Melco Resorts (NASDAQ: MLCO) director corrects reported share ownership
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
Melco Resorts & Entertainment LTD director Alec Tsui 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 585,095 ordinary shares, instead of the previously reported 585,093 shares. This update reflects a clerical correction to the initial ownership report and does not disclose any new share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TSUI YIU WA ALEC
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 — 585,095 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Corrected beneficial ownership: 585,095 ordinary shares
Originally reported ownership: 585,093 ordinary shares
2 metrics
Corrected beneficial ownership
585,095 ordinary shares
Shares beneficially owned as of March 17, 2026
Originally reported ownership
585,093 ordinary shares
Figure in original Form 3, now corrected
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 585,093 rather than 585,095"
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 amendment change?
The Form 3/A corrects director Alec Tsui’s reported shareholdings. It clarifies that he beneficially owned 585,095 Melco Resorts ordinary shares as of March 17, 2026, rather than the 585,093 shares reported in the original Form 3.
Does the Melco Resorts (MLCO) Form 3/A show any new insider buying or selling?
The Form 3/A does not show new insider buying or selling. It only amends the previously reported beneficial ownership, correcting the number of ordinary shares held as of March 17, 2026, from 585,093 to 585,095.
Who is the reporting person in the Melco Resorts (MLCO) Form 3/A?
The reporting person is director Tsui Yiu Wa Alec. The amendment updates his beneficial ownership of Melco Resorts ordinary shares, confirming a holding of 585,095 shares as of March 17, 2026, with direct ownership reported in the filing.
What type of Melco Resorts (MLCO) security is reported in this Form 3/A?
The filing reports holdings of Melco Resorts ordinary shares with a par value of US$0.01 per ordinary share. The amendment specifically corrects the number of these ordinary shares beneficially owned by director Alec Tsui as of March 17, 2026.