Marianne Boyd Johnson Disposes 100K BYD Shares in Open-Market Sale
Rhea-AI Filing Summary
Marianne Boyd Johnson, Executive Chairman and reported 10% owner of Boyd Gaming Corporation (BYD), reported a sale of 100,000 shares of BYD common stock on 09/04/2025 at a weighted-average price of $86.62 per share. The Form 4 lists multiple indirect holdings under trusts, limited partnerships and LLCs, and reports post-transaction beneficial ownership positions including 1,704,379 shares indirectly by trust, 1,487,858 by limited partnership, and other indirect holdings shown in the filing. The filing was signed by an attorney-in-fact on 09/05/2025. The reporting person disclaims beneficial ownership except to the extent of pecuniary interest in the listed entities.
Positive
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Insights
TL;DR: Executive Chairman sold 100,000 BYD shares at $86.62 on 09/04/2025; multiple indirect holdings remain substantial.
The Form 4 documents a single reported non-derivative transaction: a sale of 100,000 shares executed in multiple trades at a weighted-average price of $86.62. The report clarifies that the reporting person holds significant indirect positions across trusts, limited partnerships and LLCs, with specific post-transaction balances disclosed for several entities. No derivative transactions are reported. All details are disclosure of insider activity; the filing does not provide context on timing, purpose or proportion of total holdings sold relative to aggregate ownership.
TL;DR: A high-level insider and trustee completed a sizable open-market sale while retaining multiple indirect holdings across affiliated entities.
The filer is identified as an Executive Chairman and 10% owner and executed an open-market sale on 09/04/2025. The disclosure enumerates indirect ownership through at least eight named trusts/entities and includes a standard disclaimer limiting beneficial ownership claims to pecuniary interest. The filing was executed by an attorney-in-fact. There are no amendments, derivative trades, or additional narrative explaining the disposition in this Form 4.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 100,000 | $86.62 | $8.66M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $87.10 to $86.34. 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 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.
