Josh Hirsberg - Jan 24, 2023 Form 4 Insider Report for BOYD GAMING CORP (BYD)

Role
Exec. V.P., Treasurer & CFO
Signature
/s/ Uri Clinton, Attorney-in-Fact for Josh Hirsberg
Stock symbol
BYD
Transactions as of
Jan 24, 2023
Transactions value $
-$818,240
Form type
4
Date filed
1/26/2023, 09:46 AM
Previous filing
Jan 19, 2023
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BYD Common Stock Options Exercise $158K +16K +4.03% $9.86* 413K Jan 24, 2023 Direct F1
transaction BYD Common Stock Sale -$976K -16K -3.87% $61.00 397K Jan 24, 2023 Direct F2
holding BYD Common Stock 20.5K Jan 24, 2023 By spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BYD Employee Stock Option (Right to Buy) Options Exercise $0 -16K -100% $0.00* 0 Jan 24, 2023 Common Stock 16K $9.86 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The purchase and sale reported on this Form 4 was completed pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person on 12/15/22.
F2 This transaction was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 12/15/22. The Rule 10b5-1 trading plan, which was structured to include several sale periods, was established as part of the Reporting Person's long-term strategy for asset diversification and financial, retirement, estate and tax planning activities over a period of time.
F3 Options granted under Boyd Gaming Corporation's 2012 Stock Incentive Plan. Vesting plan calls for options to become exercisable at the rate of 33.333% per year on the first day of each successive 12 month period commencing one year from grant date of November 7, 2013.