=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-31
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: 2026-08-31 | Code: S (Open market sale)
Shares: -6,014 | Price: $112.48
Total Value: $676,454.72
Shares Owned After: 292,778 | 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 $111.97 to $112.94. 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: 2026-08-31 | Code: S (Open market sale)
Shares: -786 | Price: $113.32
Total Value: $89,069.52
Shares Owned After: 291,992 | 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 $113.00 to $113.82.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-08-31 | Code: S (Open market sale)
Shares: -6,607 | Price: $114.63
Total Value: $757,360.41
Shares Owned After: 285,385 | 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 $114.06 to $114.96.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-08-31 | Code: S (Open market sale)
Shares: -5,493 | Price: $115.17
Total Value: $632,628.81
Shares Owned After: 279,892 | 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 $114.97 to $115.92.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-08-31 | Code: S (Open market sale)
Shares: -900 | Price: $116.42
Total Value: $104,778.00
Shares Owned After: 278,992 | 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 $115.99 to $116.96.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-08-31 | Code: S (Open market sale)
Shares: -200 | Price: $117.63
Total Value: $23,526.00
Shares Owned After: 278,792 | 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.
[F7] Represents the weighted average price of shares sold at prices that ranged from $117.49 to $117.77.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-09-01 | Code: S (Open market sale)
Shares: -3,616 | Price: $111.72
Total Value: $403,979.52
Shares Owned After: 275,176 | 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 $111.30 to $112.28.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-09-01 | Code: S (Open market sale)
Shares: -5,012 | Price: $112.99
Total Value: $566,305.88
Shares Owned After: 270,164 | 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 $112.34 to $113.295.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-09-01 | Code: S (Open market sale)
Shares: -8,032 | Price: $113.70
Total Value: $913,238.40
Shares Owned After: 262,132 | 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 $113.30 to $114.29.
[Transaction #10]
Security: Class A ordinary shares
Date: 2026-09-01 | Code: S (Open market sale)
Shares: -3,340 | Price: $114.46
Total Value: $382,296.40
Shares Owned After: 258,792 | 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.
[F11] Represents the weighted average price of shares sold at prices that ranged from $114.30 to $114.73.
--- 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 $113.30 to $114.29.
F11: Represents the weighted average price of shares sold at prices that ranged from $114.30 to $114.73.
F2: Represents the weighted average price of shares sold at prices that ranged from $111.97 to $112.94. 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 $113.00 to $113.82.
F4: Represents the weighted average price of shares sold at prices that ranged from $114.06 to $114.96.
F5: Represents the weighted average price of shares sold at prices that ranged from $114.97 to $115.92.
F6: Represents the weighted average price of shares sold at prices that ranged from $115.99 to $116.96.
F7: Represents the weighted average price of shares sold at prices that ranged from $117.49 to $117.77.
F8: Represents the weighted average price of shares sold at prices that ranged from $111.30 to $112.28.
F9: Represents the weighted average price of shares sold at prices that ranged from $112.34 to $113.295.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Gang Ye (2026-09-02)
