Melco Resorts (MLCO) CFO Geoffrey Davis Withholds 102,639 Shares

What Happened

• Geoffrey Stuart Davis, Chief Financial Officer of Melco Resorts & Entertainment Ltd (MLCO), had 102,639 shares withheld to satisfy a tax liability related to equity compensation. The shares were recorded at $1.89 each, for a total value of $193,988. This is a tax-withholding disposition (not an open-market sale or new purchase).

Key Details

• Transaction date: 2026-04-02; Filing date: 2026-04-06 (appears filed after the typical 2-business-day Form 4 window).
• Price per share: $1.89; Shares withheld/disposed: 102,639; Total value: $193,988.
• Transaction code: F — payment of exercise price or tax liability via delivery/withholding of securities.
• Shares owned after transaction: not specified in the provided filing (check the full Form 4 for post-transaction holdings).
• Filing timeliness: filed Apr 6 for an Apr 2 transaction — appears late relative to the usual Form 4 deadline.

Context

• This was a tax-withholding disposal tied to equity compensation (e.g., an option exercise or restricted stock vesting). Withholding/share delivery is routine and does not necessarily signal the insider’s view of the company; it simply satisfies tax obligations rather than representing an open-market sale or a bullish purchase.