Form 4: Sea Ltd COO Ye Gang Reports Share Transactions

Sea Ltd's COO and 10% owner, Ye Gang, reported an acquisition of 1,866 Class A ordinary shares and a sale of 10,000 shares under a Rule 10b5-1 plan.

Summary

• Ye Gang, Chief Operating Officer and a 10% owner of Sea Ltd, reported changes in beneficial ownership of Class A ordinary shares.
• On March 31, 2026, 1,866 Class A ordinary shares were acquired at a price of $85.74 per share. Following this transaction, direct beneficial ownership stands at 22,396,405 shares.
• On April 1, 2026, 10,000 Class A ordinary shares were sold at a weighted average price of $84.28 per share, with prices ranging from $83.89 to $84.71.
• This sale was executed by a British Virgin Islands (BVI) entity controlled by Ye Gang, pursuant to a Rule 10b5-1 trading plan adopted on September 4, 2025.
• Following the sale, indirect beneficial ownership through the BVI entity is 410,000 shares.
• The net effect of these transactions is a decrease of 8,134 shares in total beneficial ownership.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as neutral. While there's a net disposition of shares, the transaction is minor relative to total holdings and was executed under a pre-arranged 10b5-1 plan, which mitigates concerns about negative insider sentiment.

Positives

• Acquisition of 1,866 Class A ordinary shares by Ye Gang, indicating continued personal investment in the company.

Negatives

• Disposition of 10,000 Class A ordinary shares, representing a net reduction of 8,134 shares in total beneficial ownership.

Future Outlook

NA

Management Comments

• The sale of 10,000 shares was executed pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Ye Gang on September 4, 2025.
• Ye Gang undertakes to provide full information regarding the number of shares sold at each separate price upon request.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those executed under a Rule 10b5-1 plan, are generally viewed as less indicative of immediate sentiment compared to open market, unplanned trades. While a net disposition occurred, the pre-planned nature suggests a systematic approach to liquidity or portfolio management rather than a reaction to new, undisclosed information.

Related Party Transactions

• The disposition of 10,000 shares was conducted by a BVI entity controlled by the reporting person, Ye Gang.

Stakeholder Impact

• Shareholders: Minor impact as these are routine insider transactions, with a net disposition of 8,134 shares, which is a small fraction of the company's outstanding shares and the insider's total holdings.

Key Dates

Recommendation

The reported transactions are routine insider filings, with a net disposition of a relatively small number of shares executed under a pre-planned 10b5-1 program. Such transactions typically do not signal a significant shift in company fundamentals or insider sentiment that would warrant a change in investment recommendation based solely on this filing.

Keywords

Sea Ltd, SE, Ye Gang, Insider Trading, Form 4, Share Transaction, COO, 10b5-1 Plan, Equity, Beneficial Ownership