[Form 4] Gaming and Leisure Properties, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Gaming & Leisure Properties, Inc. (GLPI) – Form 4 insider activity

Director E. Scott Urdang reported a sale of 3,000 common shares on 08/05/2025 at $46.54 per share (transaction code “S”). Following the sale, Urdang directly owns 133,953 shares. No derivative securities were involved and no additional transactions were disclosed.

Positive

• Director retains 133,953 shares, indicating continued equity exposure and alignment with shareholder interests.

Negative

• Sale of 3,000 shares at $46.54 may be viewed as a modest insider offload, though size is immaterial.

Insights

Securities Analyst

TL;DR: Small, routine insider sale; limited impact on GLPI valuation.

The disposal represents roughly 2.2% of Urdang’s direct holdings and an immaterial fraction of GLPI’s ~426 million outstanding shares. Such modest trimming is common for liquidity or diversification and does not necessarily imply negative sentiment, especially as the director retains a sizeable position. No options exercises or 10b5-1 plan reference was noted, so timing discretion is uncertain. Investors typically monitor insider trends; however, a single sale of this scale is unlikely to affect market perception or fundamentals.

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^*

Urdang E Scott

(Last) (First) (Middle)

845 BERKSHIRE BOULEVARD

SUITE 200

(Street)

WYOMISSING PA 19610

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Gaming & Leisure Properties, Inc. [ GLPI ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025

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	08/05/2025		S		3,000	D	$46.54	133,953	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:

	/s/E. Scott Urdang	08/06/2025
	** 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).
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

How many GLPI shares did Director E. Scott Urdang sell?

He sold 3,000 common shares.

At what price were the GLPI shares sold?

The shares were sold at $46.54 each.

How many GLPI shares does the director now own?

After the transaction, Urdang directly owns 133,953 shares.

Were any derivative securities involved in this Form 4?

No, no derivative securities were acquired or disposed of.

When did the insider transaction occur?

The transaction date was 08/05/2025.

Does this Form 4 filing signal a major change for GLPI investors?

Given the small size relative to total shares outstanding, the impact appears minimal.