Wang Yanjun, Chief Compliance Officer and General Counsel of Sea Ltd (NYSE: SE), filed a Form 4 on August 3, 2026, disclosing the sale of a total of 2,400 Class A ordinary shares across six transactions on July 30 and July 31, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Wang Yanjun, CCO and General Counsel of Sea Ltd, filed the statement.
  • Shares sold: A total of 2,400 Class A ordinary shares were disposed of across six sale transactions over July 30-31, 2026.
  • Weighted average prices: Sale prices ranged from $103.86 to $107.53, with individual transaction weighted averages of $104.44, $105.47, $105.97, $106.02, $106.94, and $107.44.
  • Rule 10b5-1 plan: All sales were made pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person on March 26, 2026.
  • Remaining indirect ownership: Following the transactions, the BVI entity holds 19,000 Class A ordinary shares indirectly; the reporting person also holds 1,162,442 Class A ordinary shares directly.
  • Ownership form: The sold and remaining shares reported in the six transactions are held indirectly through a BVI entity controlled by Wang Yanjun.

Wang Yanjun's Rule 10b5-1 Sales of Sea Ltd Class A Shares

According to the filing, Wang Yanjun disposed of Class A ordinary shares of Sea Ltd on two consecutive trading days. On July 30, 2026, three separate sale transactions were recorded: 175 shares at a weighted average price of $104.44 (range $103.86 to $104.855), 849 shares at a weighted average price of $105.47 (range $104.86 to $105.85), and 176 shares at a weighted average price of $105.97 (range $105.86 to $106.25). After these three transactions, the BVI entity's indirect holding stood at 20,200 shares.

On July 31, 2026, three further transactions were reported: 248 shares at a weighted average of $106.02 (range $105.41 to $106.40), 926 shares at a weighted average of $106.94 (range $106.41 to $107.39), and 26 shares at a weighted average of $107.44 (range $107.41 to $107.53). Following these disposals, the BVI entity's indirect beneficial ownership in Class A ordinary shares was reduced to 19,000 shares, according to the filing.

The filing notes that all six transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by the BVI entity controlled by the reporting person on March 26, 2026. The filing also discloses that Wang Yanjun directly owns 1,162,442 Class A ordinary shares, which were not part of the reported transactions. The filing states that full details of shares sold at each separate price within the reported ranges will be provided upon request to the SEC staff, the issuer, or a security holder.

What Was Disclosed

Wang Yanjun, CCO and General Counsel of Sea Ltd, reported the sale of 2,400 Class A ordinary shares held indirectly through a BVI entity over July 30-31, 2026, under a pre-established Rule 10b5-1 plan, with weighted average sale prices between $104.44 and $107.44.