=== 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: Ye Gang
CIK: 0001729171
Role: Director, Officer (COO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-09-11 | Code: S (Open market sale)
Shares: -9,855 | Price: $106.92
Total Value: $1,053,696.60
Shares Owned After: 708,937 | 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 May 21, 2026.
[F2] Represents the weighted average price of shares sold at prices that ranged from $106.53 to $107.52. 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: -8,945 | Price: $107.95
Total Value: $965,612.75
Shares Owned After: 699,992 | 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 May 21, 2026.
[F3] Represents the weighted average price of shares sold at prices that ranged from $107.53 to $108.51.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-09-11 | Code: S (Open market sale)
Shares: -1,200 | Price: $108.72
Total Value: $130,464.00
Shares Owned After: 698,792 | 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 May 21, 2026.
[F4] Represents the weighted average price of shares sold at prices that ranged from $108.54 to $109.09.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-09-14 | Code: S (Open market sale)
Shares: -2,700 | Price: $105.32
Total Value: $284,364.00
Shares Owned After: 696,092 | 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 May 21, 2026.
[F5] Represents the weighted average price of shares sold at prices that ranged from $104.90 to $105.87.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-09-14 | Code: S (Open market sale)
Shares: -2,800 | Price: $106.28
Total Value: $297,584.00
Shares Owned After: 693,292 | 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 May 21, 2026.
[F6] Represents the weighted average price of shares sold at prices that ranged from $105.95 to $106.75.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-09-14 | Code: S (Open market sale)
Shares: -1,500 | Price: $107.34
Total Value: $161,010.00
Shares Owned After: 691,792 | 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 May 21, 2026.
[F7] Represents the weighted average price of shares sold at prices that ranged from $106.90 to $107.80.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-09-14 | Code: S (Open market sale)
Shares: -7,900 | Price: $108.53
Total Value: $857,387.00
Shares Owned After: 683,892 | 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 May 21, 2026.
[F8] Represents the weighted average price of shares sold at prices that ranged from $108.01 to $108.88.
[Transaction #8]
Security: Class A ordinary shares
Date: 2026-09-14 | Code: S (Open market sale)
Shares: -3,300 | Price: $109.30
Total Value: $360,690.00
Shares Owned After: 680,592 | 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 May 21, 2026.
[F9] Represents the weighted average price of shares sold at prices that ranged from $108.90 to $109.89.
[Transaction #9]
Security: Class A ordinary shares
Date: 2026-09-14 | Code: S (Open market sale)
Shares: -1,800 | Price: $109.98
Total Value: $197,964.00
Shares Owned After: 678,792 | 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 May 21, 2026.
[F10] Represents the weighted average price of shares sold at prices that ranged from $109.90 to $110.10.
--- 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 May 21, 2026.
F10: Represents the weighted average price of shares sold at prices that ranged from $109.90 to $110.10.
F2: Represents the weighted average price of shares sold at prices that ranged from $106.53 to $107.52. 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 $107.53 to $108.51.
F4: Represents the weighted average price of shares sold at prices that ranged from $108.54 to $109.09.
F5: Represents the weighted average price of shares sold at prices that ranged from $104.90 to $105.87.
F6: Represents the weighted average price of shares sold at prices that ranged from $105.95 to $106.75.
F7: Represents the weighted average price of shares sold at prices that ranged from $106.90 to $107.80.
F8: Represents the weighted average price of shares sold at prices that ranged from $108.01 to $108.88.
F9: Represents the weighted average price of shares sold at prices that ranged from $108.90 to $109.89.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Gang Ye (2026-09-15)
