Melco Resorts (MLCO) director corrects Form 3 ordinary share count
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
Melco Resorts & Entertainment director Thomas Jefferson Wu filed an amended Form 3 to correct his reported holdings of ordinary shares. The amendment states that as of March 17, 2026, he beneficially owned 798,575 ordinary shares, rather than the previously reported 798,573 shares. This change reflects a minor correction in the original disclosure rather than a new share transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WU THOMAS JEFFERSON
Role
null
| 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 — 798,575 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Ordinary shares beneficially owned: 798,575 shares
Previously reported shares: 798,573 shares
Share count adjustment: 2 shares
3 metrics
Ordinary shares beneficially owned
798,575 shares
Direct ownership as of March 17, 2026
Previously reported shares
798,573 shares
Original Form 3 disclosure, corrected in amendment
Share count adjustment
2 shares
Difference between original and corrected holdings
Key Terms
Form 3, beneficially owned, ordinary shares
3 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 798,573 rather than 798,575"
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.
FAQ
What does the Melco Resorts (MLCO) Form 3/A filing for Thomas Jefferson Wu show?
The Form 3/A shows director Thomas Jefferson Wu corrected his reported holdings to 798,575 ordinary shares as of March 17, 2026. The amendment fixes a two-share discrepancy from the original Form 3 rather than recording a new purchase or sale.
Why was the Melco Resorts (MLCO) Form 3 amended for Thomas Jefferson Wu?
The Form 3 was amended to correct the reported share count in the original filing. The footnote explains that the beneficially owned securities were 798,575 shares, not 798,573, so the amendment aligns the disclosure with the accurate holding.
Does the Melco Resorts (MLCO) Form 3/A indicate any derivative securities for Thomas Jefferson Wu?
The insider data associated with the Form 3/A shows no derivative securities positions for Thomas Jefferson Wu. The amendment focuses solely on his holdings of Melco Resorts ordinary shares, with no options or other derivatives listed in the summary.