=== 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: Ye Gang
CIK: 0001729171
Role: Director, Officer (COO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-08-19 | Code: S (Open market sale)
Shares: -3,307 | Price: $115.87
Total Value: $383,182.09
Shares Owned After: 486,693 | 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 $115.35 to $116.22. 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: -4,100 | Price: $116.93
Total Value: $479,413.00
Shares Owned After: 482,593 | 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 $116.37 to $117.34.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-08-19 | Code: S (Open market sale)
Shares: -4,808 | Price: $117.82
Total Value: $566,478.56
Shares Owned After: 477,785 | 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 $117.36 to $118.35.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-08-19 | Code: S (Open market sale)
Shares: -3,593 | Price: $118.83
Total Value: $426,956.19
Shares Owned After: 474,192 | 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 $118.36 to $119.347.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-08-19 | Code: S (Open market sale)
Shares: -5,400 | Price: $119.66
Total Value: $646,164.00
Shares Owned After: 468,792 | 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 $119.35 to $120.04.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-08-20 | Code: S (Open market sale)
Shares: -4,181 | Price: $115.98
Total Value: $484,912.38
Shares Owned After: 464,611 | 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 $115.53 to $116.52.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-08-20 | Code: S (Open market sale)
Shares: -6,311 | Price: $117.07
Total Value: $738,828.77
Shares Owned After: 458,300 | 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 September 4, 2025.
[F8] Represents the weighted average price of shares sold at prices that ranged from $116.53 to $117.529.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-08-20 | Code: S (Open market sale)
Shares: -9,144 | Price: $117.74
Total Value: $1,076,614.56
Shares Owned After: 449,156 | 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 $117.53 to $118.38.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-08-20 | Code: S (Open market sale)
Shares: -364 | Price: $119.00
Total Value: $43,316.00
Shares Owned After: 448,792 | 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.
--- 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 $115.35 to $116.22. 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 $116.37 to $117.34.
F4: Represents the weighted average price of shares sold at prices that ranged from $117.36 to $118.35.
F5: Represents the weighted average price of shares sold at prices that ranged from $118.36 to $119.347.
F6: Represents the weighted average price of shares sold at prices that ranged from $119.35 to $120.04.
F7: Represents the weighted average price of shares sold at prices that ranged from $115.53 to $116.52.
F8: Represents the weighted average price of shares sold at prices that ranged from $116.53 to $117.529.
F9: Represents the weighted average price of shares sold at prices that ranged from $117.53 to $118.38.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Gang Ye (2026-08-21)
