STOCK TITAN

[Form 4] LAS VEGAS SANDS CORP Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Las Vegas Sands (LVS) reported insider activity by Chairman & CEO Robert G. Goldstein. On 10/27/2025, he exercised options for 300,000 shares of common stock at an exercise price of $34.28, then sold 35,412 shares at a weighted average price of $58.75 and 264,588 shares at a weighted average price of $59.4. Following these sales, his direct common stock holdings were 0 shares.

He reported 129,005 shares held indirectly by The Robert and Sheryl Goldstein Trust. For derivatives, the filing shows 1,700,000 options of the reported award remaining beneficially owned after the transactions, and notes the options exercised on this date were part of grants vesting in three equal annual installments beginning 12/03/2022. The remarks add that Mr. Goldstein holds 4,200,000 vested options and 403,800 unvested restricted stock units.

Las Vegas Sands (LVS) ha riferito attività da insider da parte del presidente del consiglio e CEO Robert G. Goldstein. Il 27/10/2025 ha esercitato opzioni per 300.000 azioni ordinarie a un prezzo di esercizio di $34,28, poi ha venduto 35.412 azioni a un prezzo medio ponderato di $58,75 e 264.588 azioni a un prezzo medio ponderato di $59,4. Dopo queste vendite, le sue partecipazioni dirette di azioni ordinarie erano 0 azioni.

Ha riportato 129.005 azioni detenute indirettamente dal The Robert and Sheryl Goldstein Trust. Per i derivati, la dichiarazione mostra 1.700.000 opzioni del premio riportato rimaste detenute beneficiariamente dopo le transazioni, e rileva che le opzioni esercitate in questa data facevano parte di assegnazioni che vestono in tre rate annuali uguali a partire dal 03/12/2022. Le note aggiungono che il signor Goldstein detiene 4.200.000 opzioni vestite e 403.800 unita di azioni restritte non vestite.

Las Vegas Sands (LVS) informó actividad de insider por parte del presidente del consejo y director ejecutivo, Robert G. Goldstein. El 27/10/2025 ejerció opciones por 300,000 acciones de acciones comunes a un precio de ejercicio de $34,28, luego vendió 35,412 acciones a un precio medio ponderado de $58.75 y 264,588 acciones a un precio medio ponderado de $59.4. Después de estas ventas, sus participaciones directas de acciones comunes eran 0 acciones.

Informó 129,005 acciones mantenidas indirectamente por The Robert and Sheryl Goldstein Trust. En cuanto a derivados, el informe muestra 1,700,000 opciones de la adjudicación reportada que permanecen beneficialmente poseídas tras las transacciones, y señala que las opciones ejercidas en esta fecha formaban parte de concesiones que se visten en tres préstamos anuales iguales a partir del 03/12/2022. Las notas añaden que el señor Goldstein posee 4,200,000 opciones vestidas y 403,800 unidades de acciones restringidas no vestidas.

Las Vegas Sands (LVS)가 회장 겸 CEO인 Robert G. Goldstein의 내부자 활동을 보고했습니다. 2025/10/27에 그는 일반주식 300,000주를 행사했고 행사가격은 $34.28였으며, 그 후 35,412주를 가중평균가 $58.75에, 그리고 264,588주를 가중평균가 $59.4에 매각했습니다. 이 매각들 이후 그의 직접 보유 일반주식은 0주가 되었습니다.

그는 또한 The Robert and Sheryl Goldstein Trust가 간접적으로 보유한 129,005주를 보고했습니다. 파생상품에 대해, 해당 신고서는 거래 후 유효하게 보유된 것으로 남아 있는 보유 옵션 1,700,000개를 보여주며, 이번 날짜에 행사된 옵션은 3년 간의 동가상 배정의 일부였다고 명시합니다. 배정은 2022/12/03부터 매년 동일한 3년간 vesting됩니다. 주석은 Goldstein 씨가 이미 vesting된 4,200,000개의 옵션과 vesting되지 않은 403,800개의 RSU를 보유하고 있다고 덧붙입니다.

Las Vegas Sands (LVS) a signalé une activité d’initié de la part du président du conseil et PDG, Robert G. Goldstein. Le 27/10/2025, il a exercé des options sur 300 000 actions ordinaires à un prix d’exercice de $34,28, puis a vendu 35 412 actions à un prix moyen pondéré de $58,75 et 264 588 actions à un prix moyen pondéré de $59,40. Suite à ces ventes, ses détentions directes d’actions ordinaires étaient de 0 actions.

Il a déclaré 129 005 actions détenues indirectement par The Robert and Sheryl Goldstein Trust. Pour les dérivés, le dossier indique 1 700 000 options de l’attribution signalée restant détenues à titre bénéficiaire après les transactions, et précise que les options exercées à cette date faisaient partie de subventions vesting en trois tranches annuelles égales à compter du 03/12/2022. Les remarques ajoutent que M. Goldstein détient 4 200 000 options acquises et 403 800 unités d’actions restreintes non acquises.

Las Vegas Sands (LVS) meldete Insider-Aktivitäten von Vorsitzendem und CEO Robert G. Goldstein. Am 27.10.2025 hat er Optionen im Wert von 300.000 Aktien Stammaktien zu einem Ausübungspreis von $34,28 ausgeübt, danach 35.412 Aktien zu einem laufenden Durchschnittspreis von $58,75 veräußert und 264.588 Aktien zu einem laufenden Durchschnittspreis von $59,40 verkauft. Nach diesen Verkäufen beliefen sich seine direkten Bestände an Stammaktien auf 0 Aktien.

Er meldete außerdem 129.005 Aktien, die indirekt von der The Robert and Sheryl Goldstein Trust gehalten werden. Hinsichtlich Derivate zeigt die Einreichung 1.700.000 Optionen der gemeldeten Zuteilung, die nach den Transaktionen weiterhin vorteilhaft gehalten werden, und merkt an, dass die an diesem Datum ausgeübten Optionen Teil von Zuwendungen waren, die in drei gleichen jährlichen Raten ab dem 03.12.2022 vesten. Die Bemerkungen fügen hinzu, dass Herr Goldstein 4.200.000 vestete Optionen und 403.800 unvestete Restricted Stock Units hält.

Las Vegas Sands (LVS) أبلغت عن نشاط داخلي من رئيس مجلس الإدارة والمدير التنفيذي روبرت ج. جولدستاين. في 27/10/2025 قام بممارسة خيارات لـ 300,000 سهم من الأسهم العادية بسعر ممارسة $34.28، ثم باع 35,412 سهم بسعر متوسط مرجّح قدره $58.75 و264,588 سهم بسعر متوسط مرجّح قدره $59.4. عقب هذه المبيعات، كانت حصته المباشرة من الأسهم العادية 0 سهم.

أبلغ عن 129,005 سهم مملوكة بشكل غير مباشر من خلال The Robert and Sheryl Goldstein Trust. بالنسبة للمشتقات، تُظهر الإفصاح 1,700,000 خيار من الجائزة المبلغ عنها تبقى مملوكة بفائدة بعد المعاملات، وت notes أن الخيارات المميزة في هذا التاريخ كانت جزءًا من منح vesting ثلاث دفعات سنوية متساوية تبدأ من 03/12/2022. وتضيف الملاحظات أن السيد جولدستاين يملك 4,200,000 خيارات مُكتسبة و403,800 وحدات أسهم مقيدة غير مكتسبة.

Positive
  • None.
Negative
  • None.

Insights

Form 4 shows option exercise and same-day sell-to-cover at market prices.

The reporting person exercised options for 300,000 shares at an exercise price of $34.28 and sold the resulting shares in two tranches at weighted averages of $58.75 and $59.4 on 10/27/2025. This is a classic exercise-and-sell sequence, often used to monetize vested awards.

Direct common stock holdings moved to 0 shares after the sales, while 129,005 shares remain held indirectly via a trust. The derivative table shows 1,700,000 options remaining for the reported award; the remarks state a broader inventory of 4,200,000 vested options and 403,800 unvested RSUs, indicating substantial outstanding equity incentives.

Because this is routine insider equity activity with no operational changes, the investment thesis impact is neutral. Actual market effect depends on investor interpretation of insider sales and the pace of future equity award exercises disclosed in subsequent filings.

Las Vegas Sands (LVS) ha riferito attività da insider da parte del presidente del consiglio e CEO Robert G. Goldstein. Il 27/10/2025 ha esercitato opzioni per 300.000 azioni ordinarie a un prezzo di esercizio di $34,28, poi ha venduto 35.412 azioni a un prezzo medio ponderato di $58,75 e 264.588 azioni a un prezzo medio ponderato di $59,4. Dopo queste vendite, le sue partecipazioni dirette di azioni ordinarie erano 0 azioni.

Ha riportato 129.005 azioni detenute indirettamente dal The Robert and Sheryl Goldstein Trust. Per i derivati, la dichiarazione mostra 1.700.000 opzioni del premio riportato rimaste detenute beneficiariamente dopo le transazioni, e rileva che le opzioni esercitate in questa data facevano parte di assegnazioni che vestono in tre rate annuali uguali a partire dal 03/12/2022. Le note aggiungono che il signor Goldstein detiene 4.200.000 opzioni vestite e 403.800 unita di azioni restritte non vestite.

Las Vegas Sands (LVS) informó actividad de insider por parte del presidente del consejo y director ejecutivo, Robert G. Goldstein. El 27/10/2025 ejerció opciones por 300,000 acciones de acciones comunes a un precio de ejercicio de $34,28, luego vendió 35,412 acciones a un precio medio ponderado de $58.75 y 264,588 acciones a un precio medio ponderado de $59.4. Después de estas ventas, sus participaciones directas de acciones comunes eran 0 acciones.

Informó 129,005 acciones mantenidas indirectamente por The Robert and Sheryl Goldstein Trust. En cuanto a derivados, el informe muestra 1,700,000 opciones de la adjudicación reportada que permanecen beneficialmente poseídas tras las transacciones, y señala que las opciones ejercidas en esta fecha formaban parte de concesiones que se visten en tres préstamos anuales iguales a partir del 03/12/2022. Las notas añaden que el señor Goldstein posee 4,200,000 opciones vestidas y 403,800 unidades de acciones restringidas no vestidas.

Las Vegas Sands (LVS)가 회장 겸 CEO인 Robert G. Goldstein의 내부자 활동을 보고했습니다. 2025/10/27에 그는 일반주식 300,000주를 행사했고 행사가격은 $34.28였으며, 그 후 35,412주를 가중평균가 $58.75에, 그리고 264,588주를 가중평균가 $59.4에 매각했습니다. 이 매각들 이후 그의 직접 보유 일반주식은 0주가 되었습니다.

그는 또한 The Robert and Sheryl Goldstein Trust가 간접적으로 보유한 129,005주를 보고했습니다. 파생상품에 대해, 해당 신고서는 거래 후 유효하게 보유된 것으로 남아 있는 보유 옵션 1,700,000개를 보여주며, 이번 날짜에 행사된 옵션은 3년 간의 동가상 배정의 일부였다고 명시합니다. 배정은 2022/12/03부터 매년 동일한 3년간 vesting됩니다. 주석은 Goldstein 씨가 이미 vesting된 4,200,000개의 옵션과 vesting되지 않은 403,800개의 RSU를 보유하고 있다고 덧붙입니다.

Las Vegas Sands (LVS) a signalé une activité d’initié de la part du président du conseil et PDG, Robert G. Goldstein. Le 27/10/2025, il a exercé des options sur 300 000 actions ordinaires à un prix d’exercice de $34,28, puis a vendu 35 412 actions à un prix moyen pondéré de $58,75 et 264 588 actions à un prix moyen pondéré de $59,40. Suite à ces ventes, ses détentions directes d’actions ordinaires étaient de 0 actions.

Il a déclaré 129 005 actions détenues indirectement par The Robert and Sheryl Goldstein Trust. Pour les dérivés, le dossier indique 1 700 000 options de l’attribution signalée restant détenues à titre bénéficiaire après les transactions, et précise que les options exercées à cette date faisaient partie de subventions vesting en trois tranches annuelles égales à compter du 03/12/2022. Les remarques ajoutent que M. Goldstein détient 4 200 000 options acquises et 403 800 unités d’actions restreintes non acquises.

Las Vegas Sands (LVS) meldete Insider-Aktivitäten von Vorsitzendem und CEO Robert G. Goldstein. Am 27.10.2025 hat er Optionen im Wert von 300.000 Aktien Stammaktien zu einem Ausübungspreis von $34,28 ausgeübt, danach 35.412 Aktien zu einem laufenden Durchschnittspreis von $58,75 veräußert und 264.588 Aktien zu einem laufenden Durchschnittspreis von $59,40 verkauft. Nach diesen Verkäufen beliefen sich seine direkten Bestände an Stammaktien auf 0 Aktien.

Er meldete außerdem 129.005 Aktien, die indirekt von der The Robert and Sheryl Goldstein Trust gehalten werden. Hinsichtlich Derivate zeigt die Einreichung 1.700.000 Optionen der gemeldeten Zuteilung, die nach den Transaktionen weiterhin vorteilhaft gehalten werden, und merkt an, dass die an diesem Datum ausgeübten Optionen Teil von Zuwendungen waren, die in drei gleichen jährlichen Raten ab dem 03.12.2022 vesten. Die Bemerkungen fügen hinzu, dass Herr Goldstein 4.200.000 vestete Optionen und 403.800 unvestete Restricted Stock Units hält.

Las Vegas Sands (LVS) أبلغت عن نشاط داخلي من رئيس مجلس الإدارة والمدير التنفيذي روبرت ج. جولدستاين. في 27/10/2025 قام بممارسة خيارات لـ 300,000 سهم من الأسهم العادية بسعر ممارسة $34.28، ثم باع 35,412 سهم بسعر متوسط مرجّح قدره $58.75 و264,588 سهم بسعر متوسط مرجّح قدره $59.4. عقب هذه المبيعات، كانت حصته المباشرة من الأسهم العادية 0 سهم.

أبلغ عن 129,005 سهم مملوكة بشكل غير مباشر من خلال The Robert and Sheryl Goldstein Trust. بالنسبة للمشتقات، تُظهر الإفصاح 1,700,000 خيار من الجائزة المبلغ عنها تبقى مملوكة بفائدة بعد المعاملات، وت notes أن الخيارات المميزة في هذا التاريخ كانت جزءًا من منح vesting ثلاث دفعات سنوية متساوية تبدأ من 03/12/2022. وتضيف الملاحظات أن السيد جولدستاين يملك 4,200,000 خيارات مُكتسبة و403,800 وحدات أسهم مقيدة غير مكتسبة.

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)
10/27/2025
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 10/27/2025 M 300,000 A $34.28 300,000 D
Common Stock 10/27/2025 S 35,412 D $58.75(1) 264,588 D
Common Stock 10/27/2025 S 264,588 D $59.4(2) 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) $34.28 10/27/2025 M 300,000 (3) 12/02/2031 Common Stock 300,000 $0 1,700,000 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 $58.20 to $59.19, 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 $59.20 to $59.66, 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. These options vested in three equal annual installments beginning on December 3, 2022.
Remarks:
In addition to the options exercised on October 27, 2025, Mr. Goldstein holds options to purchase 4,200,000 shares that are vested and 403,800 restricted stock units that are unvested.
/s/ Judy Tomkins, Attorney-in-Fact 10/29/2025
** 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 did LVS Chairman & CEO Robert G. Goldstein report on Form 4?

He exercised options for 300,000 shares at $34.28 and sold the shares at weighted averages of $58.75 and $59.4 on 10/27/2025.

How many LVS shares did Robert G. Goldstein sell and at what prices?

He sold 35,412 shares at a weighted average of $58.75 and 264,588 shares at a weighted average of $59.4.

What are Robert G. Goldstein’s LVS holdings after the transactions?

Direct common stock holdings were 0 shares; he reported 129,005 shares held indirectly by The Robert and Sheryl Goldstein Trust.

How many LVS options remain after the reported transactions?

The filing shows 1,700,000 options of the reported award beneficially owned following the transactions.

What additional equity awards does Robert G. Goldstein hold?

Remarks state he holds 4,200,000 vested options and 403,800 unvested restricted stock units.

When did the exercised LVS options vest?

They vested in three equal annual installments beginning on 12/03/2022.

What is Robert G. Goldstein’s role at LVS?

He is a Director and serves as Chairman & CEO.
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