=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-09-21
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: Sea Ltd (SE)
CIK: 0001703399
--- Reporting Owner ---
Name: Chen Jingye
CIK: 0001965706
Role: Officer (CPO, Shopee)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A ordinary shares
Date: 2026-09-21 | Code: S (Open market sale)
Shares: -3,800 | Price: $100.77
Total Value: $382,926.00
Shares Owned After: 56,200 | 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 June 10, 2026.
[F2] Represents the weighted average price of shares sold at prices that ranged from $100.31 to $101.30. 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: 2026-09-21 | Code: S (Open market sale)
Shares: -12,792 | Price: $101.86
Total Value: $1,302,993.12
Shares Owned After: 43,408 | 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 June 10, 2026.
[F3] Represents the weighted average price of shares sold at prices that ranged from $101.31 to $102.308.
[Transaction #3]
Security: Class A ordinary shares
Date: 2026-09-21 | Code: S (Open market sale)
Shares: -13,294 | Price: $102.68
Total Value: $1,365,027.92
Shares Owned After: 30,114 | 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 June 10, 2026.
[F4] Represents the weighted average price of shares sold at prices that ranged from $102.31 to $103.30.
[Transaction #4]
Security: Class A ordinary shares
Date: 2026-09-21 | Code: S (Open market sale)
Shares: -114 | Price: $103.33
Total Value: $11,779.62
Shares Owned After: 30,000 | 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 June 10, 2026.
[F5] Represents the weighted average price of shares sold at prices that ranged from $103.32 to $103.36.
[Transaction #5]
Security: Class A ordinary shares
Date: 2026-09-22 | Code: S (Open market sale)
Shares: -10,488 | Price: $102.85
Total Value: $1,078,690.80
Shares Owned After: 19,512 | 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 June 10, 2026.
[F6] Represents the weighted average price of shares sold at prices that ranged from $102.42 to $103.40.
[Transaction #6]
Security: Class A ordinary shares
Date: 2026-09-22 | Code: S (Open market sale)
Shares: -19,512 | Price: $103.82
Total Value: $2,025,735.84
Shares Owned After: 0 | 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 June 10, 2026.
[F7] Represents the weighted average price of shares sold at prices that ranged from $103.42 to $104.40.
--- 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 June 10, 2026.
F2: Represents the weighted average price of shares sold at prices that ranged from $100.31 to $101.30. 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 $101.31 to $102.308.
F4: Represents the weighted average price of shares sold at prices that ranged from $102.31 to $103.30.
F5: Represents the weighted average price of shares sold at prices that ranged from $103.32 to $103.36.
F6: Represents the weighted average price of shares sold at prices that ranged from $102.42 to $103.40.
F7: Represents the weighted average price of shares sold at prices that ranged from $103.42 to $104.40.
--- Signature ---
/s/ /s/ Mark Tang, attorney-in-fact for Jingye Chen (2026-09-23)
