Form 4: Sea Ltd CCO Sells Shares Under 10b5-1 Plan

Sea Ltd's Chief Commercial Officer and General Counsel, Yanjun Wang, sold 1,600 Class A ordinary shares through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Yanjun Wang, the Chief Commercial Officer and General Counsel of Sea Ltd (SE), reported the sale of Class A ordinary shares.
• A total of 1,600 Class A ordinary shares were sold across five separate transactions on March 30 and March 31, 2026.
• The sales were executed at weighted average prices ranging from $78.45 to $82.58 per share.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Mr. Wang on September 4, 2025.
• Following these sales, Mr. Wang beneficially owns 30,000 Class A ordinary shares indirectly through a BVI entity and 1,220,976 Class A ordinary shares directly, totaling 1,250,976 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale is a routine insider transaction executed under a pre-arranged 10b5-1 plan, which typically minimizes any negative sentiment associated with insider selling.

Industry Context

StockSavvy.ai notes that insider sales executed under a Rule 10b5-1 plan are common and typically do not signal a change in management's outlook on the company's prospects, as these plans are pre-scheduled to avoid accusations of trading on material non-public information.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in the insider's overall beneficial ownership, but given it's a 10b5-1 plan, it's unlikely to be interpreted as a lack of confidence.

Key Dates

Keywords

Sea Ltd, SE, Insider Trading, Form 4, Share Sale, 10b5-1 Plan, Yanjun Wang, CCO, General Counsel