=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-09-15
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: 2026-09-15 | Code: S (Open market sale)
Shares: -534 | Price: $103.33
Total Value: $55,178.22
Shares Owned After: 3,846 | 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 $102.61 to $103.60. 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: 2026-09-15 | Code: S (Open market sale)
Shares: -516 | Price: $103.87
Total Value: $53,596.92
Shares Owned After: 3,330 | 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 $103.61 to $104.60.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-09-15 | Code: S (Open market sale)
Shares: -66 | Price: $105.07
Total Value: $6,934.62
Shares Owned After: 3,264 | 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 $104.70 to $105.48.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-09-15 | Code: S (Open market sale)
Shares: -84 | Price: $106.00
Total Value: $8,904.00
Shares Owned After: 3,180 | 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 $105.66 to $106.49.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-09-16 | Code: S (Open market sale)
Shares: -150 | Price: $103.04
Total Value: $15,456.00
Shares Owned After: 3,030 | 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 $102.57 to $103.47.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-09-16 | Code: S (Open market sale)
Shares: -785 | Price: $103.97
Total Value: $81,616.45
Shares Owned After: 2,245 | 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 $103.61 to $104.56.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-09-16 | Code: S (Open market sale)
Shares: -265 | Price: $104.99
Total Value: $27,822.35
Shares Owned After: 1,980 | 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 $104.57 to $105.30.
--- 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 $102.61 to $103.60. 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 $103.61 to $104.60.
F4: Represents the weighted average price of shares sold at prices that ranged from $104.70 to $105.48.
F5: Represents the weighted average price of shares sold at prices that ranged from $105.66 to $106.49.
F6: Represents the weighted average price of shares sold at prices that ranged from $102.57 to $103.47.
F7: Represents the weighted average price of shares sold at prices that ranged from $103.61 to $104.56.
F8: Represents the weighted average price of shares sold at prices that ranged from $104.57 to $105.30.
--- Signature ---
/s/ /s/ Emily Tan, attorney-in-fact for Yanjun Wang (2026-09-17)
