Las Vegas Sands (NYSE: LVS) EVP Hudson exercises options and sells 53,257 shares

Rhea-AI Filing Summary

Las Vegas Sands Corp. executive vice president and global general counsel Patrick Dumont Hudson reported an option exercise and share sale. On December 1, 2025, he exercised options to buy 53,257 shares of common stock at an exercise price of $57.76 per share, increasing his direct holdings to 66,992 shares before the sale. The same day, he sold 53,257 shares of common stock at a weighted average price of $70.37 per share, leaving 13,735 shares of common stock held directly.

After these transactions, he continued to hold 96,743 options directly as reported in Table II. The remarks state that, in addition to the options exercised and shares sold on December 1, 2025, he holds options to purchase 496,743 shares that are vested, options to purchase 510,157 shares that are unvested, and 81,756 unvested restricted stock units.

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^*

Hudson D. Zachary

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Global General Counsel

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		53,257	A	$57.76	66,992	D
Common Stock	12/01/2025		S		53,257	D	$70.37(1)	13,735	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)	$57.76	12/01/2025		M			53,257	(2)	09/29/2029	Common Stock	53,257	$0	96,743	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 $70.35 to $70.44, 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 three equal annual installments beginning on September 30, 2020.

Remarks:

In addition to the options exercised and the underlying shares sold on December 1, 2025, Mr. Hudson holds options to purchase 496,743 shares that are vested, options to purchase 510,157 shares that are unvested, and 81,756 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.
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FAQ

What insider transaction did Las Vegas Sands (LVS) report for December 1, 2025?

On December 1, 2025, Las Vegas Sands executive Patrick Dumont Hudson exercised options for 53,257 shares at $57.76 per share and sold 53,257 shares of common stock at a weighted average price of $70.37 per share.

Who from Las Vegas Sands (LVS) filed this Form 4 and what is their role?

The Form 4 was filed for Patrick Dumont Hudson, who is an officer of Las Vegas Sands Corp. with the title EVP and Global General Counsel.

How many Las Vegas Sands (LVS) shares does the reporting person own after the transactions?

After the reported transactions, Patrick Dumont Hudson directly owned 13,735 shares of Las Vegas Sands common stock.

What option activity was reported in this Las Vegas Sands (LVS) Form 4?

The filing reports the exercise of an option to buy 53,257 shares of common stock at an exercise price of $57.76 per share. Following this, 96,743 derivative securities (options) remained beneficially owned directly.

What were the sale price details for the Las Vegas Sands (LVS) shares sold?

The $70.37 price reported is a weighted average. The 53,257 shares were sold in multiple transactions at prices ranging from $70.35 to $70.44 per share, inclusive.

What additional equity awards does the Las Vegas Sands (LVS) executive still hold?

According to the remarks, in addition to the options exercised and shares sold on December 1, 2025, he holds options to purchase 496,743 vested shares, options to purchase 510,157 unvested shares, and 81,756 unvested restricted stock units.

When did the reported Las Vegas Sands (LVS) options vest and when do they expire?

The options reported in Table II vested in three equal annual installments beginning on September 30, 2020, and have an expiration date of September 29, 2029.