=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-07-24
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: 2026-07-24 | Code: S (Open market sale)
Shares: -3,316 | Price: $98.18
Total Value: $325,564.88
Shares Owned After: 236,684 | 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 $97.73 to $98.725. 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: 2026-07-24 | Code: S (Open market sale)
Shares: -1,052 | Price: $99.31
Total Value: $104,474.12
Shares Owned After: 235,632 | 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 $98.73 to $99.69.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-07-24 | Code: S (Open market sale)
Shares: -15,020 | Price: $100.30
Total Value: $1,506,506.00
Shares Owned After: 220,612 | 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 $99.73 to $100.72.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-07-24 | Code: S (Open market sale)
Shares: -612 | Price: $100.82
Total Value: $61,701.84
Shares Owned After: 220,000 | 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 $100.75 to $100.92.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-07-27 | Code: S (Open market sale)
Shares: -10,600 | Price: $102.95
Total Value: $1,091,270.00
Shares Owned After: 209,400 | 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 $102.40 to $103.34.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-07-27 | Code: S (Open market sale)
Shares: -3,489 | Price: $104.22
Total Value: $363,623.58
Shares Owned After: 205,911 | 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 $103.55 to $104.39.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-07-27 | Code: S (Open market sale)
Shares: -5,911 | Price: $104.69
Total Value: $618,822.59
Shares Owned After: 200,000 | 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.
[F8] Represents the weighted average price of shares sold at prices that ranged from $104.40 to $105.34.
--- 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 $97.73 to $98.725. 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 $98.73 to $99.69.
F4: Represents the weighted average price of shares sold at prices that ranged from $99.73 to $100.72.
F5: Represents the weighted average price of shares sold at prices that ranged from $100.75 to $100.92.
F6: Represents the weighted average price of shares sold at prices that ranged from $102.40 to $103.34.
F7: Represents the weighted average price of shares sold at prices that ranged from $103.55 to $104.39.
F8: Represents the weighted average price of shares sold at prices that ranged from $104.40 to $105.34.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Gang Ye (2026-07-28)
