=== 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: Wang Yanjun
CIK: 0002113214
Role: Officer (CCO and GC)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-08-25 | Code: S (Open market sale)
Shares: -287 | Price: $117.67
Total Value: $33,771.29
Shares Owned After: 24,313 | 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 $117.00 to $117.995. 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: -389 | Price: $118.37
Total Value: $46,045.93
Shares Owned After: 23,924 | 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 $118.00 to $118.89.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-08-25 | Code: S (Open market sale)
Shares: -194 | Price: $119.46
Total Value: $23,175.24
Shares Owned After: 23,730 | 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 $119.01 to $119.98.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-08-25 | Code: S (Open market sale)
Shares: -118 | Price: $120.49
Total Value: $14,217.82
Shares Owned After: 23,612 | 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 $120.01 to $120.96.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-08-25 | Code: S (Open market sale)
Shares: -197 | Price: $121.60
Total Value: $23,955.20
Shares Owned After: 23,415 | 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 $121.00 to $121.96.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-08-25 | Code: S (Open market sale)
Shares: -178 | Price: $122.69
Total Value: $21,838.82
Shares Owned After: 23,237 | 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 $122.15 to $122.997.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-08-25 | Code: S (Open market sale)
Shares: -137 | Price: $123.17
Total Value: $16,874.29
Shares Owned After: 23,100 | 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.
[F8] Represents the weighted average price of shares sold at prices that ranged from $123.00 to $123.30.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-08-26 | Code: S (Open market sale)
Shares: -795 | Price: $119.23
Total Value: $94,787.85
Shares Owned After: 22,305 | 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 $118.61 to $119.60.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-08-26 | Code: S (Open market sale)
Shares: -407 | Price: $120.06
Total Value: $48,864.42
Shares Owned After: 21,898 | 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.
[F10] Represents the weighted average price of shares sold at prices that ranged from $119.61 to $120.60.
[Transaction #10]
Security: Class A ordinary shares
Date: 2026-08-26 | Code: S (Open market sale)
Shares: -298 | Price: $121.02
Total Value: $36,063.96
Shares Owned After: 21,600 | 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.
[F11] Represents the weighted average price of shares sold at prices that ranged from $120.61 to $121.37.
--- 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.
F10: Represents the weighted average price of shares sold at prices that ranged from $119.61 to $120.60.
F11: Represents the weighted average price of shares sold at prices that ranged from $120.61 to $121.37.
F2: Represents the weighted average price of shares sold at prices that ranged from $117.00 to $117.995. 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 $118.89.
F4: Represents the weighted average price of shares sold at prices that ranged from $119.01 to $119.98.
F5: Represents the weighted average price of shares sold at prices that ranged from $120.01 to $120.96.
F6: Represents the weighted average price of shares sold at prices that ranged from $121.00 to $121.96.
F7: Represents the weighted average price of shares sold at prices that ranged from $122.15 to $122.997.
F8: Represents the weighted average price of shares sold at prices that ranged from $123.00 to $123.30.
F9: Represents the weighted average price of shares sold at prices that ranged from $118.61 to $119.60.
--- Signature ---
/s/ /s/ Emily Tan, attorney-in-fact for Yanjun Wang (2026-08-27)
