[Form 4] VICI PROPERTIES INC. Insider Trading Activity

Rhea-AI Filing Summary

James R. Abrahamson, a director and chairman of the board of VICI Properties Inc. (VICI), received 1,106 shares of common stock on 10/01/2025 as part of his annual retainer under the VICI Properties Inc. 2017 Stock Incentive Plan. The grant was reported at a price of $0 and increased his total reported beneficial ownership of VICI common stock to 164,425 shares. The filing also discloses 4,500 shares held indirectly by a 401(k) plan and 2,900 shares held indirectly by his spouse. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Abrahamson on 10/03/2025.

Insights

Corporate Governance Analyst

Director received equity retainer of 1,106 shares; total holdings rise to 164,425 shares.

This Form 4 reports a routine director equity grant: 1,106 shares issued under the company’s 2017 Stock Incentive Plan as an annual retainer. Such grants are common compensation mechanisms that align director incentives with shareholders without immediate cash cost to the company, shown here by a reported price of $0.

The filing also clarifies indirect holdings of 4,500 shares in a 401(k) and 2,900 held by a spouse, bringing the reporting person’s total to 164,425 shares after the grant. The transaction date is 10/01/2025 and the Form 4 was signed on 10/03/2025.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ABRAHAMSON JAMES R

(Last) (First) (Middle)

C/O VICI PROPERTIES INC.

535 MADISON AVENUE, 28TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VICI PROPERTIES INC. [ VICI ]

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)
10/01/2025

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	10/01/2025		A		1,106(1)	A	$0	164,425	D
Common Stock								4,500	I	Held by 401(k) plan.
Common Stock								2,900	I	Held by spouse.

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:

1. On October 1, 2025, the Reporting Person was granted 1106 shares of common stock under the VICI Properties Inc. 2017 Stock Incentive Plan, consisting of shares issuable in respect of a portion of the Reporting Person's annual retainer as chairman of the Board of Directors of VICI Properties Inc.

Remarks:

	/s/ Samantha Sacks Gallagher, as attorney-in-fact for James R. Abrahamson	10/03/2025
	** 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

What transaction did the Form 4 for VICI (VICI) report?

The Form 4 reports a grant of 1,106 shares of VICI common stock to James R. Abrahamson on 10/01/2025 under the 2017 Stock Incentive Plan.

How many VICI shares does James R. Abrahamson beneficially own after the reported transaction?

After the grant, the filing reports total beneficial ownership of 164,425 shares.

Were any shares held indirectly for Mr. Abrahamson?

Yes. The filing discloses 4,500 shares held by a 401(k) plan and 2,900 shares held by his spouse.

What was the reported price for the shares granted to Mr. Abrahamson?

The grant is reported with a price of $0 in the Form 4.

When was the Form 4 signed and by whom?

The Form 4 was signed on behalf of James R. Abrahamson by Samantha Sacks Gallagher, attorney-in-fact, on 10/03/2025.