=== 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: Ye Gang
CIK: 0001729171
Role: Director, Officer (COO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-08-13 | Code: S (Open market sale)
Shares: -7,181 | Price: $122.57
Total Value: $880,175.17
Shares Owned After: 392,819 | 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 $121.93 to $122.92. 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: -7,989 | Price: $123.48
Total Value: $986,481.72
Shares Owned After: 384,830 | 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 $122.98 to $123.928.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-08-13 | Code: S (Open market sale)
Shares: -8,116 | Price: $124.38
Total Value: $1,009,468.08
Shares Owned After: 376,714 | 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 $123.93 to $124.89.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-08-13 | Code: S (Open market sale)
Shares: -3,900 | Price: $125.44
Total Value: $489,216.00
Shares Owned After: 372,814 | 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 $124.93 to $125.92.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-08-13 | Code: S (Open market sale)
Shares: -2,289 | Price: $126.51
Total Value: $289,581.39
Shares Owned After: 370,525 | 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 $125.93 to $126.83.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-08-13 | Code: S (Open market sale)
Shares: -525 | Price: $127.45
Total Value: $66,911.25
Shares Owned After: 370,000 | 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.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-08-14 | Code: S (Open market sale)
Shares: -11,733 | Price: $121.84
Total Value: $1,429,548.72
Shares Owned After: 358,267 | 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 $121.25 to $122.24.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-08-14 | Code: S (Open market sale)
Shares: -10,807 | Price: $122.66
Total Value: $1,325,586.62
Shares Owned After: 347,460 | 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 $122.26 to $123.25.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-08-14 | Code: S (Open market sale)
Shares: -6,381 | Price: $123.78
Total Value: $789,840.18
Shares Owned After: 341,079 | 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 $123.31 to $124.11.
[Transaction #10]
Security: Class A ordinary shares
Date: 2026-08-14 | Code: S (Open market sale)
Shares: -1,079 | Price: $124.64
Total Value: $134,486.56
Shares Owned After: 340,000 | 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 $124.42 to $125.00.
--- 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 $124.42 to $125.00.
F2: Represents the weighted average price of shares sold at prices that ranged from $121.93 to $122.92. 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 $122.98 to $123.928.
F4: Represents the weighted average price of shares sold at prices that ranged from $123.93 to $124.89.
F5: Represents the weighted average price of shares sold at prices that ranged from $124.93 to $125.92.
F6: Represents the weighted average price of shares sold at prices that ranged from $125.93 to $126.83.
F7: Represents the weighted average price of shares sold at prices that ranged from $121.25 to $122.24.
F8: Represents the weighted average price of shares sold at prices that ranged from $122.26 to $123.25.
F9: Represents the weighted average price of shares sold at prices that ranged from $123.31 to $124.11.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Gang Ye (2026-08-17)
