=== 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: Wang Yanjun
CIK: 0002113214
Role: Officer (CCO and GC)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-07-24 | Code: S (Open market sale)
Shares: -294 | Price: $98.15
Total Value: $28,856.10
Shares Owned After: 26,206 | 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 $97.73 to $98.71. 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: -117 | Price: $99.34
Total Value: $11,622.78
Shares Owned After: 26,089 | 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 $98.73 to $99.70.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-07-24 | Code: S (Open market sale)
Shares: -738 | Price: $100.22
Total Value: $73,962.36
Shares Owned After: 25,351 | 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 $99.80 to $100.72.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-07-24 | Code: S (Open market sale)
Shares: -51 | Price: $100.81
Total Value: $5,141.31
Shares Owned After: 25,300 | 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 $100.73 to $100.89.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-07-27 | Code: S (Open market sale)
Shares: -248 | Price: $102.55
Total Value: $25,432.40
Shares Owned After: 25,052 | 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 $102.40 to $103.34.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-07-27 | Code: S (Open market sale)
Shares: -374 | Price: $104.21
Total Value: $38,974.54
Shares Owned After: 24,678 | 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 $103.54 to $104.39.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-07-27 | Code: S (Open market sale)
Shares: -578 | Price: $104.66
Total Value: $60,493.48
Shares Owned After: 24,100 | 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 $104.40 to $105.32.
--- 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.
F2: Represents the weighted average price of shares sold at prices that ranged from $97.73 to $98.71. 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 $99.70.
F4: Represents the weighted average price of shares sold at prices that ranged from $99.80 to $100.72.
F5: Represents the weighted average price of shares sold at prices that ranged from $100.73 to $100.89.
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 $103.54 to $104.39.
F8: Represents the weighted average price of shares sold at prices that ranged from $104.40 to $105.32.
--- Signature ---
/s/ /s/ Emily Tan, attorney-in-fact for Yanjun Wang (2026-07-28)
