=== 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: Wang Yanjun
CIK: 0002113214
Role: Officer (CCO and GC)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-08-31 | Code: S (Open market sale)
Shares: -600 | Price: $112.67
Total Value: $67,602.00
Shares Owned After: 18,000 | 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 $112.35 to $113.17. 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: -89 | Price: $114.10
Total Value: $10,154.90
Shares Owned After: 17,911 | 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 $113.47 to $114.33.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-08-31 | Code: S (Open market sale)
Shares: -685 | Price: $114.89
Total Value: $78,699.65
Shares Owned After: 17,226 | 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 $114.40 to $115.32.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-08-31 | Code: S (Open market sale)
Shares: -90 | Price: $115.86
Total Value: $10,427.40
Shares Owned After: 17,136 | 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 $115.39 to $116.28.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-08-31 | Code: S (Open market sale)
Shares: -18 | Price: $116.90
Total Value: $2,104.20
Shares Owned After: 17,118 | 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 $116.78 to $116.96.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-08-31 | Code: S (Open market sale)
Shares: -18 | Price: $117.58
Total Value: $2,116.44
Shares Owned After: 17,100 | 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.
[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: -500 | Price: $111.53
Total Value: $55,765.00
Shares Owned After: 16,600 | 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.
[F8] Represents the weighted average price of shares sold at prices that ranged from $111.10 to $112.01.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-09-01 | Code: S (Open market sale)
Shares: -380 | Price: $112.87
Total Value: $42,890.60
Shares Owned After: 16,220 | 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 $112.15 to $113.09.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-09-01 | Code: S (Open market sale)
Shares: -416 | Price: $113.51
Total Value: $47,220.16
Shares Owned After: 15,804 | 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 $113.12 to $114.09.
[Transaction #10]
Security: Class A ordinary shares
Date: 2026-09-01 | Code: S (Open market sale)
Shares: -204 | Price: $114.39
Total Value: $23,335.56
Shares Owned After: 15,600 | 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 $114.10 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 March 26, 2026.
F10: Represents the weighted average price of shares sold at prices that ranged from $113.12 to $114.09.
F11: Represents the weighted average price of shares sold at prices that ranged from $114.10 to $114.73.
F2: Represents the weighted average price of shares sold at prices that ranged from $112.35 to $113.17. 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 $113.47 to $114.33.
F4: Represents the weighted average price of shares sold at prices that ranged from $114.40 to $115.32.
F5: Represents the weighted average price of shares sold at prices that ranged from $115.39 to $116.28.
F6: Represents the weighted average price of shares sold at prices that ranged from $116.78 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 $111.10 to $112.01.
F9: Represents the weighted average price of shares sold at prices that ranged from $112.15 to $113.09.
--- Signature ---
/s/ /s/ Emily Tan, attorney-in-fact for Yanjun Wang (2026-09-02)
