Studio City: Silver Point buys 1.09M depositary shares

The reported ADS are held by Silver Point-managed funds, while the two director-members disclaim beneficial ownership except to the extent of their pecuniary interests.

Rhea-AI Filing Summary

Studio City International Holdings Ltd. (MSC) had two American Depositary Share purchases reported by Silver Point Capital L.P.: 1,092,000 ADS at $0.85 each on September 25, 2026, and 65,000 ADS at $0.77 each on September 24, 2026. The reported securities are held by funds managed by Silver Point or its wholly owned subsidiaries. Directors and ten percent owners Edward A. Mule and Robert J. O'Shea are members of Silver Point Capital Management, LLC and may be deemed beneficial owners, but disclaim ownership except to the extent of their pecuniary interests. A direct-holding entry showed 400 Class A Ordinary Shares following the September 24, 2026 transaction. Each ADS is convertible, at the holder's election, into four Class A Ordinary Shares. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 1,157,000 shares

Net Buy 3 txns

Insider Silver Point Capital L.P., MULE EDWARD A, O'Shea Robert J

Role Director, 10% Owner | Director, 10% Owner | Director, 10% Owner

Bought 1,157,000 shs ($978K)

Type	Security	Shares	Price	Value
Purchase	American Depositary Shares F3, F1, F2	1,092,000	$0.85	$928K
Purchase	American Depositary Shares F3, F1, F2	65,000	$0.77	$50K
holding	Class A Ordinary Shares F1, F2	--	--	--

Holdings After Transaction: American Depositary Shares — 29,727,463 contracts (Direct); Class A Ordinary Shares — 400 shares (Direct)

Footnotes (3)

1. F1. Silver Point Capital, L.P. ("Silver Point") or its wholly owned subsidiaries are the investment managers of Silver Point Capital Fund, L.P., Silver Point Capital Offshore Master Fund, L.P., Silver Point Distressed Opportunities Fund, L.P., Silver Point Distressed Opportunities Offshore Master Fund, L.P., Silver Point Distressed Opportunity Institutional Partners Master Fund (Offshore), L.P. and Silver Point Distressed Opportunity Institutional Partners, L.P. (the "Funds") and, by reason of such status, may be deemed to be the beneficial owner of all the reported securities held by the Funds. Silver Point Capital Management, LLC ("Management") is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of all securities held by the Funds. Messrs. Edward A. Mule and Robert J. O'Shea are each members of Management and as a result may be deemed to be the beneficial owner of all of the securities held by the Funds. Messrs. Mule and O'Shea disclaim
2. F2. (continued from footnote 1) beneficial ownership of the reported securities held by Funds except to the extent of their pecuniary interests.
3. F3. Each American Depositary Share is convertible at any time, at the holder's election, into four Class A Ordinary Shares of the issuer. The American Depositary Shares have no expiration date.

Key Figures

ADS purchased: 1,092,000 shares Purchase price per ADS: $0.85 ADS purchased: 65,000 shares +3 more

6 metrics

ADS purchased 1,092,000 shares September 25, 2026

Purchase price per ADS $0.85 September 25, 2026

ADS purchased 65,000 shares September 24, 2026

Purchase price per ADS $0.77 September 24, 2026

Direct Class A Ordinary Shares 400 shares Reported following the September 24, 2026 transaction

ADS conversion ratio 4 Class A Ordinary Shares per ADS Convertible at the holder's election

Key Terms

American Depositary Share, beneficial owner, pecuniary interests

3 terms

American Depositary Share financial

"Each American Depositary Share is convertible at any time"

An American Depositary Share (ADS) is a U.S.-listed certificate that represents a specified number of shares in a foreign company, held by a custodian bank; it works like a receipt that allows U.S. investors to buy and trade foreign equity on American exchanges without dealing with another country’s markets. Investors care because ADSs make foreign stocks easier to access, improve liquidity and settlement in dollars, and can affect dividend payments, voting rights and regulatory oversight compared with buying the underlying foreign shares directly.

beneficial owner financial

"may be deemed to be the beneficial owner of all the reported securities held by the Funds"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

pecuniary interests financial

"except to the extent of their pecuniary interests"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many MSC American Depositary Shares did Silver Point buy, and at what prices?

Silver Point Capital L.P. reported purchases of 1,092,000 ADS at $0.85 each on September 25, 2026, and 65,000 ADS at $0.77 each on September 24, 2026. No Rule 10b5-1 plan is reported.

What can MSC American Depositary Shares convert into?

Each American Depositary Share is convertible at any time, at the holder's election, into four Class A Ordinary Shares. The ADS have no expiration date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/28/2026 - 04:05 PM Accepted by SEC EDGAR 09/28/2026 - 04:05 PM Learn about SEC filing dates

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^*

Silver Point Capital L.P.

(Last) (First) (Middle)

TWO GREENWICH PLAZA, SUITE 1

(Street)

GREENWICH CONNECTICUT 06830

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
STUDIO CITY INTERNATIONAL HOLDINGS Ltd [ MSC ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2026

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

	Form filed by One Reporting Person
X	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
Class A Ordinary Shares								400	D(1)(2)

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
American Depositary Shares	(3)	09/24/2026		P		65,000		(3)	(3)	Class A Ordinary Shares	(3)	$0.77	28,635,463	D(1)(2)
American Depositary Shares	(3)	09/25/2026		P		1,092,000		(3)	(3)	Class A Ordinary Shares	(3)	$0.85	29,727,463	D(1)(2)

1. Name and Address of Reporting Person^*

Silver Point Capital L.P.

(Last) (First) (Middle)

TWO GREENWICH PLAZA, SUITE 1

(Street)

GREENWICH CONNECTICUT 06830

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

MULE EDWARD A

(Last) (First) (Middle)

TWO GREENWICH PLAZA, SUITE 1

(Street)

GREENWICH CONNECTICUT 06830

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

O'Shea Robert J

(Last) (First) (Middle)

TWO GREENWICH PLAZA, SUITE 1

(Street)

GREENWICH CONNECTICUT 06830

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. Silver Point Capital, L.P. ("Silver Point") or its wholly owned subsidiaries are the investment managers of Silver Point Capital Fund, L.P., Silver Point Capital Offshore Master Fund, L.P., Silver Point Distressed Opportunities Fund, L.P., Silver Point Distressed Opportunities Offshore Master Fund, L.P., Silver Point Distressed Opportunity Institutional Partners Master Fund (Offshore), L.P. and Silver Point Distressed Opportunity Institutional Partners, L.P. (the "Funds") and, by reason of such status, may be deemed to be the beneficial owner of all the reported securities held by the Funds. Silver Point Capital Management, LLC ("Management") is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of all securities held by the Funds. Messrs. Edward A. Mule and Robert J. O'Shea are each members of Management and as a result may be deemed to be the beneficial owner of all of the securities held by the Funds. Messrs. Mule and O'Shea disclaim

2. (continued from footnote 1) beneficial ownership of the reported securities held by Funds except to the extent of their pecuniary interests.

3. Each American Depositary Share is convertible at any time, at the holder's election, into four Class A Ordinary Shares of the issuer. The American Depositary Shares have no expiration date.

	/s/ Steven Weiser, Authorized Signatory on behalf of Silver Point Capital, L.P.	09/28/2026
	/s/ Steven Weiser (as attorney-in-fact on behalf of Edward A. Mule, individually)	09/28/2026
	/s/ Steven Weiser (as attorney-in-fact on behalf of Robert J. O'Shea, individually)	09/28/2026
	** 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)