[Form 4] Boyd Gaming Corporation Insider Trading Activity

Rhea-AI Filing Summary

The reporting person, Clinton Uri, General Counsel & Secretary of Boyd Gaming Corporation (BYD), sold 2,500 shares of the issuer's common stock on 08/08/2025 at a weighted average price of $82.08. The filing states the trades executed in multiple trades at prices ranging from $82.16 to $81.96, and the weighted average sale price is reported with an undertaking to provide full execution details on request.

Following the reported sale, Mr. Uri beneficially owns 46,330 shares, held directly. The transaction is reported as an open-market sale (transaction code S) and no derivative securities are listed in Table II.

Positive

• Transaction fully disclosed in a Form 4 with weighted average price and executed price range provided
• Post-sale beneficial ownership is explicitly reported as 46,330 shares held directly

Negative

• Reporting person disposed of 2,500 shares, reducing direct holdings
• No material context (e.g., purpose of sale) provided within the filing

Insights

Securities Analyst

TL;DR: Routine, transparent insider sale of 2,500 BYD shares at a weighted average of $82.08, with modest post-sale holdings.

The Form 4 shows a direct, open-market disposition of 2,500 common shares by Clinton Uri on 08/08/2025. The filing discloses a weighted average price of $82.08 and a trade price range of $81.96–$82.16, and reports 46,330 shares beneficially owned after the sale. This pattern is consistent with routine insider liquidity rather than a structural change in ownership; the disclosure of trade-range and an offer to provide full execution details supports administrative transparency.

Corporate Governance Expert

TL;DR: Filing appears compliant and explicit about execution prices, showing clear disclosure of an insider sale.

The Form 4 lists a single non-derivative transaction: an open-market sale by the General Counsel & Secretary. The report provides a weighted average price and the executed price range, and records direct beneficial ownership of 46,330 shares following the sale. The inclusion of an explanation and an undertaking to provide full trade details on request aligns with standard disclosure practices for Section 16 insiders.

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
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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^*

Clinton Uri

(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)
	General Counsel & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

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	08/08/2025		S		2,500(1)	D	$82.08(1)	46,330	D

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 $82.16 to $81.96 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.

	Uri Clinton	08/11/2025
	** 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).
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