=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-19
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: 2026-08-19 | Code: S (Open market sale)
Shares: -253 | Price: $115.91
Total Value: $29,325.23
Shares Owned After: 30,347 | 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 $115.42 to $116.41. 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: 2026-08-19 | Code: S (Open market sale)
Shares: -282 | Price: $116.97
Total Value: $32,985.54
Shares Owned After: 30,065 | 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 $116.42 to $117.41.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-08-19 | Code: S (Open market sale)
Shares: -417 | Price: $117.90
Total Value: $49,164.30
Shares Owned After: 29,648 | 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 $117.43 to $118.41.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-08-19 | Code: S (Open market sale)
Shares: -272 | Price: $119.01
Total Value: $32,370.72
Shares Owned After: 29,376 | 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 $118.42 to $119.41.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-08-19 | Code: S (Open market sale)
Shares: -276 | Price: $119.58
Total Value: $33,004.08
Shares Owned After: 29,100 | 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.
[F6] Represents the weighted average price of shares sold at prices that ranged from $119.42 to $119.99.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-08-20 | Code: S (Open market sale)
Shares: -362 | Price: $116.09
Total Value: $42,024.58
Shares Owned After: 28,738 | 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 $115.63 to $116.627.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-08-20 | Code: S (Open market sale)
Shares: -493 | Price: $117.18
Total Value: $57,769.74
Shares Owned After: 28,245 | 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 $116.63 to $117.628.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-08-20 | Code: S (Open market sale)
Shares: -618 | Price: $117.75
Total Value: $72,769.50
Shares Owned After: 27,627 | 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 $117.63 to $118.04.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-08-20 | Code: S (Open market sale)
Shares: -27 | Price: $119.00
Total Value: $3,213.00
Shares Owned After: 27,600 | 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.
F2: Represents the weighted average price of shares sold at prices that ranged from $115.42 to $116.41. 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 $116.42 to $117.41.
F4: Represents the weighted average price of shares sold at prices that ranged from $117.43 to $118.41.
F5: Represents the weighted average price of shares sold at prices that ranged from $118.42 to $119.41.
F6: Represents the weighted average price of shares sold at prices that ranged from $119.42 to $119.99.
F7: Represents the weighted average price of shares sold at prices that ranged from $115.63 to $116.627.
F8: Represents the weighted average price of shares sold at prices that ranged from $116.63 to $117.628.
F9: Represents the weighted average price of shares sold at prices that ranged from $117.63 to $118.04.
--- Signature ---
/s/ /s/ Emily Tan, attorney-in-fact for Yanjun Wang (2026-08-21)
