Sea Ltd CCO & GC Yanjun Wang Sells $338K in Class A Shares Under 10b5-1 Plan

Executive Summary

On September 4, 2026, Sea Ltd ($SE) filed a Form 4 disclosing that Yanjun Wang, Chief Corporate Officer and General Counsel, executed sales totaling 3,000 Class A ordinary shares across September 2 and September 3, 2026. The sales generated aggregate proceeds of approximately $338,631.23 at a weighted average price of $112.88 per share.

Transaction Details

• Security: Class A ordinary shares
• Dates of Execution: September 2, 2026 – September 3, 2026
• Shares Sold:
  • Sept 2: 655 shares @ $112.24
  • Sept 2: 845 shares @ $112.67
  • Sept 3: 132 shares @ $112.07
  • Sept 3: 828 shares @ $113.08
  • Sept 3: 540 shares @ $113.86
• Ownership Form: Indirect (held through a BVI entity controlled by the reporting person)
• Rule 10b5-1 Adoption: The trades were executed under a pre-established Rule 10b5-1 plan adopted on March 26, 2026.

Holdings Context

Following these transactions, the insider indirectly retains 12,600 Class A shares via the BVI entity and holds 1,132,842 Class A shares directly. The 3,000 shares sold represent less than 0.3% of the insider's total beneficial ownership, indicating minimal overall portfolio change.