Las Vegas Sands (LVS) Miriam Adelson Gifts 175.44M Shares

What Happened
Miriam Adelson (10% owner) made multiple gift transfers of Las Vegas Sands (LVS) common stock on 2026-06-16. The filing shows two dispositions (87,718,919 and 87,718,918 shares) and four acquisitions (43,859,460; 43,859,459; 43,859,459; 43,859,459 shares) — a total of 175,437,837 shares moved. All transfers were gifts at $0.00 per share (no cash exchanged), so there were no sale proceeds and no change in aggregate economic ownership reported.

Key Details

• Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (filed two days after the transfers, appearing timely).
• Transaction type/code: Gift (G). Price per share: $0.00; total value: $0.
• Net effect: Total disposed equals total acquired (175,437,837 shares transferred internally) — no reported change in overall holdings.
• Footnotes: F1 — transfers made for no consideration among one or more members of or trusts for the benefit of the Adelson family. F2 — transfers reflect exemption under Rule 16a-13 of the Securities Exchange Act (intrafamily/trust transfers).
• Insider status: Miriam Adelson is reported as a 10% owner (not an executive open-market trade).

Context
These were gifts/transfers among family members or family trusts and are generally administrative or estate-planning moves, not open-market buys or sells; they do not necessarily indicate the insider’s view of the company’s stock. For 10% owners, such reallocations are common and are treated differently from trading by executives.