MGM Resorts International (NYSE: MGM) Rule 144: sell 37,500 shares
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
MGM Resorts International (MGM) submitted a Rule 144 notice to sell 37,500 shares of its common stock. The filing lists the shares as common stock, par value $0.01, and records prior purchases of the same quantity on 06/05/2019 in open market transactions for cash.
Positive
- None.
Negative
- None.
Insights
Rule 144 notice records a proposed resale of restricted/controlled shares.
Rule 144 filings notify the market of an intended sale under resale conditions. The entry lists 37,500 shares and a purchase date of 06/05/2019, suggesting these were acquired in an open‑market cash purchase.
Timing, broker/dealer plan, and whether blackout or volume conditions apply are not shown; subsequent filings or Form 4/5 may report actual sales.
FAQ
Does MGM receive proceeds from the Rule 144 sale?
The excerpt does not state proceeds recipient details. Rule 144 filings commonly reflect sales by holders; the provided text lists open market purchases and the intended sale quantity but does not specify who will receive proceeds.