Sea Ltd CCO and GC Reports Routine Rule 10b5-1 Share Sales

Executive Summary

On October 1, 2026, Sea Ltd ($SE) officer Wang Yanjun (Chief Corporate Officer and General Counsel) filed a Form 4 disclosing the sale of 2,000 Class A ordinary shares held indirectly through a British Virgin Islands (BVI) entity. The transactions took place across September 29 and September 30, 2026, generating gross proceeds of approximately $196,101.47.

Transaction Breakdown

• September 29, 2026:
  • 636 shares sold at a weighted average price of $98.18 ($62,442.48)
  • 364 shares sold at a weighted average price of $98.88 ($35,992.32)
• September 30, 2026:
  • 933 shares sold at a weighted average price of $97.61 ($91,070.13)
  • 67 shares sold at a weighted average price of $98.52 ($6,600.84)
• Aggregate Volume: 2,000 shares
• Blended Average Price: ~$98.05 per share

Nature of Holdings & Trading Plan

The sales were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on March 26, 2026, by a BVI entity controlled by Wang Yanjun. Following these transactions, the reporting person continues to hold 89,780 shares indirectly via the BVI entity, in addition to 1,033,642 shares held directly.

Significance & Market Impact

Given that the sales represent less than 0.2% of Wang Yanjun's total direct and indirect equity holdings (over 1.12 million shares) and were scheduled systematically under a Rule 10b5-1 plan, this filing carries low informational and market significance.