MGM (MGM) Rule 144 Notice — 242,000 Shares Planned Sale Sept. 11, 2025
Rhea-AI Filing Summary
MGM Resorts International (MGM) Form 144 notifies a proposed sale of 242,000 shares of common stock through Goldman Sachs & Co. LLC, with an aggregate market value of $8,699,900.00 and an approximate sale date of 09/11/2025. The filing reports 272,191,042 shares outstanding for the issuer. The shares to be sold were acquired on 06/05/2019 in open-market purchases and were paid for in cash.
The filing also discloses a related sale in the past three months: Corvex-E LP sold 60,000 shares on 06/13/2025 for gross proceeds of $1,925,574.53. The filer attests there is no undisclosed material adverse information and includes the standard Rule 144 representations and signature/attestation language.
Positive
- Full Rule 144 disclosure includes broker, number of shares, acquisition date, and payment method, meeting filing requirements
- Acquired shares were paid in cash and purchased in the open market on 06/05/2019, indicating standard transaction history
Negative
- Insufficient filer identification in the provided excerpt (CIK/CCC and contact fields not populated in the content)
- No additional context on the seller's identity or reasons for the proposed sale beyond procedural attestation
Insights
TL;DR: Rule 144 notice for a planned sale of 242,000 MGM shares, acquired in 2019, scheduled for Sept. 11, 2025; routine disclosure.
The filing is procedural and complies with Rule 144 disclosure requirements: it specifies the broker (Goldman Sachs), the number of shares, acquisition date and method (open-market purchase on 06/05/2019), and confirms payment in cash. The inclusion of a recent related sale by Corvex-E LP (60,000 shares on 06/13/2025) provides context on nearby insider/affiliate activity. No financial performance metrics or new corporate actions are disclosed.
TL;DR: Governance filing contains standard attestation about absence of undisclosed material information; no governance changes reported.
The notice contains the required attestation that the seller does not possess undisclosed material adverse information and references Rule 10b5-1 trading plan language. There are no statements of management changes, waivers, or special arrangements. As a governance disclosure, it appears routine and non-material beyond documenting an intended equity disposition.