Sea Ltd COO Gang Ye Sells $4.3M in Class A Shares Under Rule 10b5-1 Plan

Executive Summary

On September 15, 2026, Sea Ltd ($SE) Chief Operating Officer and Director Gang Ye reported the open-market sale of 40,000 Class A ordinary shares across September 11 and September 14, 2026. The sales generated gross proceeds of approximately $4.31 million at a volume-weighted average price of roughly $107.72 per share.

Transaction Breakdown

• Execution Dates: September 11, 2026 (20,000 shares) and September 14, 2026 (20,000 shares).
• Price Range: Prices ranged between $104.90 and $110.10 across multiple tranches.
• Structure: The sales were executed indirectly through a British Virgin Islands (BVI) entity controlled by the reporting person.
• Trading Plan: Executed pursuant to a Rule 10b5-1 trading plan established on May 21, 2026.

Holdings Analysis

Following these transactions, Gang Ye retains indirect ownership of 678,792 Class A ordinary shares via the BVI entity, in addition to direct ownership of 20,396,405 Class A ordinary shares. The 40,000 shares disposed of represent less than 0.2% of his total reported equity holdings in Sea Ltd.

Market & Governance Context

Because these transactions were scheduled under a pre-established Rule 10b5-1 trading plan and comprise a minor fraction of the insider's multi-million share position, they represent routine liquidity management rather than a discretionary signal on company outlook.