BYD Form 144: Insider to Sell 3,226 Shares Valued at $263,110.44
Rhea-AI Filing Summary
Boyd Gaming Corporation (BYD) submitted a Form 144 proposing the sale of 3,226 shares of common stock through Wells Fargo Clearing Services. The shares have an aggregate market value of $263,110.44 and the sale is listed for the NYSE with an approximate sale date of 08/11/2025. The company shows 80,184,203 shares outstanding, so the proposed sale represents roughly 0.004% of the outstanding common stock.
The notice states the shares were acquired as stock grants from the issuer on 04/02/2025 and paid for on that date. The filer reports no sales in the past three months and includes the standard Rule 144/Rule 10b5-1 representation language on absent undisclosed material information.
Positive
- None.
Negative
- None.
Insights
TL;DR: A small, routine Form 144 sale of recently granted shares; immaterial to capitalization and unlikely to move the stock.
The filing discloses a proposed sale of 3,226 shares valued at $263,110.44 against 80,184,203 shares outstanding, or about 0.004% of the float. Such a negligible percentage implies limited market impact and no immediate dilution concern. The acquisition via stock grants on 04/02/2025 indicates the shares are recent compensatory awards rather than proceeds from a large, pre-existing holding. No other sales in the prior three months were reported, reducing the likelihood of a pattern of material insider liquidation in this filing.
TL;DR: Compliance-focused disclosure consistent with Rule 144; includes standard representations about material undisclosed information.
The Form 144 includes routine attestations that the seller is not aware of undisclosed material information and references the Rule 10b5-1 trading plan language without indicating a plan date. The sale is of shares acquired as stock grants, which commonly occur under executive or employee compensation programs. Given the small size of the reported sale relative to outstanding shares, this filing reads as a standard compliance notice rather than a governance red flag.