Sea Ltd Chief Financial Officer Hou Tianyu filed a Form 4 on September 21, 2026, disclosing the sale of Class A ordinary shares on September 17, 2026, through a BVI entity controlled by the reporting person, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Hou Tianyu, CFO of Sea Ltd (NYSE:SE), filed the disclosure on September 21, 2026.
  • Total shares sold: 15,000 Class A ordinary shares disposed of across four transactions on September 17, 2026 (8,010 + 6,320 + 360 + 310).
  • Price range: Shares were sold at weighted average prices ranging from $101.26 to $104.76, with individual transaction prices spanning $100.63 to $103.16 across three of the four tranches.
  • Remaining indirect holdings: Following the transactions, the BVI entity controlled by the reporting person held 5,000 Class A ordinary shares indirectly.
  • Direct holdings: The reporting person also reported 2,383,015 Class A ordinary shares held directly.
  • 10b5-1 plan: All sales were made pursuant to a Rule 10b5-1 trading plan adopted by the BVI entity on March 19, 2026.

Sea Ltd CFO's Share Sales Through BVI Entity on September 17, 2026

According to the filing, Hou Tianyu, identified as CFO of Sea Ltd, disposed of Class A ordinary shares in four separate sell transactions on September 17, 2026, all executed through a BVI entity controlled by the reporting person. The filing states that the sales were made pursuant to a Rule 10b5-1 trading plan adopted by the BVI entity on March 19, 2026, and the form's checkbox confirms the transaction was made under such a plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

The four tranches consisted of 8,010 shares at a weighted average price of $101.26 (individual prices ranging from $100.63 to $101.62), 6,320 shares at a weighted average price of $101.85 (ranging from $101.63 to $102.60), 360 shares at a weighted average price of $102.89 (ranging from $102.63 to $103.16), and 310 shares at $104.76. The filing notes that full information on the number of shares sold at each separate price within the stated ranges will be provided upon request to the SEC staff, the issuer, or a security holder.

Following all reported transactions, the BVI entity held 5,000 Class A ordinary shares indirectly. Separately, the filing lists 2,383,015 Class A ordinary shares held directly by the reporting person, with no transaction reported against that directly held position. The form was signed by Emily Tan as attorney-in-fact for Tianyu Hou and dated September 21, 2026.

What Was Disclosed

The filing discloses four sales totaling 15,000 Class A ordinary shares of Sea Ltd by CFO Hou Tianyu through a BVI entity under a pre-established Rule 10b5-1 plan, with the indirect position reduced to 5,000 shares following the transactions.