=== 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: Ye Gang
CIK: 0001729171
Role: Director, Officer (COO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-07-16 | Code: S (Open market sale)
Shares: -4,199 | Price: $106.28
Total Value: $446,269.72
Shares Owned After: 355,801 | 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 $105.70 to $106.6995. 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: -5,778 | Price: $107.29
Total Value: $619,921.62
Shares Owned After: 350,023 | 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 $106.703 to $107.69.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-07-16 | Code: S (Open market sale)
Shares: -2,877 | Price: $108.01
Total Value: $310,744.77
Shares Owned After: 347,146 | 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 $107.70 to $108.69.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-07-16 | Code: S (Open market sale)
Shares: -3,611 | Price: $109.15
Total Value: $394,140.65
Shares Owned After: 343,535 | 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 $108.70 to $109.67.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-07-16 | Code: S (Open market sale)
Shares: -2,639 | Price: $110.14
Total Value: $290,659.46
Shares Owned After: 340,896 | 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 $109.70 to $110.69.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-07-16 | Code: S (Open market sale)
Shares: -896 | Price: $110.95
Total Value: $99,411.20
Shares Owned After: 340,000 | 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.
[F7] Represents the weighted average price of shares sold at prices that ranged from $110.70 to $111.20.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-07-17 | Code: S (Open market sale)
Shares: -3,932 | Price: $101.44
Total Value: $398,862.08
Shares Owned After: 336,068 | 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 $100.86 to $101.85.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-07-17 | Code: S (Open market sale)
Shares: -4,519 | Price: $102.40
Total Value: $462,745.60
Shares Owned After: 331,549 | 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 $101.86 to $102.85.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-07-17 | Code: S (Open market sale)
Shares: -5,039 | Price: $103.45
Total Value: $521,284.55
Shares Owned After: 326,510 | 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 $102.87 to $103.85.
[Transaction #10]
Security: Class A ordinary shares
Date: 2026-07-17 | Code: S (Open market sale)
Shares: -4,810 | Price: $104.29
Total Value: $501,634.90
Shares Owned After: 321,700 | 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 $103.86 to $104.85.
[Transaction #11]
Security: Class A ordinary shares
Date: 2026-07-17 | Code: S (Open market sale)
Shares: -1,700 | Price: $105.06
Total Value: $178,602.00
Shares Owned After: 320,000 | 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 $104.86 to $105.41.
--- 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 $102.87 to $103.85.
F11: Represents the weighted average price of shares sold at prices that ranged from $103.86 to $104.85.
F12: Represents the weighted average price of shares sold at prices that ranged from $104.86 to $105.41.
F2: Represents the weighted average price of shares sold at prices that ranged from $105.70 to $106.6995. 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 $106.703 to $107.69.
F4: Represents the weighted average price of shares sold at prices that ranged from $107.70 to $108.69.
F5: Represents the weighted average price of shares sold at prices that ranged from $108.70 to $109.67.
F6: Represents the weighted average price of shares sold at prices that ranged from $109.70 to $110.69.
F7: Represents the weighted average price of shares sold at prices that ranged from $110.70 to $111.20.
F8: Represents the weighted average price of shares sold at prices that ranged from $100.86 to $101.85.
F9: Represents the weighted average price of shares sold at prices that ranged from $101.86 to $102.85.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Gang Ye (2026-07-20)
