Dumont Patrick 4

What Happened
Patrick Dumont, Chairman & CEO and a director of Las Vegas Sands Corp. (LVS), exercised 61,740 stock options on 2026-03-17 (exercise price $52.53; cost $3,243,202) and simultaneously sold 60,165 of the resulting shares in the open market for a weighted average price of $54.75, generating proceeds of $3,294,034. A related derivative entry records the conversion/settlement of the options (61,740 shares). Per the filing, the sale was done to cover the exercise price and related tax withholding; Mr. Dumont retained the remaining shares from the exercise.

Key Details

• Transaction date: 2026-03-17 (Form 4 filed 2026-03-19; timely filing)
• Exercise: 61,740 shares exercised at $52.53 — total cost reported $3,243,202
• Sale: 60,165 shares sold at a weighted average of $54.75 — proceeds $3,294,034; sale prices ranged $54.73–$54.82 (footnote)
• Net retained from this exercise: 1,575 shares (61,740 acquired − 60,165 sold)
• Post-transaction holdings noted: 1,500,000 vested options remain outstanding and 203,690 restricted stock units are unvested
• Options exercised had an expiration date of March 28, 2026; sale described as covering exercise price and tax obligations (sell-to-cover/cashless-style)
• Footnotes: F1 provides per-trade price range and willingness to provide breakdown; F2 recounts historical vesting schedule for the options exercised

Context
This is an option exercise with a contemporaneous sale (commonly a sell-to-cover) rather than a straightforward open-market buy. Such transactions are often routine to satisfy exercise and tax obligations and do not necessarily signal a change in insider sentiment; Mr. Dumont retained a small number of shares and continues to hold substantial vested options and unvested RSUs.