1,003,151.49
Shares Owned After: 382,897 | 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 $109.33 to $110.32.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-07-14 | Code: S (Open market sale)
Shares: -2,849 | Price: $110.73
Total Value: $315,469.77
Shares Owned After: 380,048 | 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 $110.33 to $111.28.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-07-14 | Code: S (Open market sale)
Shares: -48 | Price: $111.43
Total Value: $5,348.64
Shares Owned After: 380,000 | 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 $111.40 to $111.48.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-07-15 | Code: S (Open market sale)
Shares: -225 | Price: $109.07
Total Value: $24,540.75
Shares Owned After: 379,775 | 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 $109.07 to $109.18.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-07-15 | Code: S (Open market sale)
Shares: -4,252 | Price: $110.76
Total Value: $470,951.52
Shares Owned After: 375,523 | 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 $110.20 to $111.065.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-07-15 | Code: S (Open market sale)
Shares: -4,055 | Price: $111.60
Total Value: $452,538.00
Shares Owned After: 371,468 | 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 $111.07 to $112.065.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-07-15 | Code: S (Open market sale)
Shares: -4,721 | Price: $112.57
Total Value: $531,442.97
Shares Owned After: 366,747 | 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 $112.07 to $113.06.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-07-15 | Code: S (Open market sale)
Shares: -5,222 | Price: $113.55
Total Value: $592,958.10
Shares Owned After: 361,525 | 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 $113.07 to $114.06.
[Transaction #10]
Security: Class A ordinary shares
Date: 2026-07-15 | Code: S (Open market sale)
Shares: -1,525 | Price: $114.21
Total Value: $174,170.25
Shares Owned After: 360,000 | 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.
[F11] Represents the weighted average price of shares sold at prices that ranged from $114.07 to $114.61.
--- 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 $113.07 to $114.06.
F11: Represents the weighted average price of shares sold at prices that ranged from $114.07 to $114.61.
F2: Represents the weighted average price of shares sold at prices that ranged from $108.33 to $109.32. 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 $109.33 to $110.32.
F4: Represents the weighted average price of shares sold at prices that ranged from $110.33 to $111.28.
F5: Represents the weighted average price of shares sold at prices that ranged from $111.40 to $111.48.
F6: Represents the weighted average price of shares sold at prices that ranged from $109.07 to $109.18.
F7: Represents the weighted average price of shares sold at prices that ranged from $110.20 to $111.065.
F8: Represents the weighted average price of shares sold at prices that ranged from $111.07 to $112.065.
F9: Represents the weighted average price of shares sold at prices that ranged from $112.07 to $113.06.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Gang Ye (2026-07-16)
