Boyd Gaming (NYSE: BYD) CAO Stephen Thompson sells 19,530 shares

Rhea-AI Filing Summary

Boyd Gaming Chief Administrative Officer Stephen S. Thompson reported an open-market sale of 19,530 shares of common stock. The sale took place on February 27, 2026 at a weighted average price of $83.59 per share, executed in multiple trades between $83.28 and $83.99.

After this sale, Thompson directly held 22,009 shares of Boyd Gaming common stock. He also had indirect ownership of 47,125 shares through the Stephen S. and Debra L. Thompson Trust dated December 17, 2015.

Insights

Equity compensation and insider-trading analyst

Form 4 shows an open-market sale by a senior executive, typical of liquidity or diversification moves.

The filing shows Stephen S. Thompson, Chief Administrative Officer of Boyd Gaming, executed an open-market sale of 19,530 common shares at a weighted average price of $83.59 on February 27, 2026. The transaction was carried out in multiple trades within a narrow price range.

Following the sale, Thompson retained 22,009 shares held directly and 47,125 shares held indirectly via the Stephen S. and Debra L. Thompson Trust dated December 17, 2015. The filing does not state a specific reason for the sale, so interpretation typically depends on future company disclosures and subsequent insider activity.

Insider Trade Summary

Net Seller: 19,530 shares ($1,632,513)

Net Sell 2 txns

Insider Thompson Stephen S.

Role Chief Administrative Officer

Sold 19,530 shs ($1.63M)

Type	Security	Shares	Price	Value
Sale	Common Stock	19,530	$83.59	$1.63M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 22,009 shares (Direct); Common Stock — 47,125 shares (Indirect, By Trust)

Footnotes (1)

1. This transaction was executed in multiple trades at prices ranging from $83.28 to $83.99. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. By Stephen S. and Debra L. Thompson Trust dated December 17, 2015.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Thompson Stephen S.

(Last) (First) (Middle)

6465 S. RAINBOW BLVD.

(Street)

LAS VEGAS NV 89118

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BOYD GAMING CORP [ BYD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Administrative Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/27/2026		S		19,530	D	$83.59(1)	22,009	D
Common Stock								47,125	I	By Trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $83.28 to $83.99. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

2. By Stephen S. and Debra L. Thompson Trust dated December 17, 2015.

	/s/ Uri Clinton, attorney-in-fact for Stephen S. Thompson	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Boyd Gaming (BYD) report for Stephen S. Thompson?

Boyd Gaming reported that Chief Administrative Officer Stephen S. Thompson sold 19,530 shares of common stock in an open-market transaction on February 27, 2026, at a weighted average price of $83.59 per share, executed across multiple trades within a narrow price range.

At what price did Stephen S. Thompson sell Boyd Gaming (BYD) shares?

Stephen S. Thompson sold Boyd Gaming common stock at a weighted average price of $83.59 per share. The trades occurred in multiple executions, with prices ranging from $83.28 to $83.99, as disclosed in the transaction footnote for the February 27, 2026 sale.

How many Boyd Gaming (BYD) shares does Stephen S. Thompson hold after this Form 4 transaction?

After the reported sale, Stephen S. Thompson directly holds 22,009 Boyd Gaming common shares. He also has indirect ownership of 47,125 additional shares through the Stephen S. and Debra L. Thompson Trust dated December 17, 2015, as indicated in the ownership detail section.

What role does Stephen S. Thompson hold at Boyd Gaming (BYD)?

Stephen S. Thompson serves as Chief Administrative Officer at Boyd Gaming. His status as an officer makes his share transactions subject to Form 4 reporting requirements, providing investors with timely information about his changes in beneficial ownership of the company’s common stock.

Was the Boyd Gaming (BYD) insider sale by Stephen S. Thompson a direct or indirect transaction?

The 19,530-share sale reported on February 27, 2026 was a direct transaction, categorized as an open-market sale. In addition, the filing lists a separate indirect holding of 47,125 shares owned through the Stephen S. and Debra L. Thompson Trust, which reflects ongoing indirect ownership.

What does the trust holding in the Boyd Gaming (BYD) Form 4 represent?

The Form 4 notes that 47,125 Boyd Gaming shares are held indirectly by the Stephen S. and Debra L. Thompson Trust dated December 17, 2015. This indicates a separate ownership line, distinct from Thompson’s directly held 22,009 shares after the reported open-market sale.