Las Vegas Sands (LVS) insider details stock sale and share transfers activity

Rhea-AI Filing Summary

Las Vegas Sands Corp. director Miriam Adelson reported several insider transactions dated December 16, 2025, involving common stock held through Adelson family trusts. Through Trust K, she reported exercising stock options and related trades in the company’s shares.

Trust K acquired 77,991 shares of common stock at an exercise price of $40.87 per share and then sold 77,991 shares at a weighted average price of $67.56, with individual sale prices ranging from $67.49 to $67.72. Separately, Trust OO transferred 2,316,840 shares for no consideration among Adelson family members or their trusts. After these transactions, Trust K reported indirect beneficial ownership of 23,333,441 shares, while additional family members or trusts not otherwise listed held 317,547,892 shares indirectly attributed to Adelson. The options exercised were fully vested and had been scheduled to expire on January 25, 2026.

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

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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^*

Adelson Miriam

(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	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/16/2025

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	12/16/2025		X		77,991	A	$40.87	23,411,432(1)	I	By Trust K for the benefit of one or more members of the Adelson family.
Common Stock	12/16/2025		S		77,991	D	$67.56(2)	23,333,441	I	By Trust K for the benefit of one or more members of the Adelson family.
Common Stock	12/16/2025		G(3)		2,316,840	D	$0.00	0(1)	I	By Trust OO for the benefit of one or more members of the Adelson family.
Common Stock								317,547,892(1)	I	By family member or trusts for benefit of one or more Adelson family members not reported above.

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)	$40.87	12/16/2025		X			77,991	(4)	01/25/2026	Common Stock	77,997	$0	0	I	By Trust K for the benefit of one or more members of the Adelson family.

Explanation of Responses:

1. Reflects transfers exempt pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $67.49 to $67.72, 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 shares were transferred for no consideration among one or more members of or trusts for the benefit of the Adelson family.

4. These options are fully vested. The options, originally granted to Mr. Sheldon G. Adelson as compensation for employment, were set to expire on January 25, 2026.

	/s/ Miriam Adelson	12/18/2025
	** 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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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did Miriam Adelson report for Las Vegas Sands (LVS) on December 16, 2025?

Miriam Adelson reported several December 16, 2025 transactions in Las Vegas Sands common stock. Trust K acquired 77,991 shares at $40.87 per share, then sold 77,991 shares at a weighted average price of $67.56. Trust OO transferred 2,316,840 shares for no consideration among Adelson family members or their trusts.

How many Las Vegas Sands (LVS) shares did Trust K hold after the reported transactions?

After the reported transactions, Trust K for the benefit of one or more Adelson family members held 23,333,441 shares of Las Vegas Sands common stock as indirectly beneficially owned.

At what prices were the Las Vegas Sands (LVS) shares sold in Miriam Adelsons Form 4?

The Form 4 states that 77,991 shares of Las Vegas Sands common stock were sold at a weighted average price of $67.56 per share, with individual sale prices ranging from $67.49 to $67.72.

What was the nature of the 2,316,840-share transfer reported for Las Vegas Sands (LVS)?

The Form 4 explains that 2,316,840 shares of Las Vegas Sands common stock were transferred by Trust OO for no consideration among one or more members of the Adelson family or trusts for their benefit.

What does the filing say about Miriam Adelsons stock options in Las Vegas Sands (LVS)?

The filing reports options with an exercise price of $40.87 per share that were fully vested and originally granted to Sheldon G. Adelson as employment compensation. These options were scheduled to expire on January 25, 2026 and, following the reported transaction, no derivative securities remained beneficially owned.

How many Las Vegas Sands (LVS) shares are indirectly attributed to Adelson family members or trusts not itemized in the tables?

In addition to the positions specifically listed, the filing notes that other Adelson family members or trusts for the benefit of one or more Adelson family members held 317,547,892 shares of Las Vegas Sands common stock indirectly attributed to Miriam Adelson.