Boyd Gaming (NYSE: BYD) chair sells 100,000 shares via family trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Boyd Gaming chairman Marianne Boyd Johnson reported indirect open-market sales totaling 100,000 shares of Boyd Gaming common stock through family trusts on May 1 and May 5, 2026. She sold 37,086 shares at an average price of $85.27 and 62,914 shares at $84.03.
After these transactions, one trust holds 1,672,722 shares and another trust holds 1,609,808 shares of Boyd Gaming common stock. The filing also lists additional indirect holdings through limited partnerships and LLCs, plus 39,088 shares held directly in her own name.
Positive
- None.
Negative
- None.
Insights
Boyd Gaming’s chair executed routine-sized insider stock sales via family trusts.
Marianne Boyd Johnson, Boyd Gaming’s chairman and a ten percent owner, reported net open-market sales of 100,000 common shares through trusts on May 1, 2026 and May 5, 2026, at average prices of $85.27 and $84.03.
The two reported selling trusts still hold 1,672,722 and 1,609,808 shares after the transactions, so each sale represents only a fraction of those specific indirect positions. Additional indirect stakes are reported via LLCs and a limited partnership, along with 39,088 shares held directly.
With no option exercises, gifts, or restructuring entries, this filing reflects straightforward, open-market sales and updated ownership levels. Future company filings can provide more context on any subsequent changes in Johnson’s aggregate direct and indirect holdings.
Insider Trade Summary
Net Seller: 100,000 shares ($8,448,987)
Net Sell
9 txns
Insider
JOHNSON MARIANNE BOYD
Role
Chairman
Sold
100,000 shs ($8.45M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 62,914 | $84.03 | $5.29M |
| Sale | Common Stock | 37,086 | $85.27 | $3.16M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,609,808 shares (Indirect, By Trust*);
Common Stock — 39,088 shares (Direct, null)
Footnotes (1)
- This transaction was executed in multiple transactions ranging from $86.27 to $85.00.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. This transaction was executed in multiple transactions ranging from $84.30 to $84.00.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 Marianne Boyd Johnson as Trustee of the Marianne Boyd Johnson Gaming Properties Trust. By BG-00 Limited Partnership, of which the Marianne Boyd Gaming Properties Trust, of which the reporting person is the trustee, settlor and beneficiary, is the general partner thereof. By WSB-BYD, LLC, of which the reporting person is the Manager. By the Johnson Children's Trust Dated 6/24/96, Taylor J. Boyd, Trustee. By Marianne Boyd Johnson as Trustee of the Justin Boyd Education Trust Dated 11/1/99. By BG-SUB, LLC of which Marianne Boyd Johnson is the managing member thereof. By BYD-SST LLC, of which Marianne Boyd Johnson is the managing member thereof.
Key Figures
Total shares sold: 100,000 shares
Sale price (May 5, 2026): $84.03 per share
Sale price (May 1, 2026): $85.27 per share
+3 more
6 metrics
Total shares sold
100,000 shares
Net open-market sales reported in this Form 4
Sale price (May 5, 2026)
$84.03 per share
62,914-share indirect open-market sale
Sale price (May 1, 2026)
$85.27 per share
37,086-share indirect open-market sale
Trust holdings after sale
1,672,722 shares
Boyd Gaming common stock held by one selling trust
Second trust holdings after sale
1,609,808 shares
Boyd Gaming common stock held by another selling trust
Direct holdings
39,088 shares
Boyd Gaming common stock held directly by Johnson
Key Terms
open-market sale, Limited Partnership, managing member, trustee, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for the common stock transactions"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Limited Partnership financial
"By BG-00 Limited Partnership, of which the Marianne Boyd Gaming Properties Trust..."
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
managing member financial
"By BG-SUB, LLC of which Marianne Boyd Johnson is the managing member thereof."
trustee financial
"By Marianne Boyd Johnson as Trustee of the Marianne Boyd Johnson Gaming Properties Trust."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
Limited Liability Company financial
"By WSB-BYD, LLC, of which the reporting person is the Manager."
A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.
FAQ
What insider stock transaction did Boyd Gaming (BYD) chairman Marianne Boyd Johnson report?
Marianne Boyd Johnson reported indirect open-market sales totaling 100,000 Boyd Gaming common shares. She sold 37,086 shares at an average price of $85.27 and 62,914 shares at $84.03 through family trusts, updating her reported ownership positions.
What other Boyd Gaming (BYD) holdings does Marianne Boyd Johnson report besides the selling trusts?
The Form 4 lists additional indirect Boyd Gaming holdings through limited liability companies and a limited partnership, plus 39,088 shares held directly. Each position is categorized as direct or indirect, with footnotes describing roles such as trustee, manager, or managing member.
Does Marianne Boyd Johnson’s Form 4 for Boyd Gaming (BYD) include derivative or option exercises?
The filing’s transaction data and derivative summary show no option exercises or other derivative transactions. All reported activity involves non-derivative common stock, primarily open-market sales and updated holding entries across various trusts and entities.