=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-09-11
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: 2026-09-11 | Code: S (Open market sale)
Shares: -660 | Price: $106.96
Total Value: $70,593.60
Shares Owned After: 6,420 | 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 $106.57 to $107.56. 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: 2026-09-11 | Code: S (Open market sale)
Shares: -475 | Price: $107.96
Total Value: $51,281.00
Shares Owned After: 5,945 | 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 $107.57 to $108.56.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-09-11 | Code: S (Open market sale)
Shares: -65 | Price: $108.75
Total Value: $7,068.75
Shares Owned After: 5,880 | 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 $108.57 to $109.08.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-09-14 | Code: S (Open market sale)
Shares: -144 | Price: $105.20
Total Value: $15,148.80
Shares Owned After: 5,736 | 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 $104.73 to $105.65.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-09-14 | Code: S (Open market sale)
Shares: -204 | Price: $106.20
Total Value: $21,664.80
Shares Owned After: 5,532 | 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 $105.75 to $106.66.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-09-14 | Code: S (Open market sale)
Shares: -96 | Price: $107.28
Total Value: $10,298.88
Shares Owned After: 5,436 | 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 $106.75 to $107.65.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-09-14 | Code: S (Open market sale)
Shares: -372 | Price: $108.42
Total Value: $40,332.24
Shares Owned After: 5,064 | 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.
[F8] Represents the weighted average price of shares sold at prices that ranged from $107.80 to $108.70.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-09-14 | Code: S (Open market sale)
Shares: -234 | Price: $109.10
Total Value: $25,529.40
Shares Owned After: 4,830 | 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 $108.73 to $109.65.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-09-14 | Code: S (Open market sale)
Shares: -450 | Price: $110.00
Total Value: $49,500.00
Shares Owned After: 4,380 | 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 $109.73 to $110.07.
--- 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 $109.73 to $110.07.
F2: Represents the weighted average price of shares sold at prices that ranged from $106.57 to $107.56. 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 $107.57 to $108.56.
F4: Represents the weighted average price of shares sold at prices that ranged from $108.57 to $109.08.
F5: Represents the weighted average price of shares sold at prices that ranged from $104.73 to $105.65.
F6: Represents the weighted average price of shares sold at prices that ranged from $105.75 to $106.66.
F7: Represents the weighted average price of shares sold at prices that ranged from $106.75 to $107.65.
F8: Represents the weighted average price of shares sold at prices that ranged from $107.80 to $108.70.
F9: Represents the weighted average price of shares sold at prices that ranged from $108.73 to $109.65.
--- Signature ---
/s/ /s/ Emily Tan, attorney-in-fact for Yanjun Wang (2026-09-15)
