Las Vegas Sands (LVS) Corp Chairman and CEO, Robert Goldstein, has sold off 300,000 shares of common stock in the company and is expected to sell off more – and possibly all – of his remaining shares before he transitions to an advisor role in March 2026.
The company revealed via a filing that Goldstein intends to sell “some or all of his holdings” in LVS for “financial diversification purposes”, including shares of common stock underlying his vested option awards.
The 300,000 shares of common stock sold on 27 October were valued at around US$17.8 million based on the company’s closing price of US$59.44.
LVS stated in its filing that timing and amount of share sales will depend on a variety of factors but that “Goldstein’s belief in the company’s prospects remains strong, and the stock sales are intended solely for financial diversification purposes.”
LVS announced in March of this year that Goldstein would from 1 March 2026 transition to a Senior Advisor role, with current President and COO Patrick Dumont flagged to replace him in the top job.
Expected to serve as an advisor for two years, Goldstein will assist management with its government relations activities, efforts to pursue new physical development opportunities and the company’s gaming strategies, LVS explained at the time.
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