=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-07-16
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: 2026-07-16 | Code: S (Open market sale)
Shares: -463 | Price: $106.05
Total Value: $49,101.15
Shares Owned After: 33,537 | 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 $105.67 to $106.66. 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: 2026-07-16 | Code: S (Open market sale)
Shares: -211 | Price: $107.35
Total Value: $22,650.85
Shares Owned After: 33,326 | 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 $106.70 to $107.66.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-07-16 | Code: S (Open market sale)
Shares: -147 | Price: $107.96
Total Value: $15,870.12
Shares Owned After: 33,179 | 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 $107.68 to $108.63.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-07-16 | Code: S (Open market sale)
Shares: -184 | Price: $109.10
Total Value: $20,074.40
Shares Owned After: 32,995 | 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 $108.69 to $109.65.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-07-16 | Code: S (Open market sale)
Shares: -153 | Price: $110.12
Total Value: $16,848.36
Shares Owned After: 32,842 | 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 $109.68 to $110.58.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-07-16 | Code: S (Open market sale)
Shares: -342 | Price: $111.00
Total Value: $37,962.00
Shares Owned After: 32,500 | 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 $110.69 to $111.37.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-07-17 | Code: S (Open market sale)
Shares: -223 | Price: $101.46
Total Value: $22,625.58
Shares Owned After: 32,277 | 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 $100.94 to $101.93.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-07-17 | Code: S (Open market sale)
Shares: -205 | Price: $102.47
Total Value: $21,006.35
Shares Owned After: 32,072 | 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 $101.94 to $102.93.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-07-17 | Code: S (Open market sale)
Shares: -490 | Price: $103.44
Total Value: $50,685.60
Shares Owned After: 31,582 | 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 $102.94 to $103.93.
[Transaction #10]
Security: Class A ordinary shares
Date: 2026-07-17 | Code: S (Open market sale)
Shares: -210 | Price: $104.45
Total Value: $21,934.50
Shares Owned After: 31,372 | 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 $103.94 to $104.89.
[Transaction #11]
Security: Class A ordinary shares
Date: 2026-07-17 | Code: S (Open market sale)
Shares: -72 | Price: $105.11
Total Value: $7,567.92
Shares Owned After: 31,300 | 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 $104.94 to $105.44.
--- 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 $102.94 to $103.93.
F11: Represents the weighted average price of shares sold at prices that ranged from $103.94 to $104.89.
F12: Represents the weighted average price of shares sold at prices that ranged from $104.94 to $105.44.
F2: Represents the weighted average price of shares sold at prices that ranged from $105.67 to $106.66. 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 $106.70 to $107.66.
F4: Represents the weighted average price of shares sold at prices that ranged from $107.68 to $108.63.
F5: Represents the weighted average price of shares sold at prices that ranged from $108.69 to $109.65.
F6: Represents the weighted average price of shares sold at prices that ranged from $109.68 to $110.58.
F7: Represents the weighted average price of shares sold at prices that ranged from $110.69 to $111.37.
F8: Represents the weighted average price of shares sold at prices that ranged from $100.94 to $101.93.
F9: Represents the weighted average price of shares sold at prices that ranged from $101.94 to $102.93.
--- Signature ---
/s/ /s/ Emily Tan, attorney-in-fact for Yanjun Wang (2026-07-20)
