Form 4: Boyd Gaming GC Sells Shares Via 10b5-1 Plan

Uri Clinton, General Counsel and Secretary of Boyd Gaming Corp, sold 2,500 shares of common stock for a weighted average price of $82.08 per share as part of a pre-arranged trading plan.

Summary

• Uri Clinton, General Counsel and Secretary of Boyd Gaming Corp (BYD), sold 2,500 shares of the company's common stock.
• The transaction occurred on August 8, 2025.
• The shares were sold at a weighted average price of $82.08 per share.
• The sale was executed in multiple trades with prices ranging from $81.96 to $82.16.
• Following this transaction, Uri Clinton beneficially owns 46,330 shares of Boyd Gaming common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While it's an insider sale, the disclosure that it was executed under a Rule 10b5-1 plan suggests it was pre-scheduled and not based on new, negative information, thus mitigating potential negative market interpretation.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, indicating it was a pre-scheduled transaction and not necessarily based on new, non-public information.

Negatives

• An insider sale, even if pre-planned, reduces the insider's direct ownership in the company.

Risks

• While the sale was pre-planned, significant insider selling can sometimes be perceived by the market as a lack of confidence, potentially impacting investor sentiment.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May view the sale neutrally to slightly negatively, though the 10b5-1 plan mitigates concerns about insider confidence.

Key Dates

Keywords

Boyd Gaming, BYD, Uri Clinton, insider sale, Form 4, common stock, 10b5-1 plan, corporate officer, gaming, casino