=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-07-22
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: 2026-07-22 | Code: S (Open market sale)
Shares: -1,092 | Price: $103.52
Total Value: $113,043.84
Shares Owned After: 278,908 | 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 $103.12 to $104.11. 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: 2026-07-22 | Code: S (Open market sale)
Shares: -7,318 | Price: $104.69
Total Value: $766,121.42
Shares Owned After: 271,590 | 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 $104.14 to $105.11.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-07-22 | Code: S (Open market sale)
Shares: -9,952 | Price: $105.59
Total Value: $1,050,831.68
Shares Owned After: 261,638 | 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 $105.12 to $106.119.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-07-22 | Code: S (Open market sale)
Shares: -1,638 | Price: $106.29
Total Value: $174,103.02
Shares Owned After: 260,000 | 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 $106.12 to $106.69.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-07-23 | Code: S (Open market sale)
Shares: -7,866 | Price: $99.98
Total Value: $786,442.68
Shares Owned After: 252,134 | 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 $99.33 to $100.325.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-07-23 | Code: S (Open market sale)
Shares: -5,893 | Price: $100.62
Total Value: $592,953.66
Shares Owned After: 246,241 | 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 $100.33 to $101.16.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-07-23 | Code: S (Open market sale)
Shares: -419 | Price: $101.81
Total Value: $42,658.39
Shares Owned After: 245,822 | 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 $101.52 to $102.18.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-07-23 | Code: S (Open market sale)
Shares: -2,744 | Price: $102.88
Total Value: $282,302.72
Shares Owned After: 243,078 | 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 $102.33 to $103.32.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-07-23 | Code: S (Open market sale)
Shares: -3,078 | Price: $103.68
Total Value: $319,127.04
Shares Owned After: 240,000 | 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.
[F10] Represents the weighted average price of shares sold at prices that ranged from $103.34 to $104.26.
--- 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 $103.34 to $104.26.
F2: Represents the weighted average price of shares sold at prices that ranged from $103.12 to $104.11. 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 $104.14 to $105.11.
F4: Represents the weighted average price of shares sold at prices that ranged from $105.12 to $106.119.
F5: Represents the weighted average price of shares sold at prices that ranged from $106.12 to $106.69.
F6: Represents the weighted average price of shares sold at prices that ranged from $99.33 to $100.325.
F7: Represents the weighted average price of shares sold at prices that ranged from $100.33 to $101.16.
F8: Represents the weighted average price of shares sold at prices that ranged from $101.52 to $102.18.
F9: Represents the weighted average price of shares sold at prices that ranged from $102.33 to $103.32.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Gang Ye (2026-07-24)
