Sea Ltd (SE) COO Ye Gang Sells 40,000 Shares

What Happened
Sea Ltd (SE) COO and Director Ye Gang sold a total of 40,000 Sea ordinary shares in open-market transactions on September 15–16, 2026, generating aggregate proceeds of approximately $4,158,865. The individual trades were: 8,797 shares @ $103.33 ($908,994); 8,803 shares @ $103.85 ($914,192); 1,200 shares @ $105.13 ($126,156); 1,200 shares @ $106.03 ($127,236); 3,200 shares @ $103.12 ($329,984); 11,193 shares @ $103.96 ($1,163,624); and 5,607 shares @ $104.99 ($588,679). All transactions are coded “S” (sale).

Key Details

• Transaction dates: Sept 15–16, 2026; Form 4 filed Sept 17, 2026 (filed on time under SEC two-business-day rule).
• Aggregate shares sold: 40,000; aggregate proceeds: ~$4,158,865.
• Individual trade prices and proceeds listed above; several footnotes report weighted-average prices and price ranges (see next bullet).
• Footnotes: F1 — sales executed pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Ye Gang on May 21, 2026. F2–F8 — indicate weighted-average prices represent sales executed across specified price ranges (ranges available in the Form 4; detailed breakdown available on request).
• Shares owned after the transactions: not specified in the details provided here (refer to the filed Form 4 for reported post-transaction holdings).

Context
These were pre-planned sales under a 10b5-1 plan, which typically indicates the trades were automatic per a previously established arrangement rather than discretionary, and are generally treated by investors as routine. Sales (S) are generally less informative about current insider sentiment than purchases; there were no option exercises, awards, or gifts reported in this filing.