Large share grant boosts Akiko Takahashi stake in Melco Resorts (MLCO)

Rhea-AI Filing Summary

Takahashi Akiko reported acquisition or exercise transactions in this Form 4 filing.

Melco Resorts & Entertainment LTD executive Akiko Takahashi reported an equity award and updated holdings. She received a grant of 472,851 ordinary shares at a stated price of $0.00 per share as a compensation-related award, increasing her direct ownership to 2,496,378 ordinary shares after the transaction.

According to the footnote, these are restricted shares granted under the company’s 2021 Share Incentive Plan. One-third of the shares vest 12 months from the grant date, another third after 24 months, and the final third after 36 months, conditioned on continued service and other specified conditions. She also reports indirect ownership of 210,675 ordinary shares as trustee of the Akiko Takahashi 2022 GRAT.

Insights

Equity compensation analyst

Routine long-term equity grant increases insider’s share exposure.

The filing shows Akiko Takahashi received 472,851 restricted ordinary shares of Melco Resorts & Entertainment LTD under the 2021 Share Incentive Plan. The grant is compensation-related rather than an open-market purchase, with a stated price of $0.00 per share.

The footnote describes a three-year vesting schedule: one-third after 12 months, one-third after 24 months, and one-third after 36 months from the grant date, subject to continued service and other conditions. This structure is typical for retention-focused awards and spreads actual share delivery over time.

Following the grant, Takahashi directly holds 2,496,378 ordinary shares and indirectly holds 210,675 ordinary shares as trustee of the Akiko Takahashi 2022 GRAT. As a non-market transaction tied to compensation, this event is generally viewed as administratively neutral rather than a trading signal.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Takahashi Akiko

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Ordinary shares	472,851	$0.00	--
holding	Ordinary shares	--	--	--

Holdings After Transaction: Ordinary shares — 2,496,378 shares (Direct, null); Ordinary shares — 210,675 shares (Indirect, As trustee of the Akiko Takahashi 2022 GRAT)

Footnotes (1)

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Key Figures

Restricted share grant: 472,851 ordinary shares Grant price: $0.00 per share Direct holdings after grant: 2,496,378 ordinary shares +2 more

5 metrics

Restricted share grant 472,851 ordinary shares Grant under 2021 Share Incentive Plan

Grant price $0.00 per share Stated transaction price for restricted shares

Direct holdings after grant 2,496,378 ordinary shares Total direct shares following transaction

Indirect holdings 210,675 ordinary shares Held as trustee of Akiko Takahashi 2022 GRAT

Vesting schedule 1/3 at 12, 24, 36 months Time-based vesting of restricted shares

Key Terms

restricted shares, 2021 Share Incentive Plan, vesting, GRAT

4 terms

restricted shares financial

"Consists of restricted shares granted to the Reporting Person pursuant to the Company's 2021 Share Incentive Plan"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

2021 Share Incentive Plan financial

"restricted shares granted to the Reporting Person pursuant to the Company's 2021 Share Incentive Plan"

vesting financial

"which are delivered on vesting of the shares"

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.

GRAT financial

"As trustee of the Akiko Takahashi 2022 GRAT"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Takahashi Akiko

(Last) (First) (Middle)

C/O MELCO RESORTS & ENTERTAINMENT

LIMITED 71 ROBINSON ROAD #04-03

(Street)

SINGAPORE SINGAPORE 068895

(City) (State) (Zip)

SINGAPORE

(Country)

2. Issuer Name and Ticker or Trading Symbol
Melco Resorts & Entertainment LTD [ MLCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary shares	05/08/2026		A(1)		472,851	A	$0	2,496,378	D
Ordinary shares								210,675	I	As trustee of the Akiko Takahashi 2022 GRAT

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Consists of restricted shares granted to the Reporting Person pursuant to the Company's 2021 Share Incentive Plan, which are delivered on vesting of the shares. Of such shares, one-third vest 12 months from the grant date, one-third vest 24 months from the grant date, and one-third vest 36 months from the grant date, conditioned on, inter alia, continued service through the applicable vesting date.

Remarks:

Chief of Staff to Chairman and Chief Executive Officer

	/s/ Tim Y. Sung, attorney-in-fact for Akiko Takahashi	05/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Akiko Takahashi report in the latest Melco Resorts (MLCO) Form 4?

Akiko Takahashi reported receiving 472,851 restricted ordinary shares of Melco Resorts & Entertainment LTD as a compensation grant. The award was made under the company’s 2021 Share Incentive Plan and is subject to a multi-year vesting schedule tied to continued service.

How many Melco Resorts (MLCO) shares does Akiko Takahashi hold after this Form 4?

After the reported transactions, Akiko Takahashi directly holds 2,496,378 ordinary shares of Melco Resorts & Entertainment LTD. She also reports indirect ownership of 210,675 ordinary shares as trustee of the Akiko Takahashi 2022 GRAT, reflecting both personal and trust-related positions.

Is the Akiko Takahashi Melco Resorts (MLCO) Form 4 a market purchase or a grant?

The Form 4 shows a grant of 472,851 restricted ordinary shares to Akiko Takahashi, not a market purchase. The shares were awarded at a stated price of $0.00 per share as part of the 2021 Share Incentive Plan, with delivery occurring upon vesting over three years.

What is the vesting schedule for Akiko Takahashi’s Melco Resorts (MLCO) restricted shares?

The restricted shares vest in three equal installments over three years. One-third vest 12 months from the grant date, another third after 24 months, and the final third after 36 months, provided certain conditions are satisfied, including continued service through each applicable vesting date.

How are Akiko Takahashi’s indirect Melco Resorts (MLCO) holdings structured?

Akiko Takahashi reports indirect ownership of 210,675 ordinary shares as trustee of the Akiko Takahashi 2022 GRAT. A GRAT, or grantor retained annuity trust, is an estate-planning vehicle, and these shares are held in that trust structure rather than directly in her personal account.