MGM Resorts CEO reports 27,182 RSU shares; 10,697 shares sold

MGM Resorts International (MGM) disclosed insider equity activity by its CEO and President.

Accepted by SEC EDGAR 10/06/2025 - 07:11 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

MGM Resorts International (MGM) disclosed insider equity activity by its CEO and President. On 10/02/2025, 27,182 shares of common stock were acquired at $0 under code M, reflecting the conversion of vested RSUs. The filing also reports a disposition of 10,697 shares at $34.75 under code F, typically for tax withholding. Following these transactions, the reporting person directly owned 460,627 shares. RSU holdings after the event were 54,363 units, with awards vesting in four equal annual installments starting one year after grant.

Insider Trade Summary

27,182 shares exercised/converted

Exercise 3 txns

Insider HORNBUCKLE WILLIAM

Role CEO AND PRESIDENT

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	27,182	$0.00	$0.00
Exercise	Common Stock $.01 Par Value ND	27,182	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock $.01 Par Value ND	10,697	$34.75	$372K

Holdings After Transaction: Restricted Stock Units — 54,363 contracts (Direct); Common Stock $.01 Par Value ND — 460,627 shares (Direct)

Footnotes (1)

1. F1. Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("Company") 2022 Omnibus Incentive Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs vest in four equal annual installments commencing on the first anniversary of the grant date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did MGM (MGM) report in this Form 4?

27,182 shares were acquired via RSU conversion (code M) and 10,697 shares were disposed (code F) on 10/02/2025.

What is the reporting person’s direct share ownership after the transactions at MGM (MGM)?

Directly owned shares totaled 460,627 following the reported transactions.

What price was used for the share disposition in MGM’s Form 4?

The disposition (code F) occurred at $34.75 per share.

How many RSUs remain outstanding after the reported transactions at MGM (MGM)?

The filing shows 54,363 RSUs beneficially owned after the transactions.

When did the RSU-related transaction occur for MGM (MGM)?

The transaction date listed is 10/02/2025.

How do the MGM (MGM) RSUs vest?

RSUs vest in four equal annual installments starting on the first anniversary of the grant date.

What do transaction codes M and F mean in this MGM (MGM) Form 4?

Code M indicates conversion of a derivative security (RSUs) and code F indicates a disposition, often for tax withholding.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

HORNBUCKLE WILLIAM

(Last) (First) (Middle)

3600 LAS VEGAS BLVD., S.

(Street)

LAS VEGAS NV 89109

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MGM Resorts International [ MGM ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

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 $.01 Par Value ND	10/02/2025		M		27,182	A	$0	471,324	D
Common Stock $.01 Par Value ND	10/02/2025		F		10,697	D	$34.75	460,627	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
Restricted Stock Units	(1)	10/02/2025		M			27,182	10/02/2024	10/02/2027	Common Stock $.01 Par Value ND	27,182	$0	54,363	D

Explanation of Responses:

1. Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("Company") 2022 Omnibus Incentive Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs vest in four equal annual installments commencing on the first anniversary of the grant date.

	/s/ Jessica Cunningham, Attorney-In-Fact	10/06/2025
	** 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.
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