Sea Ltd CCO & GC Yanjun Wang Executes Scheduled Sale Under Rule 10b5-1 Plan

Transaction Summary

On October 19, 2026, a Form 4 filing revealed that Yanjun Wang, Chief Corporate Officer and General Counsel of Sea Ltd ($SE), disposed of 2,000 Class A ordinary shares across multiple tranches on October 15 and October 16, 2026.

• Total Shares Sold: 2,000
• Weighted Average Sale Price: ~$96.15 (ranging from $94.12 to $99.20)
• Aggregate Proceeds: ~$192,299.73
• Ownership Structure: Indirectly held via a BVI entity controlled by the reporting person.
• Remaining Holdings: 77,780 Class A ordinary shares indirectly held via the BVI entity, in addition to 1,033,642 shares held directly.

Execution Details & Rule 10b5-1 Plan

The disposals were executed pursuant to a pre-established Rule 10b5-1 trading plan adopted by the BVI entity on March 26, 2026. Sales took place across multiple price tranches:

• October 15, 2026: 152 shares at $95.87, 613 shares at $96.83, and 235 shares at $97.62 (1,000 shares total).
• October 16, 2026: 411 shares at $94.12, 134 shares at $95.24, 268 shares at $96.09, 133 shares at $97.04, 32 shares at $98.24, and 22 shares at $99.20 (1,000 shares total).

Significance Assessment

The transaction is categorized as Low significance. The sales were programmatic, relatively modest in volume (representing less than 0.2% of the insider's combined direct and indirect equity stake), and executed in accordance with a pre-arranged Rule 10b5-1 trading plan.