[Form 4] MGM Resorts International Insider Trading Activity

Rhea-AI Filing Summary

MGM Resorts International director reports deferred stock units and share holdings

A director of MGM Resorts International reported holdings of 1,702,500 shares of common stock held directly as of a transaction dated 12/31/2025. In addition, the director acquired 2,671.9649 deferred stock units (DSUs) under the company’s Deferred Compensation Plan for Non-Employee Directors at a reference price of $36.49 per unit. Each DSU is economically equivalent to one share of MGM common stock and becomes payable upon the director’s termination of board service. Following this transaction, the director beneficially owned 115,567.5193 DSUs directly.

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^*

SALEM PAUL J

(Last) (First) (Middle)

3600 LAS VEGAS BLVD. SOUTH

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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								1,702,500	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
Deferred Stock Units	(1)	12/31/2025		A		2,671.9649		(1)	(1)	Common Stock $.01 Par Value ND	2,671.9649	$36.49	115,567.5193	D

Explanation of Responses:

1. Represents Deferred Stock Units ("DSUs") under the MGM Resorts International (the "Company") Deferred Compensation Plan for Non-Employee Directors. Each DSU is the economic equivalent of one share of Company common stock. The DSUs become payable upon the Reporting Person's termination of service as a Director.

	/s/ Jessica Cunningham, Attorney-In-Fact	01/05/2026
	** 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

What insider transaction was reported for MGM (MGM) on 12/31/2025?

A director of MGM Resorts International reported acquiring 2,671.9649 deferred stock units (DSUs) on 12/31/2025 under the company’s Deferred Compensation Plan for Non-Employee Directors.

How many MGM (MGM) common shares does the director report owning after this filing?

The director reports directly beneficially owning 1,702,500 shares of MGM Resorts International common stock following the reported transaction.

What are deferred stock units (DSUs) in the MGM (MGM) director compensation plan?

The filing explains that each deferred stock unit (DSU) is the economic equivalent of one share of MGM common stock and is granted under the company’s Deferred Compensation Plan for Non-Employee Directors.

When do the MGM (MGM) deferred stock units reported in this Form 4 become payable?

The DSUs reported become payable upon the reporting person’s termination of service as a director of MGM Resorts International.

How many deferred stock units does the MGM (MGM) director hold after this transaction?

After the reported transaction, the director beneficially owns 115,567.5193 deferred stock units directly, each economically equivalent to one share of MGM common stock.

What is the relationship of the reporting person to MGM (MGM)?

The reporting person is identified as a Director of MGM Resorts International in the filing.