Boyd Gaming (BYD) director William R. Boyd reported an insider transaction. On 11/07/2025, he sold 20,000 shares of common stock (Transaction Code: S) at an average price of $80.36, with trades executed between $80.51 and $80.23.
Following the sale, reported beneficial ownership includes 1,960,447 shares held indirectly by the William R. Boyd Gaming Properties Trust and 87,034 shares held indirectly by the Sean W. Johnson Separate Property Trust. The table also lists 15,188 shares held directly.
BYD: A shareholder filed a Form 144 notice to sell 20,000 common shares. The filing lists an aggregate market value of $1,607,315.99, names Wells Fargo Clearing Services as broker, and targets an approximate sale date of 11/07/2025 on the NYSE.
The shares were acquired via a stock grant on 03/21/2025. In the past three months, the filer reported sales of 3,226 shares on 08/11/2025 for $263,110.44 and 9,774 shares on 08/12/2025 for $797,503.01. Shares outstanding were 78,122,443.
Boyd Gaming (BYD) reported Q3 2025 results and a major portfolio move. The company sold its 5% equity interest in FanDuel for $1,758.0 million in cash, recognizing a large gain that lifted quarterly net income to $1,439.0 million. An income tax payable of $375.9 million was recorded on the sale.
Q3 revenue was $1,004.4 million, up from $961.2 million a year ago, with gaming revenue of $657.4 million. Operating income was $139.8 million versus $220.0 million last year, reflecting $65.1 million in asset impairments. Year‑to‑date operating cash flow reached $701.4 million, funding $439.9 million of capex.
Balance sheet metrics improved: long‑term debt fell to $1,892.5 million from $3,132.6 million at year‑end, aided by transaction proceeds. Share count declined through repurchases, with 78,645,912 shares outstanding at September 30, 2025, and 78,122,443 as of October 27, 2025. The company continued its dividend at $0.18 per share.
Boyd Gaming Corporation furnished a press release announcing its financial results for the third quarter ended September 30, 2025.
The press release, dated October 23, 2025, is attached as Exhibit 99.1 and is incorporated by reference. The company’s common stock trades on the NYSE under the symbol BYD.
Boyd Gaming Corporation reports a cybersecurity incident involving an unauthorized third party accessing its internal IT systems. The company states that the incident has had no impact on its properties or business operations. The third party removed certain data, including information about employees and a limited number of other individuals, and Boyd Gaming is notifying those affected along with relevant regulators and governmental agencies.
The company currently believes the incident will not have a material adverse effect on its financial condition or results of operations. Boyd Gaming maintains a comprehensive cybersecurity insurance policy, which it expects will cover costs for incident response, forensic investigations, potential business interruptions, legal actions, and any regulatory fines, subject to policy limits and deductibles. The company also highlights potential legal, reputational, and financial risks as it continues to assess the incident.
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.
Boyd Gaming Corporation Form 144 filing shows a proposed sale of 100,000 common shares to be effected through Merrill Lynch (Lynbrook, NY) with an approximate sale date of 09/04/2025 and an aggregate market value of $8,658,298.00. The filer reports the shares were acquired as a gift on 01/08/2020 from Boyd Gaming Corporation, with a record of 221,669 shares acquired on that date. The filing also discloses a prior sale by the same account of 100,000 shares on 08/13/2025 generating $8,413,917.80 in gross proceeds. The notice includes the required representation that the seller has no undisclosed material adverse information.
Keith Smith, President and CEO and a director of Boyd Gaming Corporation (BYD), reported a gift transaction on 08/25/2025. He disposed of 50,000 shares of Boyd common stock via a gift to the KJS Family Foundation (transaction code G) at a reported price of $0, indicating a bona fide gift. After the gift, Mr. Smith beneficially owned 996,689 shares directly and 325 shares indirectly through his spouse. The Form 4 was signed by an attorney-in-fact on 08/26/2025. The filing documents only this one non-derivative transfer and does not include any option or derivative activity.
Josh Hirsberg, CFO & Treasurer of Boyd Gaming Corporation (BYD), reported an insider sale. On 08/22/2025 he sold 40,035 shares of BYD common stock in multiple trades at a weighted average price of $85.41, with trade prices ranging from $85.25 to $85.65. After the sale he directly owns 420,185 shares and has an indirect interest in 20,500 shares held by his spouse. The Form 4 was signed by an attorney-in-fact on 08/25/2025.
Marianne Boyd Johnson, Executive Chairman and 10% owner of Boyd Gaming Corp (BYD), reported changes in her beneficial ownership on an SEC Form 4. The filing shows a distribution of 45,482 shares on 08/21/2025 from the Johnson Children's Trust to the Sean W. Johnson Separate Property Trust, recorded as a disposition with no cash consideration. The form also reports other indirect holdings controlled by Ms. Johnson through multiple trusts, limited partnerships and LLCs, including reported beneficial interests of 1,804,379, 1,487,858, 4,800,000, 1,100,000, and 4,004,000 shares across those entities. The filing includes a disclaimer that she disclaims beneficial ownership except to the extent of her pecuniary interest.