Was Akiko Takahashi’s MLCO share transaction an open-market sale?

No, the MLCO transaction was not an open‑market sale. It was coded F, indicating shares were withheld to pay taxes or exercise costs. This tax-withholding disposition settles obligations and does not represent a voluntary decision to sell shares on the open market.

How significant is the 50,703-share tax withholding for MLCO ownership?

The 50,703-share tax withholding is relatively small compared with Akiko Takahashi’s remaining holdings. She still owns 2,023,527 shares directly plus 210,675 shares indirectly, so the filing reflects routine tax settlement instead of a major change in her MLCO ownership position.

Melco (NASDAQ: MLCO) exec withholds 50,703 shares to cover taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Melco Resorts & Entertainment LTD executive Akiko Takahashi had 50,703 ordinary shares withheld on April 6, 2026 to cover tax obligations, recorded as a tax-withholding disposition at $1.89 per share. This was not an open‑market sale. After the transaction, she held 2,023,527 ordinary shares directly. She also had 210,675 ordinary shares held indirectly as trustee of the Akiko Takahashi 2022 GRAT, showing a substantial remaining stake in the company.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Takahashi Akiko

Role See Remarks

Type	Security	Shares	Price	Value
Tax Withholding	Ordinary shares	50,703	$1.89	$96K
holding	Ordinary shares	--	--	--

Holdings After Transaction: Ordinary shares — 2,023,527 shares (Direct); Ordinary shares — 210,675 shares (Indirect, As trustee of the Akiko Takahashi 2022 GRAT)

Footnotes (1)

Key Figures

Tax-withheld shares: 50,703 shares Withholding price: $1.89 per share Direct holdings after transaction: 2,023,527 shares +2 more

5 metrics

Tax-withheld shares 50,703 shares Ordinary shares withheld for tax on April 6, 2026

Withholding price $1.89 per share Price used for tax-withholding disposition

Direct holdings after transaction 2,023,527 shares Ordinary shares held directly after April 6, 2026

Indirect holdings after transaction 210,675 shares Ordinary shares held indirectly as trustee of 2022 GRAT

Tax-withholding entries 1 transaction F-code tax-withholding disposition in this Form 4

Key Terms

tax-withholding disposition, Ordinary shares, GRAT, Form 4

4 terms

tax-withholding disposition financial

"recorded as a tax-withholding disposition at $1.89 per share"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Ordinary shares financial

"Melco Resorts & Entertainment LTD executive Akiko Takahashi had 50,703 ordinary shares withheld"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

GRAT financial

"held indirectly as trustee of the Akiko Takahashi 2022 GRAT"

Form 4 regulatory

"The F code in the MLCO Form 4 filing means shares were used"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

04/08/2026 - 06:12 AM

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

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)
04/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary shares	04/06/2026		F		50,703	D	$1.89	2,023,527	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

Remarks:

Chief of Staff to Chairman and Chief Executive Officer

	/s/ Tim Y. Sung, attorney-in-fact for Akiko Takahashi	04/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MLCO executive Akiko Takahashi report?

Akiko Takahashi reported a tax-related share disposition, where 50,703 Melco ordinary shares were withheld at $1.89 per share to satisfy tax obligations. This code F transaction reflects tax withholding rather than an open‑market sale or discretionary trading activity in MLCO stock.

How many Melco (MLCO) shares did Akiko Takahashi have after the filing?

After the tax-withholding disposition, Akiko Takahashi held 2,023,527 Melco ordinary shares directly. She also had 210,675 shares held indirectly as trustee of the Akiko Takahashi 2022 GRAT, indicating a large continuing ownership position in the company’s equity.

What does the F transaction code mean in the MLCO Form 4 filing?

The F code in the MLCO Form 4 filing means shares were used to pay tax or exercise costs. Here, 50,703 shares were withheld at $1.89 each, classified as a tax-withholding disposition, rather than a typical buy or sell order executed in the open market.