Las Vegas Sands (LVS) CEO exercises options, sells 60,165 shares while retaining stake

Rhea-AI Filing Summary

Las Vegas Sands Chairman and CEO Patrick Dumont exercised options to acquire 61,740 shares of common stock at an exercise price of $52.53 per share. On the same day, he sold 60,165 shares of common stock in open-market transactions at a weighted average price of $54.75 per share, with individual trade prices ranging from $54.73 to $54.82. The transactions reflect an exercise-and-sell pattern in which Dumont ultimately increased his direct holdings to 511,942 shares of common stock.

Insights

Insider trading analyst

CEO exercised options and sold most resulting shares, retaining a sizable stake.

Patrick Dumont exercised options for 61,740 shares at $52.53 and sold 60,165 shares at a weighted average of $54.75. This is a classic exercise-and-sell pattern, turning an expiring derivative into cash while modestly increasing his net share ownership.

After these transactions, Dumont holds 511,942 shares directly, indicating he maintains substantial exposure to Las Vegas Sands. The filing shows no remaining derivative position from this specific option grant, as total option shares following the exercise are reported as zero.

Because the sale size is limited relative to his post-transaction holdings and tied to an option exercise rather than an outright reduction of an existing share position, the activity appears routine and compensation-related rather than a strong directional signal on the company’s prospects.

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

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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^*

Dumont Patrick

(Last) (First) (Middle)

5420 S. DURANGO DRIVE

(Street)

LAS VEGAS NEVADA 89113

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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

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

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

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	03/17/2026		M		61,740	A	$52.53	572,107	D
Common Stock	03/17/2026		S		60,165	D	$54.75(1)	511,942	D

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)	$52.53	03/17/2026		M			61,740	(2)	03/28/2026	Common Stock	61,740	$0	0	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 $54.73 to $54.82, 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 in five installments, as follows: 75,000 on December 31, 2016, 75,000 on December 31, 2017, 75,000 on December 31, 2018, 75,000 on December 31, 2019, and 350,000 on December 31, 2020.

Remarks:

Mr. Dumont exercised options with an expiration date of March 28, 2026 and sold underlying shares sufficient to cover the exercise price and related taxation obligations, while retaining the remaining shares received. Following these transactions, in addition to the shares reflected in Table I, Mr. Dumont holds options to purchase 1,500,000 shares that are vested and 203,690 restricted stock units that are unvested.

	/s/ Judy Tomkins, Attorney-in-Fact	03/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Las Vegas Sands (LVS) CEO Patrick Dumont report in this Form 4 filing?

Patrick Dumont reported exercising stock options for 61,740 Las Vegas Sands shares and selling 60,165 shares in open-market trades. These transactions converted an option award into mostly cash while slightly increasing his net direct share ownership in the company.

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

Patrick Dumont sold 60,165 Las Vegas Sands common shares at a weighted average price of $54.75. A footnote explains the shares were sold in multiple trades, with individual prices ranging from $54.73 to $54.82 per share on the transaction date.

What stock options did the Las Vegas Sands (LVS) CEO exercise in this transaction?

The CEO exercised options covering 61,740 shares of Las Vegas Sands common stock at an exercise price of $52.53 per share. A footnote notes the broader option grant vested in several installments between 2016 and 2020, reflecting a long-term equity compensation award.

How many Las Vegas Sands (LVS) shares does Patrick Dumont own after these transactions?

Following the option exercise and subsequent share sale, Patrick Dumont directly holds 511,942 shares of Las Vegas Sands common stock. This figure reflects his position after selling 60,165 shares and retaining a portion of the shares acquired through the option exercise.

Was the Las Vegas Sands (LVS) CEO’s transaction a purchase, sale, or option exercise?

The filing shows a combination of actions: Dumont exercised stock options to acquire 61,740 shares and then sold 60,165 shares in open-market transactions. This exercise-and-sell pattern is typical when executives monetize vested options while keeping some incremental ownership.

Does this Las Vegas Sands (LVS) Form 4 show any remaining options for the CEO?

For the specific option grant reported, the filing shows zero option shares remaining after the 61,740-share exercise. The derivative position tied to that grant was fully converted into common stock, according to the total derivative shares following the transaction field.