=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-13
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: Sea Ltd (SE)
CIK: 0001703399
--- Reporting Owner ---
Name: Zhao Feng
CIK: 0002113138
Role: Officer (President of Garena)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-08-13 | Code: S (Open market sale)
Shares: -463 | Price: $122.55
Total Value: $56,740.65
Shares Owned After: 145,537 | 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 December 26, 2025.
[F2] Represents the weighted average price of shares sold at prices that ranged from $121.90 to $122.84. 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: 2026-08-13 | Code: S (Open market sale)
Shares: -465 | Price: $123.37
Total Value: $57,367.05
Shares Owned After: 145,072 | 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 December 26, 2025.
[F3] Represents the weighted average price of shares sold at prices that ranged from $122.91 to $123.895.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-08-13 | Code: S (Open market sale)
Shares: -635 | Price: $124.32
Total Value: $78,943.20
Shares Owned After: 144,437 | 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 December 26, 2025.
[F4] Represents the weighted average price of shares sold at prices that ranged from $123.90 to $124.89.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-08-13 | Code: S (Open market sale)
Shares: -210 | Price: $125.29
Total Value: $26,310.90
Shares Owned After: 144,227 | 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 December 26, 2025.
[F5] Represents the weighted average price of shares sold at prices that ranged from $124.92 to $125.84.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-08-13 | Code: S (Open market sale)
Shares: -192 | Price: $126.38
Total Value: $24,264.96
Shares Owned After: 144,035 | 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 December 26, 2025.
[F6] Represents the weighted average price of shares sold at prices that ranged from $125.93 to $126.88.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-08-13 | Code: S (Open market sale)
Shares: -35 | Price: $127.45
Total Value: $4,460.75
Shares Owned After: 144,000 | 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 December 26, 2025.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-08-14 | Code: S (Open market sale)
Shares: -2,000 | Price: $124.05
Total Value: $248,100.00
Shares Owned After: 142,000 | 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 December 26, 2025.
[F7] Represents the weighted average price of shares sold at prices that ranged from $123.66 to $124.45.
--- 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 December 26, 2025.
F2: Represents the weighted average price of shares sold at prices that ranged from $121.90 to $122.84. 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 $122.91 to $123.895.
F4: Represents the weighted average price of shares sold at prices that ranged from $123.90 to $124.89.
F5: Represents the weighted average price of shares sold at prices that ranged from $124.92 to $125.84.
F6: Represents the weighted average price of shares sold at prices that ranged from $125.93 to $126.88.
F7: Represents the weighted average price of shares sold at prices that ranged from $123.66 to $124.45.
--- Signature ---
/s/ /s/ Emily Tan, attorney-in-fact for Feng Zhao (2026-08-17)
