Hou Tianyu 4

What Happened
Hou Tianyu, Chief Financial Officer of Sea Ltd (SE), reported the sale of 15,000 Sea ADSs on July 17, 2026 in a series of open-market transactions. The individual trades reported were: 2,840 shares at $101.48 ($288,203), 2,177 shares at $102.54 ($223,230), 5,887 shares at $103.51 ($609,363), 3,136 shares at $104.35 ($327,242), and 960 shares at $105.11 ($100,906), for total proceeds of about $1,548,944. These were sales (not purchases or option exercises), which are often routine portfolio transactions.

Key Details

• Transaction date: July 17, 2026. Filing date: July 20, 2026 (appears timely under the Form 4 two-business-day rule).
• Sizes and reported prices: 15,000 shares sold in five blocks (see amounts and per-block proceeds above).
• Price ranges (per footnotes): sales occurred across price bands roughly $100.95–$105.44; the reported per-block prices are weighted averages within those ranges.
• Plan: Sales were made pursuant to a Rule 10b5-1 trading plan adopted March 19, 2026 by a BVI entity controlled by the reporting person (footnote F1).
• Shares owned after the transaction: not provided in the information supplied in this summary.

Context
A 10b5-1 plan typically establishes pre-set selling instructions and is intended to reduce concerns about trading on nonpublic information; it does not by itself indicate the insider’s current view of the company. Sales are generally less informative than purchases for signaling insider confidence. This filing reports direct open-market dispositions (code S), not option exercises, awards, or gifts.