Las Vegas Sands (LVS) CEO Goldstein exercises 400K options, sells shares

Rhea-AI Filing Summary

Las Vegas Sands Corp. Chairman and CEO Robert Goldstein reported exercising and selling company stock. On December 10, 2025, he exercised options for 17,095 shares of common stock at an exercise price of $50.33 per share and sold the same number of shares at a weighted average price of $67.03, with individual sale prices ranging from $67.00 to $67.15.

On December 11, 2025, he exercised options for an additional 382,905 shares at $50.33 and sold 382,905 shares in total at weighted average prices of $66.39 and $67.00, with individual trades between $66.00 and $66.99. After these transactions, he reported no directly held common stock and 129,005 shares held indirectly through The Robert and Sheryl Goldstein Trust. He continues to hold options to purchase 2,000,000 shares that are vested and 403,800 unvested restricted stock units.

Insider Trade Summary

Net Seller: 400,000 shares ($26,567,002)

Net Sell 8 txns

Insider Goldstein Robert G

Role Chairman & CEO

Sold 400,000 shs ($26.57M)

Type	Security	Shares	Price	Value
Exercise	Option (Right to Buy)	382,905	$0.00	--
Exercise	Common Stock	382,905	$50.33	$19.27M
Sale	Common Stock	382,805	$66.39	$25.41M
Sale	Common Stock	100	$67.00	$7K
Exercise	Option (Right to Buy)	17,095	$0.00	--
Exercise	Common Stock	17,095	$50.33	$860K
Sale	Common Stock	17,095	$67.03	$1.15M
holding	Common Stock	--	--	--

Holdings After Transaction: Option (Right to Buy) — 2,000,000 shares (Direct); Common Stock — 382,905 shares (Direct); Common Stock — 129,005 shares (Indirect, By The Robert and Sheryl Goldstein Trust)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $67.00 to $67.15, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $66.00 to $66.99, 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. 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/12/2025 - 04:35 PM Learn about SEC filing dates

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)
12/10/2025

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	12/10/2025		M		17,095	A	$50.33	17,095	D
Common Stock	12/10/2025		S		17,095	D	$67.03(1)	0	D
Common Stock	12/11/2025		M		382,905	A	$50.33	382,905	D
Common Stock	12/11/2025		S		382,805	D	$66.39(2)	100	D
Common Stock	12/11/2025		S		100	D	$67	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	12/10/2025		M			17,095	(3)	11/19/2028	Common Stock	17,095	$0	2,382,905	D
Option (Right to Buy)	$50.33	12/11/2025		M			382,905	(3)	11/19/2028	Common Stock	382,905	$0	2,000,000	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 $67.00 to $67.15, 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 price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $66.00 to $66.99, 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.

3. 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 10, 2025 and December 11, 2025, Mr. Goldstein holds options to purchase 2,000,000 shares that are vested and 403,800 restricted stock units that are unvested.

	/s/ Judy Tomkins, Attorney-in-Fact	12/12/2025
	** 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?

Robert Goldstein, Chairman and CEO of Las Vegas Sands (LVS), reported exercising stock options and selling the resulting common shares on December 10–11, 2025.

How many Las Vegas Sands (LVS) options did Robert Goldstein exercise?

Robert Goldstein exercised options for 17,095 shares of Las Vegas Sands common stock on December 10, 2025 and 382,905 shares on December 11, 2025, all at an exercise price of $50.33 per share.

At what prices did Robert Goldstein sell Las Vegas Sands (LVS) shares?

He sold 17,095 shares at a weighted average price of $67.03 with trades between $67.00 and $67.15, and 382,905 shares at weighted average prices of $66.39 and $67.00, with trades between $66.00 and $66.99.

How many Las Vegas Sands (LVS) shares does Robert Goldstein hold after these trades?

Following the reported transactions, Robert Goldstein reported 0 shares of Las Vegas Sands common stock held directly and 129,005 shares held indirectly through The Robert and Sheryl Goldstein Trust.

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

Robert Goldstein continues to hold vested options to purchase 2,000,000 shares of Las Vegas Sands common stock and 403,800 unvested restricted stock units.

What were the vesting terms of Robert Goldstein’s Las Vegas Sands (LVS) options?

The options referenced vested in five tranches of 500,000 shares each on January 1, 2021, January 1, 2022, January 1, 2023, January 1, 2024, and December 31, 2024.