# If you'd like to omit non-matching lines from the result; add ';d' to the end of the expression.
sed -E 's/(ABC[#:*$]+(?:\w+[#:*$]+){2}|DEF[#:*$]+(?:\w+[#:*$]+){3})([^#:*$]+)(.+)/\1 + replacement + \3/g;t' <<< "ABC#12#3#LINE1####1234678985$
DEF#XY#Z:1234:1234561230$
ABC#12#3#LINE TWO####1234678985$
DEF#XY#Z:1234:4564561230$
ABC#12#3#3RD LINE####1234678985$
DEF#XY#Z*1234:7894561230$"
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for SED, please visit: https://www.gnu.org/software/sed/manual/html_node/The-_0022s_0022-Command.html