Wang Yanjun, Chief Compliance Officer and General Counsel of Sea Ltd, filed a Form 4 on October 29, 2026, disclosing share option exercises and sales of Class A ordinary shares occurring on October 27 and 28, 2026.

Key Highlights

  • Option exercise: Wang Yanjun exercised 300,000 share options (right to buy) at an exercise price of $15 per share on October 27, 2026, adding those shares directly to beneficial ownership.
  • Direct holdings after exercise: Following the transaction, Wang Yanjun held 1,333,642 Class A ordinary shares directly.
  • Plan-based sales: A BVI entity controlled by the reporting person sold a total of 1,600 Class A ordinary shares across four transactions on October 27 and 28, 2026, pursuant to a Rule 10b5-1 trading plan adopted March 26, 2026.
  • Sale prices: Weighted average sale prices across the four transactions ranged from $74.47 to $75.22 per share, with individual share prices spanning $73.87 to $75.51.
  • Indirect holdings after sales: The BVI entity held 71,180 Class A ordinary shares indirectly following the reported transactions.
  • Remaining derivative securities: Wang Yanjun holds 600,000 share options (right to buy) directly, with an exercise price of $15 and an expiration date of February 28, 2028, according to the filing.

Wang Yanjun's October 2026 Option Exercise and Share Sales at Sea Ltd

According to the filing, Wang Yanjun, serving as CCO and General Counsel of Sea Ltd (NYSE:SE), exercised 300,000 fully exercisable share options on October 27, 2026. The options were originally granted on February 28, 2018, carry an exercise price of $15 per share, and are classified as share options (right to buy). The filing reports the price of the derivative security as $0 and notes that 600,000 share options remain directly held following the transaction, expiring February 28, 2028.

Separately, a BVI entity controlled by Wang Yanjun sold Class A ordinary shares on both October 27 and October 28, 2026, under a Rule 10b5-1 trading plan that the entity adopted on March 26, 2026. The filing reports four sale transactions: 708 shares at a weighted average price of $74.69 and 92 shares at $75.22 on October 27, followed by 524 shares at $74.47 and 276 shares at $75.12 on October 28. The filing notes that each reported price is a weighted average and that full information on individual transaction prices within each range is available upon request to the SEC, the issuer, or a security holder.

After all reported transactions, the filing states that Wang Yanjun directly held 1,333,642 Class A ordinary shares, while the BVI entity indirectly held 71,180 Class A ordinary shares. The Form 4 was signed by Emily Tan as attorney-in-fact for Yanjun Wang and dated October 29, 2026.

What Was Disclosed

The filing discloses an option exercise of 300,000 shares at $15 and four separate sales totaling 1,600 Class A ordinary shares by a controlled BVI entity under a pre-existing Rule 10b5-1 plan, with resulting direct and indirect beneficial ownership positions reported.