[144] Boyd Gaming Corporation SEC Filing

Rhea-AI Filing Summary

Boyd Gaming Corp. (BYD) – Form 144 notice: An insider plans to sell up to 15,906 common shares via Morgan Stanley Smith Barney on or about 01 Aug 2025. At the stated market price of roughly $83.30, the proposed transaction totals about $1.32 million. The shares equal only ~0.02 % of the 80.18 million shares outstanding, so dilution or ownership-structure impact is minimal. The stock originates from recent equity-comp grants: 7,943 performance shares (Feb 2025), 1,453 performance shares (Feb 2024) and 6,510 restricted shares (Dec 2024). The filer reports no sales during the prior three months and certifies awareness of no undisclosed adverse information. Form 144 is a pre-sale notice; execution is optional, but it signals potential insider profit-taking and adds to future trading supply.

Insights

Securities Analyst

TL;DR: Small insider sale (~0.02 % float); negligible financial impact but may weigh on sentiment.

The filing authorises resale of $1.3 million in BYD shares obtained through compensation awards. Volume is immaterial relative to daily trading and share count, so financial metrics, EPS, and liquidity remain unchanged. However, insider intent to monetise equity can be viewed as a soft negative signal if other executives follow suit or if it coincides with peak valuations. Lack of additional recent sales and the routine nature of equity-comp distributions temper concerns.

Corporate Governance Expert

TL;DR: Routine Rule 144 filing; governance compliance intact; insider diversification likely motive.

The notice satisfies SEC Rule 144 disclosure requirements and affirms the filer’s absence of undisclosed material information, supporting transparency. Size and staggered vesting dates suggest ordinary diversification rather than strategic exit. No aggregation with other insider transactions was necessary, indicating limited governance risk.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	15906	1324225.40	80184203	08/01/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/21/2025	Performance Shares	Issuer			7943	02/21/2025	Not Applicable
Common	02/28/2024	Performance Shares	Issuer			1453	02/28/2024	Not Applicable
Common	12/16/2024	Restricted Stock	Issuer			6510	12/16/2024	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Boyd Gaming (BYD) shares are being registered for sale?

Up to 15,906 common shares are covered by this Form 144 notice.

What is the estimated value of the proposed BYD share sale?

The aggregate market value is approximately $1.32 million based on the filing price reference.

When could the BYD insider start selling the shares?

The approximate sale date disclosed is 01 August 2025.

What percentage of BYD’s outstanding shares does the filing cover?

Only about 0.02 % of the 80.18 million shares outstanding.

Where will the BYD shares be sold?

The filing lists the NYSE as the intended exchange, with Morgan Stanley Smith Barney as broker.