Melco CEO Lawrence Ho gifts 26.4M shares
Rhea-AI Filing Summary
Melco Resorts & Entertainment LTD (MLCO) reports that Chief Executive Officer and director Lawrence Yau Lung Ho made bona fide gifts of a total of 26,440,086 ordinary shares on September 16, 2026, as part of a generational wealth planning exercise involving an irrevocable, professionally managed trust.
These gifts comprised 16,505,664 shares transferred from his direct holdings and 9,934,422 shares transferred from shares owned of record by Black Spade Capital Limited, which is held by companies owned by a trust associated with Mr. Ho. Following these transfers, he continues to directly hold 8,797,083 unvested restricted shares granted under Melco’s 2021 Share Incentive Plan, and he also has indirect interests through entities including Melco Leisure and Entertainment Group Limited and Melco International Development Limited as described in the notes.
Positive
- None.
Negative
- None.
Insider Trade Summary
26,440,086 shares gifted
Gift
3 txns
Insider
HO LAWRENCE YAU LUNG
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Ordinary shares F1, F2 | 16,505,664 | $0.00 | $0.00 |
| Gift | Ordinary shares F1, F3 | 9,934,422 | $0.00 | $0.00 |
| holding | Ordinary shares F4 | -- | -- | -- |
Holdings After Transaction:
Ordinary shares — 8,797,083 shares (Direct);
Ordinary shares — 687,360,906 shares (Indirect, By Corporation)
Footnotes (4)
- F1. The transaction involved a transfer of ordinary shares by gift from the reporting person to an irrevocable, professionally-managed trust as part of a generational wealth planning exercise.
- F2. Comprises unvested 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 will be delivered on vesting of the shares
- 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.
- F4. 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.
Key Figures
Total shares gifted: 26,440,086 ordinary shares
Direct shares gifted: 16,505,664 ordinary shares
Indirect shares gifted: 9,934,422 ordinary shares
+3 more
6 metrics
Total shares gifted
26,440,086 ordinary shares
Bona fide gifts of MLCO ordinary shares on September 16, 2026
Direct shares gifted
16,505,664 ordinary shares
Transferred by gift from Lawrence Ho’s direct holdings
Indirect shares gifted
9,934,422 ordinary shares
Transferred by gift from shares owned of record by Black Spade Capital Limited
Direct MLCO holdings after transaction
8,797,083 ordinary shares
Unvested restricted shares directly held by Lawrence Ho after the gifts
Melco International shares personally held
36,606,126 ordinary shares
Ordinary shares of Melco International Development Limited personally held by Lawrence Ho
Melco International deemed interest
1,359,666,283 ordinary shares
Aggregate ordinary shares of Melco International in which he is deemed interested under Hong Kong law
Key Terms
bona fide gift, irrevocable, professionally-managed trust, restricted shares, 2021 Share Incentive Plan, +1 more
5 terms
bona fide gift regulatory
"The transactions are coded as a bona fide gift of ordinary shares"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
irrevocable, professionally-managed trust financial
"transfer of ordinary shares by gift to an irrevocable, professionally-managed trust"
Securities and Futures Ordinance regulatory
"deemed to be interested ... under the Securities and Futures Ordinance of the Laws of Hong Kong"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did MLCO CEO Lawrence Ho report in this Form 4?
He reported two bona fide gift transfers of Melco Resorts & Entertainment LTD ordinary shares on September 16, 2026, totaling 26,440,086 shares, made to an irrevocable, professionally managed trust as part of a generational wealth planning exercise.
What are Lawrence Ho’s remaining direct MLCO holdings after these gifts?
After the gifts, Lawrence Ho directly holds 8,797,083 unvested restricted shares of Melco Resorts & Entertainment LTD. These restricted shares were granted under the company’s 2021 Share Incentive Plan and will be delivered to him upon vesting.
What does the filing say about Lawrence Ho’s interests in Melco International Development Limited?
The notes state that he personally holds 36,606,126 ordinary shares of Melco International Development Limited and is deemed interested in an aggregate of 1,359,666,283 ordinary shares of that company under the Securities and Futures Ordinance of Hong Kong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
