BYD Form 144: 2,500 Performance Shares Proposed for Sale via Morgan Stanley

Rhea-AI Filing Summary

Boyd Gaming Corporation filed a Form 144 notice under Rule 144 indicating that 2,500 common shares will be offered for sale through Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004 on the NYSE with an approximate sale date of 08/08/2025. The aggregate market value of the shares at the time of filing is $205,218.50 and the issuer has 80,184,203 shares outstanding.

The securities were acquired from the issuer as performance shares on 02/21/2025 and payment was recorded on that date. The filing reports "Nothing to Report" for any sales in the past three months. The filer certifies they are not aware of any undisclosed material adverse information and references the representation related to trading plans or 10b5-1 instructions.

Insights

Securities Analyst

TL;DR: Routine Form 144: small insider sale of 2,500 shares (~$205k) appears immaterial given 80.18M shares outstanding.

The filing notifies a proposed sale of 2,500 common shares with an aggregate market value of $205,218.50. Relative to the issuer's reported 80,184,203 outstanding shares, the block represents roughly 0.0031% of outstanding shares, indicating the transaction is unlikely to be material to equity valuation or trading liquidity. The securities were acquired as performance shares on 02/21/2025 and there are no reported sales by the person in the prior three months, which supports a routine disclosure profile rather than a signal of broader insider selling activity.

Corporate Governance Expert

TL;DR: Standard Rule 144 notice with issuer-acquired performance shares and the required certification; no material governance concerns disclosed.

The notice includes the customary representation that the selling person is unaware of undisclosed material adverse information and references the potential adoption of trading plans or 10b5-1 instructions. The shares were issued by the company as performance compensation and paid for on 02/21/2025, then listed for proposed sale under Rule 144. Given the small size of the proposed sale and the explicit declaration of no recent sales, the filing does not raise immediate governance red flags based on the disclosed facts.

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	2500	205218.50	80184203	08/08/2025	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			2500	02/21/2025	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 offered for sale in this Form 144?

The filing states 2,500 common shares are proposed to be sold.

What is the aggregate market value of the shares in the BYD Form 144?

The aggregate market value is reported as $205,218.50.

Who is the broker handling the proposed sale for BYD?

The broker listed is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.

When were the shares being sold acquired by the seller?

The shares were acquired as performance shares on 02/21/2025, with payment noted on that date.

Has the seller reported any other sales of the issuer's securities in the past three months?

The filing reports "Nothing to Report" for securities sold during the past three months.