Sea Ltd COO and Director Ye Gang filed a Form 4 on October 29, 2026, reporting the exercise of 1,650,000 share options in Class A ordinary shares on October 27, 2026.

Key Highlights

  • Reporting person: Ye Gang, serving as both Director and Chief Operating Officer of Sea Ltd (NYSE:SE)
  • Transaction: 1,650,000 Class A ordinary shares acquired via option exercise (transaction code X) on October 27, 2026
  • Exercise price: $15 per share
  • Options origin: Share options were granted on February 28, 2018, and are described as fully exercisable
  • Direct beneficial ownership following transaction: 22,046,405 Class A ordinary shares held directly
  • Indirect ownership: An additional 598,792 Class A ordinary shares held indirectly through a BVI entity
  • Post-exercise derivative position: 0 share options remaining following the reported transaction

Ye Gang Option Exercise Details and Resulting Ownership in Sea Ltd

According to the filing, Ye Gang, who is identified as both a Director and COO of Sea Ltd (NYSE:SE), exercised 1,650,000 share options on October 27, 2026. The options carried an exercise price of $15 per share. The filing notes that these options were originally granted on February 28, 2018, and were fully exercisable at the time of the transaction. The transaction code recorded is X, corresponding to an exercise of in-the-money or at-the-money options.

Following the exercise, Ye Gang directly holds 22,046,405 Class A ordinary shares, according to Table I of the filing. In addition, the filing discloses an indirect holding of 598,792 Class A ordinary shares through a BVI entity. The derivative securities table reports that the number of share options beneficially owned following the transaction is 0, with a recorded price of $0 for the derivative security at exercise, and the options' expiration date is listed as February 28, 2028.

The Form 4 was signed by Mark Tang as attorney-in-fact for Gang Ye and submitted to the SEC on October 29, 2026. The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1(c) plan, as that checkbox was not checked.

What Was Disclosed

Ye Gang, COO and Director of Sea Ltd, disclosed the exercise of 1,650,000 fully exercisable share options at $15 per share on October 27, 2026, resulting in direct ownership of 22,046,405 Class A ordinary shares, plus 598,792 shares held indirectly through a BVI entity.