Sea Ltd CCO & GC Yanjun Wang Disposes 3,000 Shares via Rule 10b5-1 Plan

Executive Summary

On September 9, 2026, Sea Ltd ($SE) filed a Form 4 disclosing that Wang Yanjun, Chief Corporate Officer and General Counsel, sold a total of 3,000 Class A ordinary shares held indirectly via a BVI entity between September 4, 2026, and September 8, 2026. The aggregate proceeds totaled $339,065.74 at a volume-weighted average price of $113.02 per share.

Transaction Breakdown

• September 4, 2026:
  • 487 shares sold at $112.64
  • 898 shares sold at $113.51
  • 115 shares sold at $114.35
• September 8, 2026:
  • 217 shares sold at $110.83
  • 207 shares sold at $112.08
  • 612 shares sold at $113.01
  • 464 shares sold at $113.61

Context & Significance

• Trading Plan: Sales were executed under a pre-established Rule 10b5-1 trading plan adopted on March 26, 2026.
• Remaining Holdings: Following these transactions, the insider holds 9,600 shares indirectly via the BVI entity and 1,132,842 shares directly.
• Market Impact: Low. The disposition represents a tiny fraction (~0.26%) of the insider's combined holdings and was executed systematically under a 10b5-1 plan.