Sea Ltd CCO & GC Sells 2,000 Shares Under Rule 10b5-1 Plan

Executive Summary

On October 5, 2026, Sea Ltd ($SE) Chief Corporate Officer and General Counsel Yanjun Wang filed a Form 4 disclosing the sale of 2,000 Class A ordinary shares between October 1 and October 2, 2026. The sales were executed indirectly via a British Virgin Islands entity controlled by Wang pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on March 26, 2026.

Transaction Breakdown

The transactions were executed across several tranches:

• Oct 1, 2026:
  • 272 shares at a weighted average price of $94.38 ($25,671.36)
  • 604 shares at a weighted average price of $95.17 ($57,482.68)
  • 124 shares at a weighted average price of $95.99 ($11,902.76)
• Oct 2, 2026:
  • 679 shares at a weighted average price of $94.86 ($64,409.94)
  • 295 shares at a weighted average price of $95.70 ($28,231.50)
  • 26 shares at a weighted average price of $96.36 ($2,505.36)

In total, 2,000 shares were sold for aggregate gross proceeds of approximately $190,203.60, with a weighted average price of ~$95.10 per share.

Holding Status

Following these transactions, Wang retains:

• Indirect Ownership: 87,780 Class A ordinary shares held through the BVI entity.
• Direct Ownership: 1,033,642 Class A ordinary shares.

The 2,000 shares sold represent less than 0.2% of Wang's combined equity holdings in Sea Ltd.

Significance Assessment

The overall trading significance is evaluated as Low. The transaction was executed strictly according to an established Rule 10b5-1 trading plan and represents a negligible fraction of the officer's cumulative equity ownership.