Melco Resorts (MLCO) CEO Lawrence Ho reports large direct and indirect shareholdings
Rhea-AI Filing Summary
Melco Resorts & Entertainment Limited director and CEO Lawrence Ho filed an initial ownership report showing large existing stakes in the company’s ordinary shares. He reports 20,610,012 ordinary shares held directly and additional indirect holdings of 687,360,906 and 9,934,422 ordinary shares through corporations associated with him.
The filing also notes 7,214,295 restricted shares granted under the 2021 Share Incentive Plan. These restricted shares vest in tranches on April 2, 2026, April 3, 2026, April 5, 2026, April 2, 2027, April 3, 2027 and April 2, 2028, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
HO LAWRENCE YAU LUNG
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary shares, par value US$0.01 per ordinary share | -- | -- | -- |
| holding | Ordinary shares, par value US$0.01 per ordinary share | -- | -- | -- |
| holding | Ordinary shares, par value US$0.01 per ordinary share | -- | -- | -- |
Holdings After Transaction:
Ordinary shares, par value US$0.01 per ordinary share — 20,610,012 shares (Direct);
Ordinary shares, par value US$0.01 per ordinary share — 697,295,328 shares (Indirect, By Corporation)
Footnotes (3)
- F1. Includes 7,214,295 restricted shares, par value US$0.01 per share, of Melco Resorts & Entertainment Limited (the "Company") granted to the reporting person pursuant to the Company's 2021 Share Incentive Plan, which are delivered on vesting of the shares. The restricted shares vest as follows: 1,575,984 ordinary shares on April 2, 2026, 952,380 ordinary shares on April 3, 2026, 581,583 ordinary shares on April 5, 2026, 1,575,984 ordinary shares on April 2, 2027, 952,380 ordinary shares on April 3, 2027, and 1,575,984 ordinary shares on April 2, 2028, in each case conditioned on, inter alia, continued service through the applicable vesting date.
- F2. Ordinary shares owned of record by Melco Leisure and Entertainment Group Limited, which is a wholly-owned subsidiary of Melco International Development Limited ("Melco International"). Mr. Ho personally holds 36,606,126 ordinary shares of Melco International. Mr. Ho is deemed to be interested in an aggregate of 1,359,666,283 ordinary shares of Melco International under the Securities and Futures Ordinance of the Laws of Hong Kong, including (i) an aggregate of 884,536,660 ordinary shares of Melco International held by companies owned or controlled by persons and/or trusts associated with Mr. Ho, (ii) an aggregate of 470,917,521 ordinary shares of Melco International held by companies which are controlled by discretionary family trusts in which Mr. Ho is one of the beneficiaries, and (iii) 4,212,102 ordinary shares of Melco International held by his spouse.
- F3. Ordinary shares owned of record by Black Spade Capital Limited, which in turn is held by companies owned by a trust associated with Mr. Ho.
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FAQ
What does Lawrence Ho’s Form 3 filing show for Melco Resorts (MLCO)?
The Form 3 shows Lawrence Ho’s existing ownership in Melco Resorts ordinary shares, including large direct and indirect stakes. It is an initial disclosure of holdings, not a report of new share purchases, sales, or option exercises.
What indirect Melco Resorts (MLCO) holdings are reported in the Form 3?
The filing reports 687,360,906 ordinary shares and 9,934,422 ordinary shares held indirectly through corporations associated with Lawrence Ho. These positions are recorded as indirect ownership, reflecting shares registered to corporate entities rather than to him personally.