Wang Yanjun, Chief Compliance Officer and General Counsel of Sea Ltd (NYSE:SE), filed a Form 4 on August 19, 2026, disclosing the sale of Class A ordinary shares across seven transactions on August 17 and 18, 2026, executed through a BVI entity he controls.

Key Highlights

  • Total shares sold: 3,000 Class A ordinary shares were disposed of across seven transactions on August 17 and 18, 2026.
  • Price range: Weighted average sale prices ranged from $115.46 to $121.21 per share across the reported transactions.
  • Indirect ownership: All sold shares were held indirectly through a BVI entity controlled by Wang Yanjun.
  • Remaining indirect position: Following the transactions, the BVI entity held 30,600 Class A ordinary shares indirectly.
  • Direct holdings: Wang Yanjun also reported 1,132,842 Class A ordinary shares held directly, unchanged by these transactions.
  • Rule 10b5-1 plan: The sales were made pursuant to a Rule 10b5-1 trading plan adopted by the BVI entity on March 26, 2026.

Wang Yanjun's Share Sales Under a Pre-Established Trading Plan

According to the filing, Wang Yanjun, who serves as CCO and General Counsel of Sea Ltd, disposed of a combined 3,000 Class A ordinary shares on August 17 and 18, 2026. The filing indicates all transactions were carried out indirectly through a BVI entity controlled by the reporting person, pursuant to a Rule 10b5-1 trading plan that the BVI entity adopted on March 26, 2026.

On August 17, 2026, three separate sales occurred: 1,248 shares at a weighted average price of $119.74 (ranging from $119.16 to $120.15), 241 shares at a weighted average of $120.52 (ranging from $120.16 to $121.05), and 11 shares at a weighted average of $121.21 (ranging from $121.19 to $121.24). On August 18, 2026, four additional sales took place: 177 shares at $115.46 (ranging from $114.98 to $115.89), 980 shares at $116.59 (ranging from $115.98 to $116.97), 290 shares at $117.27 (ranging from $116.98 to $117.96), and 53 shares at $118.20 (ranging from $118.00 to $118.34).

After these transactions, the BVI entity's indirect holding stood at 30,600 Class A ordinary shares. The filing also notes a separate direct holding of 1,132,842 Class A ordinary shares attributed to Wang Yanjun, which was not affected by the reported disposals. The filing was signed by Emily Tan as attorney-in-fact for Yanjun Wang on August 19, 2026. The reporting person undertook to provide full price-level detail upon request to the SEC staff, the issuer, or a security holder.

What Was Disclosed

Sea Ltd's CCO and General Counsel disclosed the sale of 3,000 Class A ordinary shares indirectly through a BVI entity on August 17 and 18, 2026, under a pre-established Rule 10b5-1 trading plan, leaving 30,600 shares in the indirect holding and 1,132,842 shares held directly.