Melco Resorts (MLCO) executive updates Form 3 option holdings and vesting
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
Melco Resorts & Entertainment LTD executive Takahashi Akiko filed an amended Form 3 to correct previously reported option holdings. The filing shows an option over 417,870 underlying Ordinary Shares with an exercise price of $2.5200 per share, expiring on April 2, 2034.
The footnote explains this amendment corrects a prior figure of 417,879 shares. The option was granted under the 2021 Share Incentive Plan, with 139,290 options already vested, 139,290 vesting on April 3, 2026 and 139,290 vesting on April 3, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Takahashi Akiko
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Option (Right to Buy) — 417,870 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Underlying option shares: 417,870 shares
Exercise price: $2.5200 per share
Expiration date: April 2, 2034
+3 more
6 metrics
Underlying option shares
417,870 shares
Option (Right to Buy) over Ordinary Shares
Exercise price
<money>$2.5200</money> per share
Option exercise price
Expiration date
<date>April 2, 2034</date>
Option expiration
Fully vested options
139,290 options
Already vested under 2021 Share Incentive Plan
Options vesting 2026
139,290 options
Vesting on April 3, 2026
Options vesting 2027
139,290 options
Vesting on April 3, 2027
Key Terms
Form 3, Option (Right to Buy, Ordinary Shares, 2021 Share Incentive Plan, +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.
Option (Right to Buy financial
"security_title": "Option (Right to Buy)""
vesting financial
"139,290 options vesting on April 3, 2026 and 139,290 options vesting on April 3, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What does the amended Form 3 for MLCO report for Takahashi Akiko?
The amended Form 3 reports corrected holdings of an option over 417,870 underlying Ordinary Shares. It updates a previously misstated figure and confirms the grant’s exercise price, expiration date, and vesting schedule under the 2021 Share Incentive Plan.
What option position does Takahashi Akiko hold in Melco Resorts (MLCO)?
Takahashi Akiko holds an option labeled “Option (Right to Buy)” over 417,870 underlying Ordinary Shares. The option carries an exercise price of $2.5200 per share and an expiration date of April 2, 2034, with a multi-year vesting schedule.
What correction is disclosed in this MLCO Form 3/A filing?
The amendment corrects the previously reported number of underlying shares from 417,879 to 417,870. This small adjustment aligns the reporting person’s option holdings with actual records while leaving the exercise price, expiration, and vesting terms unchanged.
How do the options in the MLCO Form 3/A vest over time?
The filing states 139,290 options are fully vested, 139,290 will vest on April 3, 2026, and another 139,290 will vest on April 3, 2027. This creates a three-tranche vesting structure for the 417,870 total option units.