FilingsForm 4

Sea Limited shares held through a BVI entity sold for $24.22 million, director David Y Ma's Form 4 shows

From the public record1 min read

Published Oct 20, 2026 · 06:13 UTCUpdated Oct 20, 2026 · 22:42 UTCFiled Apr 22, 2026

Value$24.22 million, held indirectly

Shares272,390, held indirectly

Average price$88.93

FiledApr 22

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Shares of Sea Limited held indirectly through a BVI entity were sold on Apr 20 and Apr 21, 2026 in sales totaling $24.22 million, according to a Form 4 (the form an insider files when trading a company's shares) filed for director David Y Ma. The sales covered 272,390 shares at an average price of $88.93 a share, and after the last sale the form states 199,775 shares held indirectly through a BVI entity. A footnote on the form says the shares were sold under a Rule 10b5-1 trading plan adopted on Dec 12, 2025 by a BVI entity controlled by an immediate family member in the director's household. The Form 4 was filed on Apr 22, 2026 and is on SEC EDGAR.1 2 3 4 5 6 7 8 9 10 11 12 13

How each figure was checked13 facts

Sea Limited Form 4 0001193125-26-168209: sidesaleOur database
Sea Limited Form 4 0001193125-26-168209: value$24.22 millionOur database
Sea Limited Form 4 0001193125-26-168209: first dateApr 20, 2026Our database
Sea Limited Form 4 0001193125-26-168209: last dateApr 21, 2026Our database
Sea Limited Form 4 0001193125-26-168209: holding6 sale lines held indirectly (By BVI entity)Our database
Sea Limited Form 4 0001193125-26-168209: ownerDavid Y MaOur database
Sea Limited Form 4 0001193125-26-168209: signed byMark Tang, attorney-in-fact for David Y MaOur database
Sea Limited Form 4 0001193125-26-168209: relationshipdirectorOur database
Sea Limited Form 4 0001193125-26-168209: shares272,390Our database
Sea Limited Form 4 0001193125-26-168209: average price$88.93Our database
Sea Limited Form 4 0001193125-26-168209: shares afterafter the last sale line the form states 199775 shares of Class A ordinary shares held indirectly (By BVI entity)Our database
Footnote F1 of the Form 4 filed Apr 22, 2026 (it is attached to that document's line N1, N2, N3, N4, N5, N6)December 12, 2025Footnotes of the same Form 4 ↗
Sea Limited Form 4 0001193125-26-168209: filed onApr 22, 2026Our database

The record

Issuer: Sea Limited (CIK 1703399, filed as Sea Ltd)
Form: 4
Accession: 0001193125-26-168209
Filed: Apr 22, 2026
Period of report: Apr 20, 2026
Reporting owner: David Y Ma (CIK 2114135, filed as Ma David Y)
Relationship: director
Rule 10b5-1 checkbox: Ticked
Line 1: S (sale) · 128,226 Class A ordinary shares at $89.28 · Apr 20, 2026 · disposed, indirectly, By BVI entity · 343,939 held after · footnotes F1 and F2
Line 2: S (sale) · 40,173 Class A ordinary shares at $89.93 · Apr 20, 2026 · disposed, indirectly, By BVI entity · 303,766 held after · footnotes F1 and F3
Line 3: S (sale) · 28,348 Class A ordinary shares at $87.16 · Apr 21, 2026 · disposed, indirectly, By BVI entity · 275,418 held after · footnotes F1 and F4
Line 4: S (sale) · 49,672 Class A ordinary shares at $88.09 · Apr 21, 2026 · disposed, indirectly, By BVI entity · 225,746 held after · footnotes F1 and F5
Line 5: S (sale) · 24,560 Class A ordinary shares at $89.13 · Apr 21, 2026 · disposed, indirectly, By BVI entity · 201,186 held after · footnotes F1 and F6
Line 6: S (sale) · 1,411 Class A ordinary shares at $89.74 · Apr 21, 2026 · disposed, indirectly, By BVI entity · 199,775 held after · footnotes F1 and F7
Footnote F1: The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by an immediate family member sharing the same household as the Reporting Person on December 12, 2025.
Footnote F2: Represents the weighted average price of shares sold at prices that ranged from $88.61 to $89.60. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
Footnote F3: Represents the weighted average price of shares sold at prices that ranged from $89.61 to $90.51.
Footnote F4: Represents the weighted average price of shares sold at prices that ranged from $86.67 to $87.66.
Footnote F5: Represents the weighted average price of shares sold at prices that ranged from $87.67 to $88.66.
Footnote F6: Represents the weighted average price of shares sold at prices that ranged from $88.67 to $89.66.
Footnote F7: Represents the weighted average price of shares sold at prices that ranged from $89.68 to $89.83.