4Filing Date: Oct 5, 2026

Sea 4: President sells 40K shares for $3.8M (Oct 5, 2026)

Statement of Changes in Beneficial Ownership

View SEC Filing
ACC: 0001193125-26-413061
Total Value$3.80M
Trades4
Insiders1

Transaction Details

Zhao Feng
President of Garena·Indirect · By BVI entity
Sell · Dispose
Class A ordinary shares
Shares-7.46K
Price$96.04
Total Value$716.7K
Shares Owned After93.58K
Transaction DateOct 1, 2026
10b5-1
Footnotes ▸

The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on June 29, 2026. | Represents the weighted average price of shares sold at prices that ranged from $95.76 to $96.58.

Zhao Feng
President of Garena·Indirect · By BVI entity
Sell · Dispose
Class A ordinary shares
Shares-15.15K
Price$95.20
Total Value$1.44M
Shares Owned After101.04K
Transaction DateOct 1, 2026
10b5-1
Footnotes ▸

The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on June 29, 2026. | Represents the weighted average price of shares sold at prices that ranged from $94.76 to $95.75.

Zhao Feng
President of Garena·Indirect · By BVI entity
Sell · Dispose
Class A ordinary shares
Shares-17.39K
Price$94.43
Total Value$1.64M
Shares Owned After116.19K
Transaction DateOct 1, 2026
10b5-1
Footnotes ▸

The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on June 29, 2026. | Represents the weighted average price of shares sold at prices that ranged from $93.76 to $94.75. 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.

Zhao Feng
President of Garena·Direct
Class A ordinary shares
Shares0
Price-
Total Value$0
Shares Owned After1.69M
10b5-1Holding Only

Post-Transaction Holdings

Zhao Feng · President of Garena
SecuritySharesChange
Class A ordinary shares1.78M-40.00K (-2.19%)
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Deep Analysis

Sea Ltd President of Garena Zhao Feng sold 40,000 Class A shares for $3.80M under a Rule 10b5-1 plan, cutting his indirect BVI-held stake roughly 30% — a straight sale with no option exercise attached.

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Original SEC Filing Textexpand_more
=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-10-01 10b5-1 Pre-arranged Plan: Yes --- Issuer --- Name: Sea Ltd (SE) CIK: 0001703399 --- Reporting Owner --- Name: Zhao Feng CIK: 0002113138 Role: Officer (President of Garena) --- Non-Derivative Transactions --- [Transaction #1] Security: Class A ordinary shares Date: 2026-10-01 | Code: S (Open market sale) Shares: -17,391 | Price: $94.43 Total Value: $1,642,232.13 Shares Owned After: 116,189 | 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 29, 2026. [F2] Represents the weighted average price of shares sold at prices that ranged from $93.76 to $94.75. 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: 2026-10-01 | Code: S (Open market sale) Shares: -15,146 | Price: $95.20 Total Value: $1,441,899.20 Shares Owned After: 101,043 | 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 29, 2026. [F3] Represents the weighted average price of shares sold at prices that ranged from $94.76 to $95.75. [Transaction #3] Security: Class A ordinary shares Date: 2026-10-01 | Code: S (Open market sale) Shares: -7,463 | Price: $96.04 Total Value: $716,746.52 Shares Owned After: 93,580 | 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 29, 2026. [F4] Represents the weighted average price of shares sold at prices that ranged from $95.76 to $96.58. --- 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 29, 2026. F2: Represents the weighted average price of shares sold at prices that ranged from $93.76 to $94.75. 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 $94.76 to $95.75. F4: Represents the weighted average price of shares sold at prices that ranged from $95.76 to $96.58. --- Signature --- /s/ /s/ Emily Tan, attorney-in-fact for Feng Zhao (2026-10-05)

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