A Form 4 filed on September 21, 2026 discloses that Wang Yanjun, Chief Compliance Officer and General Counsel of Sea Ltd (NYSE:SE), disposed of Class A ordinary shares on September 17 and 18, 2026, through a BVI entity controlled by the reporting person, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Wang Yanjun, identified as CCO and GC of Sea Ltd.
  • Transaction dates: Sales occurred on September 17 and September 18, 2026.
  • Total shares sold: 2,400 Class A ordinary shares disposed of across seven transactions, all coded "S" (sale).
  • Price range: Weighted average sale prices ranged from $100.29 to $104.76 per share across the reported transactions.
  • Post-transaction indirect ownership: Following the reported sales, the BVI entity held 98,780 Class A ordinary shares indirectly; the reporting person also holds 1,033,642 Class A ordinary shares directly.
  • 10b5-1 plan: Sales were made pursuant to a Rule 10b5-1 trading plan adopted by the BVI entity on March 26, 2026, according to the filing.

Sea Ltd Officer Share Disposals: Transaction Details and Ownership After Sales

According to the filing, Wang Yanjun, serving as CCO and General Counsel, disposed of Class A ordinary shares of Sea Ltd through a BVI entity that he controls. All seven sale transactions were executed under a Rule 10b5-1 trading plan that the BVI entity adopted on March 26, 2026. The filing notes that the reporting person "hereby 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 September 17, 2026, four separate sales were reported: 767 shares at a weighted average price of $101.20, 379 shares at $101.95, 30 shares at $102.81, and 24 shares at $104.76. Each of these prices represents a weighted average across a stated intra-day range. On September 18, 2026, three additional sales were reported: 332 shares at a weighted average of $100.29, 162 shares at $101.10, and 706 shares at $101.88. The filing discloses the corresponding price ranges for each weighted average figure.

Following all reported transactions, the BVI entity held 98,780 Class A ordinary shares indirectly. In addition, the filing separately reports that Wang Yanjun holds 1,033,642 Class A ordinary shares directly. The Form 4 was signed by Emily Tan as attorney-in-fact for Yanjun Wang and was filed on September 21, 2026.

What Was Disclosed

Sea Ltd's CCO and General Counsel Wang Yanjun, through a controlled BVI entity, sold a total of 2,400 Class A ordinary shares on September 17-18, 2026, under a pre-established Rule 10b5-1 trading plan, with post-sale indirect holdings of 98,780 shares and direct holdings of 1,033,642 shares.