Form 4: Miriam Adelson Reports Changes in Beneficial Ownership of Las Vegas Sands Corp (LVS)
SEC Form 4
Miriam Adelson, a director and 10% owner of Las Vegas Sands Corp, reported several transactions involving the transfer of common stock among family members and trusts.
Summary
- Miriam Adelson, a director and significant shareholder of Las Vegas Sands Corp (LVS), filed a Form 4 detailing changes in her beneficial ownership.
- On March 13, 2024, 3,019,000 shares of common stock were acquired by Trust A for the benefit of Adelson family members.
- On May 9, 2024, an additional 973,400 shares were acquired by Trust A.
- On August 28, 2024, Trust A acquired 804,700 shares and Trust G disposed of 1,529,700 shares.
- These transactions involved transfers among family members and trusts for no consideration.
- After these transactions, Miriam Adelson's indirect ownership includes 8,697,016 shares held by Trust A, no shares held by Trust G, 5,360,300 shares held directly, 12,566,710 shares held by an Adelson family investment vehicle, and 318,592,319 shares held by family members or trusts not reported above.
- The reported transactions are exempt under Rule 16a-13 of the Securities Exchange Act of 1934.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The transactions appear to be internal restructuring within the Adelson family's holdings, with no cash consideration involved.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Related Party Transactions
- The transactions involve transfers among family members and trusts for the benefit of the Adelson family, indicating related-party dealings.
Stakeholder Impact
- The transactions may have a minor impact on shareholders as they reflect internal restructuring of ownership within the Adelson family.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Trust A acquired 3,019,000 shares of Las Vegas Sands Corp common stock. |
| 05/09/2024 | Trust A acquired 973,400 shares of Las Vegas Sands Corp common stock. |
| 08/28/2024 | Trust A acquired 804,700 shares and Trust G disposed of 1,529,700 shares of Las Vegas Sands Corp common stock. |
| 08/29/2024 | Date of signature for the Form 4 filing. |
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