HO LAWRENCE YAU LUNG 4

What Happened
Lawrence Yau Lung Ho, CEO of Melco Resorts & Entertainment Ltd. (MLCO), received a grant of 4,692,735 restricted ordinary shares on May 8, 2026. The grant was reported at a $0.00 acquisition price (no cash paid at grant), so the immediate reported transaction value is $0. The award was made under the company’s 2021 Share Incentive Plan.

Key Details

• Transaction date and price: 2026-05-08; 4,692,735 shares acquired at $0.00 per share (reported value $0).
• Vesting: Per the filing, the restricted shares vest in three equal installments — one‑third at 12 months, one‑third at 24 months, and one‑third at 36 months from grant — and are conditioned on continued service (see footnote F1).
• Shares owned after transaction: The Form 4 does not state a total MLCO share count held by Mr. Ho after this grant.
• Notable footnotes: F1 describes the vesting schedule and conditions; F2–F3 disclose related record holdings through affiliated entities/trusts (larger holdings are of Melco International entities and trusts tied to Mr. Ho).
• Filing timeliness: Report filed on 2026-05-12 for a 2026-05-08 grant — filed within the normal Form 4 reporting window.

Context
This was a compensation award of restricted shares (not an open‑market purchase or sale). Restricted-share grants are common executive compensation and vest over time, so they reflect future ownership only if the vesting conditions are met; they do not necessarily indicate immediate buying or selling intent. The filing also notes related-party and trust holdings tied to Mr. Ho in footnotes, which disclose broader beneficial interests in affiliated entities.