=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-07-20
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: 2026-07-20 | Code: S (Open market sale)
Shares: -9,200 | Price: $105.92
Total Value: $974,464.00
Shares Owned After: 310,800 | 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 $105.48 to $106.47. 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: 2026-07-20 | Code: S (Open market sale)
Shares: -8,000 | Price: $107.06
Total Value: $856,480.00
Shares Owned After: 302,800 | 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 $106.51 to $107.46.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-07-20 | Code: S (Open market sale)
Shares: -2,800 | Price: $107.64
Total Value: $301,392.00
Shares Owned After: 300,000 | 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.
[F4] Represents the weighted average price of shares sold at prices that ranged from $107.48 to $107.82.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-07-21 | Code: S (Open market sale)
Shares: -15,712 | Price: $106.01
Total Value: $1,665,629.12
Shares Owned After: 284,288 | 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 $105.48 to $106.46.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-07-21 | Code: S (Open market sale)
Shares: -3,143 | Price: $106.83
Total Value: $335,766.69
Shares Owned After: 281,145 | 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 $106.48 to $107.43.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-07-21 | Code: S (Open market sale)
Shares: -1,145 | Price: $107.87
Total Value: $123,511.15
Shares Owned After: 280,000 | 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 $107.84 to $107.94.
--- 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.
F2: Represents the weighted average price of shares sold at prices that ranged from $105.48 to $106.47. 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 $106.51 to $107.46.
F4: Represents the weighted average price of shares sold at prices that ranged from $107.48 to $107.82.
F5: Represents the weighted average price of shares sold at prices that ranged from $105.48 to $106.46.
F6: Represents the weighted average price of shares sold at prices that ranged from $106.48 to $107.43.
F7: Represents the weighted average price of shares sold at prices that ranged from $107.84 to $107.94.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Gang Ye (2026-07-22)
