Melco director corrects Form 3 share holdings
Melco Resorts & Entertainment LTD director Clarence YM Chung filed an amended Form 3 to correct his reported holdings of ordinary shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
3/A
Rhea-AI Filing Summary
Melco Resorts & Entertainment LTD director Clarence YM Chung filed an amended Form 3 to correct his reported holdings of ordinary shares. As of March 17, 2026, he beneficially owns 1,046,842 ordinary shares, slightly higher than the 1,046,838 shares originally reported. The amendment reflects a minor adjustment in share count rather than a new transaction.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chung Clarence YM
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary shares, par value US$0.01 per ordinary share | -- | -- | -- |
Holdings After Transaction:
Ordinary shares, par value US$0.01 per ordinary share — 1,046,842 shares (Direct)
Footnotes (1)
- F1. This Form 3 is being amended to correct the Reporting Person's holdings of such securities as of March 17, 2026 as indicated in the original Form 3, filed on March 17, 2026, which indicated the amount of securities beneficially owned was 1,046,838 rather than 1,046,842.
Key Figures
Correct beneficial ownership: 1,046,842 ordinary shares
Originally reported ownership: 1,046,838 ordinary shares
Share difference corrected: 4 ordinary shares
3 metrics
Correct beneficial ownership
1,046,842 ordinary shares
Ordinary shares beneficially owned as of March 17, 2026
Originally reported ownership
1,046,838 ordinary shares
Ordinary shares originally reported in Form 3 as of March 17, 2026
Share difference corrected
4 ordinary shares
Difference between originally reported and corrected beneficial ownership
Key Terms
Form 3, beneficially owned, ordinary shares, par value, +1 more
5 terms
Form 3 regulatory
"This Form 3 is being amended to correct the Reporting Person's holdings"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficially owned financial
"which indicated the amount of securities beneficially owned was 1,046,838 rather than 1,046,842"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
par value financial
"Ordinary shares, par value US$0.01 per ordinary share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
Reporting Person regulatory
"to correct the Reporting Person's holdings of such securities as of March 17, 2026"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Melco Resorts & Entertainment (MLCO) disclose in this amended Form 3?
The amended Form 3 updates director Clarence YM Chung’s beneficial ownership in Melco Resorts & Entertainment. It corrects his holdings to 1,046,842 ordinary shares as of March 17, 2026, replacing the previously reported 1,046,838 shares, and does not reflect a new transaction.
Why was Clarence YM Chung’s MLCO Form 3 amended?
The Form 3 was amended to correct the number of Melco Resorts & Entertainment ordinary shares beneficially owned by Clarence YM Chung. The original filing understated his holdings by four shares, reporting 1,046,838 instead of the accurate 1,046,842 as of March 17, 2026.
Does this MLCO Form 3/A show any insider buying or selling activity?
No, the Form 3/A does not show new insider buying or selling. It is an ownership correction filing, updating Clarence YM Chung’s beneficial holdings to 1,046,842 ordinary shares as of March 17, 2026, rather than reporting a fresh market transaction in Melco Resorts & Entertainment stock.
What type of security does the MLCO Form 3/A relate to?
The Form 3/A relates to Melco Resorts & Entertainment’s ordinary shares with a par value of US$0.01 per ordinary share. The amendment simply corrects the total number of these ordinary shares beneficially owned by director Clarence YM Chung as of March 17, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates