=== 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: Ye Gang
CIK: 0001729171
Role: Director, Officer (COO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-09-15 | Code: S (Open market sale)
Shares: -8,797 | Price: $103.33
Total Value: $908,994.01
Shares Owned After: 669,995 | 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 $102.61 to $103.605. 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: -8,803 | Price: $103.85
Total Value: $914,191.55
Shares Owned After: 661,192 | 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 $103.61 to $104.60.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-09-15 | Code: S (Open market sale)
Shares: -1,200 | Price: $105.13
Total Value: $126,156.00
Shares Owned After: 659,992 | 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.
[F4] Represents the weighted average price of shares sold at prices that ranged from $104.70 to $105.56.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-09-15 | Code: S (Open market sale)
Shares: -1,200 | Price: $106.03
Total Value: $127,236.00
Shares Owned After: 658,792 | 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.
[F5] Represents the weighted average price of shares sold at prices that ranged from $105.71 to $106.49.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-09-16 | Code: S (Open market sale)
Shares: -3,200 | Price: $103.12
Total Value: $329,984.00
Shares Owned After: 655,592 | 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.
[F6] Represents the weighted average price of shares sold at prices that ranged from $102.57 to $103.55.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-09-16 | Code: S (Open market sale)
Shares: -11,193 | Price: $103.96
Total Value: $1,163,624.28
Shares Owned After: 644,399 | 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 $103.57 to $104.56.
[Transaction #7]
Security: Class A ordinary shares
Date: 2026-09-16 | Code: S (Open market sale)
Shares: -5,607 | Price: $104.99
Total Value: $588,678.93
Shares Owned After: 638,792 | 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.
[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 May 21, 2026.
F2: Represents the weighted average price of shares sold at prices that ranged from $102.61 to $103.605. 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 $105.56.
F5: Represents the weighted average price of shares sold at prices that ranged from $105.71 to $106.49.
F6: Represents the weighted average price of shares sold at prices that ranged from $102.57 to $103.55.
F7: Represents the weighted average price of shares sold at prices that ranged from $103.57 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/ Mark Tang, attorney-in-fact for Gang Ye (2026-09-17)
