Hyzak Randy 4

What Happened
Randy Hyzak, Executive Vice President & Chief Financial Officer of Las Vegas Sands Corp., had 14,036 restricted stock units (RSUs) convert into 14,036 shares of LVS common stock on Feb 3, 2026 (transaction code M — exercise/conversion of a derivative). The filing shows an acquisition of 14,036 shares at $0.00 and a simultaneous disposition of 14,036 shares at $0.00; no cash value or proceeds are reported in the transaction lines.

Key Details

• Transaction date: February 3, 2026; Form 4 filed Feb 5, 2026 (timely filing).
• Transaction code: M (exercise/conversion of a derivative); both Acquisition and Disposition entries for 14,036 shares at $0.00.
• Shares owned after transaction: not specified in the excerpted filing.
• Footnotes: F1–F3 indicate these were RSUs that settle one-for-one into common stock. F3 notes the RSU grant was 42,532 units on Feb 3, 2025 vesting 33%/33%/34% on each anniversary (this appears to be the first anniversary tranche).
• No cash amounts or proceeds reported in the transaction lines.

Context
This was not an open-market purchase (which might be a bullish signal) but the conversion/settlement of RSUs upon vesting. The simultaneous disposition of the same number of shares is commonly used to cover taxes or reflect immediate sale/withholding, though the Form 4 here does not state the reason or show cash proceeds. The RSU grant and vesting schedule in the footnotes explain why ~14,036 shares vested one year after the Feb 3, 2025 grant.