=== 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: Wang Yanjun
CIK: 0002113214
Role: Officer (CCO and GC)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-07-22 | Code: S (Open market sale)
Shares: -60 | Price: $103.51
Total Value: $6,210.60
Shares Owned After: 28,840 | 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 $103.10 to $104.01. 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: -568 | Price: $104.75
Total Value: $59,498.00
Shares Owned After: 28,272 | 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 $104.11 to $105.09.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-07-22 | Code: S (Open market sale)
Shares: -468 | Price: $105.60
Total Value: $49,420.80
Shares Owned After: 27,804 | 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 $105.11 to $106.10.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-07-22 | Code: S (Open market sale)
Shares: -104 | Price: $106.25
Total Value: $11,050.00
Shares Owned After: 27,700 | 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 March 26, 2026.
[F5] Represents the weighted average price of shares sold at prices that ranged from $106.10 to $106.71.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-07-23 | Code: S (Open market sale)
Shares: -435 | Price: $99.91
Total Value: $43,460.85
Shares Owned After: 27,265 | 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 $99.33 to $100.32.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-07-23 | Code: S (Open market sale)
Shares: -361 | Price: $100.61
Total Value: $36,320.21
Shares Owned After: 26,904 | 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 $100.33 to $101.15.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-07-23 | Code: S (Open market sale)
Shares: -27 | Price: $101.80
Total Value: $2,748.60
Shares Owned After: 26,877 | 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 $101.51 to $102.30.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-07-23 | Code: S (Open market sale)
Shares: -146 | Price: $102.82
Total Value: $15,011.72
Shares Owned After: 26,731 | 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 $102.33 to $103.32.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-07-23 | Code: S (Open market sale)
Shares: -230 | Price: $103.71
Total Value: $23,853.30
Shares Owned After: 26,501 | 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 $103.33 to $104.25.
[Transaction #10]
Security: Class A ordinary shares
Date: 2026-07-23 | Code: S (Open market sale)
Shares: -1 | Price: $104.40
Total Value: $104.40
Shares Owned After: 26,500 | 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.
--- 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 $103.33 to $104.25.
F2: Represents the weighted average price of shares sold at prices that ranged from $103.10 to $104.01. 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 $104.11 to $105.09.
F4: Represents the weighted average price of shares sold at prices that ranged from $105.11 to $106.10.
F5: Represents the weighted average price of shares sold at prices that ranged from $106.10 to $106.71.
F6: Represents the weighted average price of shares sold at prices that ranged from $99.33 to $100.32.
F7: Represents the weighted average price of shares sold at prices that ranged from $100.33 to $101.15.
F8: Represents the weighted average price of shares sold at prices that ranged from $101.51 to $102.30.
F9: Represents the weighted average price of shares sold at prices that ranged from $102.33 to $103.32.
--- Signature ---
/s/ /s/ Emily Tan, attorney-in-fact for Yanjun Wang (2026-07-24)
