Sea Ltd COO Gang Ye Disposes of 40,000 Shares Under Rule 10b5-1 Plan

Insider Transaction Summary: Sea Ltd ($SE)

Executive Overview

On September 9, 2026, Gang Ye, Chief Operating Officer and Director of Sea Ltd ($SE), filed a Form 4 disclosing the sale of 40,000 Class A ordinary shares across multiple transactions on September 4, 2026, and September 8, 2026. The sales generated aggregate proceeds of approximately $4.52 million at a weighted average price of $113.01 per share.

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Transaction Breakdown

All transactions were executed indirectly via a British Virgin Islands (BVI) entity controlled by the reporting person:

• September 4, 2026:

  • 6,481 shares sold at a weighted average price of $112.66
  • 12,129 shares sold at a weighted average price of $113.52
  • 1,390 shares sold at a weighted average price of $114.34
  • Subtotal: 20,000 shares sold for ~$2.27M

• September 8, 2026:

  • 2,722 shares sold at a weighted average price of $110.72
  • 2,020 shares sold at a weighted average price of $111.87
  • 6,495 shares sold at a weighted average price of $112.80
  • 8,763 shares sold at a weighted average price of $113.49
  • Subtotal: 20,000 shares sold for ~$2.25M

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Post-Transaction Holdings

• Indirect Ownership (via BVI entity): 758,792 Class A ordinary shares
• Direct Ownership: 20,396,405 Class A ordinary shares
• Combined Remaining Stake: 21,155,197 Class A ordinary shares

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Strategic & Market Analysis

• Rule 10b5-1 Trading Plan: The sales were conducted pursuant to a pre-established Rule 10b5-1 trading plan adopted on September 4, 2025, exactly one year prior to execution.
• Significance Assessment: Low. The 40,000 shares sold represent less than 0.2% of Gang Ye's total direct and indirect equity stake (>21.15 million shares). The transaction reflects routine liquidity management under an established plan rather than an unscripted sentiment change regarding the issuer.