[Form 4] VICI PROPERTIES INC. Insider Trading Activity

Rhea-AI Filing Summary

Diana F. Cantor, a director of VICI Properties Inc. (VICI), was granted 442 shares of common stock on 10/01/2025 under the VICI Properties Inc. 2017 Stock Incentive Plan as payment for a portion of her annual committee retainer. The Form 4 reports the shares were acquired at a price of $0 and that following the grant the reporting person beneficially owned 57,649 shares. The filing was signed on 10/03/2025 by an attorney-in-fact on behalf of Ms. Cantor.

Positive

• Equity-based compensation granted under the 2017 Stock Incentive Plan aligns director pay with shareholder value
• Form 4 discloses post-grant beneficial ownership of 57,649 shares, increasing transparency

Negative

• None.

Insights

Corporate Governance Analyst

Director received equity retainer; filing updates insider ownership.

This Form 4 documents a routine equity grant of 442 shares to Director Diana F. Cantor under the company's 2017 incentive plan as part of a committee retainer. The grant was reported as acquired at $0, consistent with equity compensation rather than an open-market purchase.

The filing shows post-transaction beneficial ownership of 57,649 shares and is signed by an attorney-in-fact on 10/03/2025, satisfying Section 16 reporting requirements and providing transparency about insider holdings.

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^*

Cantor Diana F

(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		442(1)	A	$0	57,649	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

Explanation of Responses:

1. On October 1, 2025, the Reporting Person was granted 442 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 committee retainer fee.

Remarks:

	/s/ Samantha Sacks Gallagher, as attorney-in-fact for Diana F. Cantor	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 VICI director Diana Cantor report on Form 4?

She reported a grant of 442 shares of VICI common stock on 10/01/2025 under the 2017 Stock Incentive Plan.

At what price were the shares acquired according to the Form 4 for VICI (VICI)?

The Form 4 shows the shares were acquired at a price of $0, indicating an award rather than a purchase.

How many VICI shares does Diana Cantor beneficially own after the reported transaction?

Following the reported transaction, the Form 4 lists 57,649 beneficially owned shares.

When was the Form 4 for Diana Cantor signed and filed?

The filing bears a signature by an attorney-in-fact on 10/03/2025.

Under which plan were the 442 shares granted?

The shares were granted under the VICI Properties Inc. 2017 Stock Incentive Plan as part of a committee retainer fee.