=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-25
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: 2026-08-25 | Code: S (Open market sale)
Shares: -2,696 | Price: $117.70
Total Value: $317,319.20
Shares Owned After: 406,096 | 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 $117.00 to $117.9988. 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: 2026-08-25 | Code: S (Open market sale)
Shares: -6,654 | Price: $118.32
Total Value: $787,301.28
Shares Owned After: 399,442 | 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 $118.00 to $118.87.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-08-25 | Code: S (Open market sale)
Shares: -2,464 | Price: $119.44
Total Value: $294,300.16
Shares Owned After: 396,978 | 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 $119.01 to $119.999.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-08-25 | Code: S (Open market sale)
Shares: -11,725 | Price: $120.14
Total Value: $1,408,641.50
Shares Owned After: 385,253 | 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 $120.00 to $120.95.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-08-25 | Code: S (Open market sale)
Shares: -2,419 | Price: $121.65
Total Value: $294,271.35
Shares Owned After: 382,834 | 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 $121.01 to $121.96.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-08-25 | Code: S (Open market sale)
Shares: -1,770 | Price: $122.60
Total Value: $217,002.00
Shares Owned After: 381,064 | 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 $122.14 to $123.00.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-08-25 | Code: S (Open market sale)
Shares: -2,272 | Price: $123.17
Total Value: $279,842.24
Shares Owned After: 378,792 | 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.
[F8] Represents the weighted average price of shares sold at prices that ranged from $123.05 to $123.42.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-08-26 | Code: S (Open market sale)
Shares: -10,454 | Price: $119.23
Total Value: $1,246,430.42
Shares Owned After: 368,338 | 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 $118.64 to $119.63.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-08-26 | Code: S (Open market sale)
Shares: -10,039 | Price: $120.28
Total Value: $1,207,490.92
Shares Owned After: 358,299 | 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 $119.64 to $120.63.
[Transaction #10]
Security: Class A ordinary shares
Date: 2026-08-26 | Code: S (Open market sale)
Shares: -9,397 | Price: $121.13
Total Value: $1,138,258.61
Shares Owned After: 348,902 | 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.
[F11] Represents the weighted average price of shares sold at prices that ranged from $120.64 to $121.44.
[Transaction #11]
Security: Class A ordinary shares
Date: 2026-08-26 | Code: S (Open market sale)
Shares: -110 | Price: $121.68
Total Value: $13,384.80
Shares Owned After: 348,792 | 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.
F10: Represents the weighted average price of shares sold at prices that ranged from $119.64 to $120.63.
F11: Represents the weighted average price of shares sold at prices that ranged from $120.64 to $121.44.
F2: Represents the weighted average price of shares sold at prices that ranged from $117.00 to $117.9988. 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 $118.00 to $118.87.
F4: Represents the weighted average price of shares sold at prices that ranged from $119.01 to $119.999.
F5: Represents the weighted average price of shares sold at prices that ranged from $120.00 to $120.95.
F6: Represents the weighted average price of shares sold at prices that ranged from $121.01 to $121.96.
F7: Represents the weighted average price of shares sold at prices that ranged from $122.14 to $123.00.
F8: Represents the weighted average price of shares sold at prices that ranged from $123.05 to $123.42.
F9: Represents the weighted average price of shares sold at prices that ranged from $118.64 to $119.63.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Gang Ye (2026-08-27)
