=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-09-04
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: 2026-09-04 | Code: S (Open market sale)
Shares: -487 | Price: $112.64
Total Value: $54,855.68
Shares Owned After: 12,113 | 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 $112.13 to $113.127. 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: 2026-09-04 | Code: S (Open market sale)
Shares: -898 | Price: $113.51
Total Value: $101,931.98
Shares Owned After: 11,215 | 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 $113.13 to $114.11.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-09-04 | Code: S (Open market sale)
Shares: -115 | Price: $114.35
Total Value: $13,150.25
Shares Owned After: 11,100 | 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.
[F4] Represents the weighted average price of shares sold at prices that ranged from $114.13 to $114.72.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -217 | Price: $110.83
Total Value: $24,050.11
Shares Owned After: 10,883 | 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 $110.31 to $111.25.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -207 | Price: $112.08
Total Value: $23,200.56
Shares Owned After: 10,676 | 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 $111.42 to $112.29.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -612 | Price: $113.01
Total Value: $69,162.12
Shares Owned After: 10,064 | 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 March 26, 2026.
[F7] Represents the weighted average price of shares sold at prices that ranged from $112.31 to $113.30.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -464 | Price: $113.61
Total Value: $52,715.04
Shares Owned After: 9,600 | 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 $113.31 to $114.09.
--- 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.
F2: Represents the weighted average price of shares sold at prices that ranged from $112.13 to $113.127. 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 $113.13 to $114.11.
F4: Represents the weighted average price of shares sold at prices that ranged from $114.13 to $114.72.
F5: Represents the weighted average price of shares sold at prices that ranged from $110.31 to $111.25.
F6: Represents the weighted average price of shares sold at prices that ranged from $111.42 to $112.29.
F7: Represents the weighted average price of shares sold at prices that ranged from $112.31 to $113.30.
F8: Represents the weighted average price of shares sold at prices that ranged from $113.31 to $114.09.
--- Signature ---
/s/ /s/ Emily Tan, attorney-in-fact for Yanjun Wang (2026-09-09)
