Wang Yanjun, Chief Compliance Officer and General Counsel of Sea Ltd (NYSE:SE), filed a Form 4 on August 21, 2026, disclosing the sale of Class A ordinary shares on August 19 and 20, 2026, through a BVI entity under a Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Wang Yanjun, CCO and General Counsel of Sea Ltd
  • Shares sold: A total of 2,700 Class A ordinary shares disposed of across nine transactions on August 19 and 20, 2026
  • Price range: Weighted average sale prices ranged from $115.91 to $119.58 per share across the reported transactions
  • Post-transaction ownership: 27,600 Class A ordinary shares held indirectly via a BVI entity, plus 1,132,842 Class A ordinary shares held directly
  • 10b5-1 plan: All sales were made pursuant to a Rule 10b5-1 trading plan adopted by the BVI entity on March 26, 2026
  • Indirect ownership: All sold shares were held indirectly through a BVI entity controlled by the reporting person

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

According to the filing, Wang Yanjun disposed of Class A ordinary shares of Sea Ltd across two trading days, August 19 and August 20, 2026. All nine sale transactions were executed through a BVI entity controlled by Wang Yanjun, with shares classified as indirectly owned. The filing states that each sale was made "pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on March 26, 2026."

On August 19, 2026, five separate transactions disposed of 253, 282, 417, 272, and 276 shares, at weighted average prices of $115.91, $116.97, $117.90, $119.01, and $119.58, respectively. Each reported price represents a weighted average across a stated range, and the filing notes that Wang Yanjun "undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4."

On August 20, 2026, four additional transactions disposed of 362, 493, 618, and 27 shares at weighted average prices of $116.09, $117.18, $117.75, and $119.00, respectively. Following all reported transactions, the BVI entity held 27,600 Class A ordinary shares indirectly. Separately, the filing also reflects 1,132,842 Class A ordinary shares held directly by the reporting person, with no transactions reported on those directly held shares. The Form 4 was signed by Emily Tan as attorney-in-fact for Yanjun Wang.

What Was Disclosed

Sea Ltd officer Wang Yanjun reported the disposition of 2,700 Class A ordinary shares across nine transactions on August 19-20, 2026, all executed through a BVI entity under a pre-established Rule 10b5-1 plan, leaving 27,600 shares held indirectly and 1,132,842 shares held directly.