Las Vegas Sands (NYSE: LVS) CEO Goldstein exercises 100K options, sells 100K shares

Rhea-AI Filing Summary

Las Vegas Sands Corp. Chairman and CEO Robert Goldstein reported an option exercise and share sale. On December 1, 2025, he exercised options to buy 100,000 shares of common stock at an exercise price of $50.33 per share, increasing his direct holdings by that amount.

On the same day, he sold 100,000 shares of common stock at a weighted average price of $70.17 per share, leaving him with no shares held directly and 129,005 shares held indirectly through The Robert and Sheryl Goldstein Trust. After these transactions, he continues to hold options to purchase 2,400,000 shares that are vested and 403,800 unvested restricted stock units, indicating a substantial remaining equity-based stake.

Insights

Equity Compensation and Governance Analyst

CEO executed routine stock option exercise and sale; overall equity stake via options and awards remains large.

The filing shows **Chairman & CEO Robert Goldstein** exercising an option to buy **100,000 shares** of **Las Vegas Sands Corp.** common stock at an exercise price of $50.33 on 12/01/2025. On the same date, he sold **100,000 shares** at a weighted average price of $70.17, leaving **0** shares from this specific lot held directly after the transaction. This pattern indicates a cash‑settled option exercise, while his indirect ownership through **The Robert and Sheryl Goldstein Trust** remains at **129,005** shares.

In **Table II**, the option exercised relates to a larger grant that fully vested by 12/31/2024, with vesting in five equal annual tranches of **500,000 options**. After this transaction, he still holds **2,400,000** options (right to buy common stock) with an exercise price of $50.33 and an expiration date of 11/19/2028. The remarks also disclose **403,800 unvested restricted stock units**, which represent additional future share-based compensation, subject to vesting conditions.

This activity reflects ongoing use of a previously granted equity award, not a new grant or cancellation. The key items to monitor over time are any further large option exercises or stock sales, changes in the number of vested options (currently **2,400,000**) and unvested restricted stock units (**403,800**), and any new equity awards in future filings. The reference to potential Rule 10b5‑1 plan usage frames the transaction as potentially pre‑planned under SEC rules, though no details are provided here.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Goldstein Robert G

(Last) (First) (Middle)

5420 S. DURANGO DRIVE

(Street)

LAS VEGAS NV 89113

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LAS VEGAS SANDS CORP [ LVS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/01/2025		M		100,000	A	$50.33	100,000	D
Common Stock	12/01/2025		S		100,000	D	$70.17(1)	0	D
Common Stock								129,005	I	By The Robert and Sheryl Goldstein Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (Right to Buy)	$50.33	12/01/2025		M			100,000	(2)	11/19/2028	Common Stock	100,000	$0	2,400,000	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $70.00 to $70.43, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

2. The options vested as follows: 500,000 on January 1, 2021, 500,000 on January 1, 2022, 500,000 on January 1, 2023, 500,000 on January 1, 2024, and 500,000 on December 31, 2024.

Remarks:

In addition to the options exercised and the underlying shares sold on December 1, 2025, Mr. Goldstein holds options to purchase 2,400,000 shares that are vested and 403,800 restricted stock units that are unvested.

	/s/ Judy Tomkins, Attorney-in-Fact	12/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Las Vegas Sands (LVS) report for Robert Goldstein?

On December 1, 2025, Las Vegas Sands Chairman and CEO Robert Goldstein exercised options for 100,000 shares of common stock at $50.33 per share and sold 100,000 shares of common stock at a weighted average price of $70.17 per share.

How many Las Vegas Sands (LVS) shares did Robert Goldstein sell and at what price?

Robert Goldstein sold 100,000 shares of Las Vegas Sands common stock at a weighted average price of $70.17 per share, with individual sale prices ranging from $70.00 to $70.43.

What options did Robert Goldstein exercise in this Las Vegas Sands (LVS) Form 4?

He exercised an option (right to buy) for 100,000 shares of Las Vegas Sands common stock at an exercise price of $50.33 per share, from an option grant expiring on November 19, 2028.

What is Robert Goldstein’s remaining share ownership in Las Vegas Sands (LVS) after the reported transactions?

Following the reported transactions, Robert Goldstein holds 129,005 shares indirectly through The Robert and Sheryl Goldstein Trust and no shares directly in his own name.

What equity awards does Robert Goldstein still hold in Las Vegas Sands (LVS)?

In addition to the options exercised and shares sold on December 1, 2025, Robert Goldstein still holds options to purchase 2,400,000 shares that are vested and 403,800 restricted stock units that are unvested.

How did Robert Goldstein’s option grant in Las Vegas Sands (LVS) vest over time?

The option grant vested in five tranches: 500,000 shares on January 1, 2021, 500,000 shares on January 1, 2022, 500,000 shares on January 1, 2023, 500,000 shares on January 1, 2024, and 500,000 shares on December 31, 2024.