JOHNSON MARIANNE BOYD 4

What Happened

• Marianne Boyd Johnson, listed as a 10% owner of Boyd Gaming Corp (BYD), sold a total of 100,000 shares in two open-market transactions for combined proceeds of about $8.45 million. On 2026-05-01 she sold 37,086 shares reported at $85.27 (total reported $3,162,323); on 2026-05-05 she sold 62,914 shares reported at $84.03 (total reported $5,286,663). Footnotes indicate both trades were executed in multiple transactions at the price ranges shown below.

Key Details

• Transaction dates and price ranges:
  • May 1, 2026: 37,086 shares; reported price $85.27; executed in multiple trades ranging $86.27–$85.00 (F1).
  • May 5, 2026: 62,914 shares; reported price $84.03; executed in multiple trades ranging $84.30–$84.00 (F2).
• Total shares sold: 100,000; total proceeds ≈ $8,448,986.
• Shares owned after the transactions: not stated in the provided filing.
• Filing: Form filed May 5, 2026 reporting May 1 and May 5 transactions (check the filing for any timeliness flags).
• Entity/structure notes: several footnotes (F3–F9) show sales were effected by/through trusts and entities (e.g., Marianne Boyd Johnson as trustee, BG-00 LP, WSB-BYD LLC, various trusts and LLCs); the filing includes a remark disclaiming beneficial ownership except to the extent of direct ownership or pecuniary interest.
• Transaction type: S = Sale (open-market disposition).

Context

• As a 10% owner, these sales are large and likely reflect holdings managed through trusts/entities rather than routine employee trades; such sales are common for estate planning, diversification, or liquidity and do not by themselves indicate company performance expectations. Purchases typically carry more direct signaling value than open-market sales.