=== 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: Wang Yanjun
CIK: 0002113214
Role: Officer (CCO and GC)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-07-14 | Code: S (Open market sale)
Shares: -369 | Price: $108.94
Total Value: $40,198.86
Shares Owned After: 36,631 | 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 $108.29 to $109.28. 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: -844 | Price: $109.74
Total Value: $92,620.56
Shares Owned After: 35,787 | 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 $109.29 to $110.27.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-07-14 | Code: S (Open market sale)
Shares: -281 | Price: $110.58
Total Value: $31,072.98
Shares Owned After: 35,506 | 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 $110.29 to $111.28.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-07-14 | Code: S (Open market sale)
Shares: -6 | Price: $111.42
Total Value: $668.52
Shares Owned After: 35,500 | 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.
[F5] Represents the weighted average price of shares sold at prices that ranged from $111.38 to $111.48.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-07-15 | Code: S (Open market sale)
Shares: -11 | Price: $109.10
Total Value: $1,200.10
Shares Owned After: 35,489 | 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 $109.07 to $109.17.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-07-15 | Code: S (Open market sale)
Shares: -568 | Price: $110.45
Total Value: $62,735.60
Shares Owned After: 34,921 | 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 $110.23 to $111.06.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-07-15 | Code: S (Open market sale)
Shares: -261 | Price: $111.48
Total Value: $29,096.28
Shares Owned After: 34,660 | 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 $111.07 to $112.06.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-07-15 | Code: S (Open market sale)
Shares: -289 | Price: $112.56
Total Value: $32,529.84
Shares Owned After: 34,371 | 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 $112.07 to $113.06.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-07-15 | Code: S (Open market sale)
Shares: -271 | Price: $113.53
Total Value: $30,766.63
Shares Owned After: 34,100 | 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 $113.07 to $114.05.
[Transaction #10]
Security: Class A ordinary shares
Date: 2026-07-15 | Code: S (Open market sale)
Shares: -100 | Price: $114.19
Total Value: $11,419.00
Shares Owned After: 34,000 | 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.
[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 March 26, 2026.
F10: Represents the weighted average price of shares sold at prices that ranged from $113.07 to $114.05.
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 $108.29 to $109.28. 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 $109.29 to $110.27.
F4: Represents the weighted average price of shares sold at prices that ranged from $110.29 to $111.28.
F5: Represents the weighted average price of shares sold at prices that ranged from $111.38 to $111.48.
F6: Represents the weighted average price of shares sold at prices that ranged from $109.07 to $109.17.
F7: Represents the weighted average price of shares sold at prices that ranged from $110.23 to $111.06.
F8: Represents the weighted average price of shares sold at prices that ranged from $111.07 to $112.06.
F9: Represents the weighted average price of shares sold at prices that ranged from $112.07 to $113.06.
--- Signature ---
/s/ /s/ Emily Tan, attorney-in-fact for Yanjun Wang (2026-07-16)
