DAVIS GEOFFREY STUART 4

What Happened
Geoffrey Stuart Davis, CFO of Melco Resorts & Entertainment (MLCO), had 115,677 shares disposed on April 6, 2026 to satisfy an exercise price or tax liability. The shares were recorded at $1.89 each, for a total value of approximately $218,630. This was a withholding/payment related to an equity award or option exercise—not an open-market sale.

Key Details

• Transaction date: 2026-04-06; Filing date: 2026-04-08 (filed within the typical two-business-day Form 4 window).
• Price: $1.89 per share; Shares involved: 115,677; Total value: ~$218,630.
• Transaction code: F — payment of exercise price or tax liability (shares surrendered/withheld).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• This is a routine withholding to cover taxes/exercise costs, not a market sale indicating immediate liquidity.

Context
Code F transactions commonly occur when executives exercise options or vest restricted stock and the company withholds some shares to cover taxes or exercise costs (a cashless/withholding settlement). These transactions generally reflect tax mechanics rather than a personal decision to sell shares in the market and therefore are less informative about the insider’s view of the company’s stock.