Corey Ian Sanders - Apr 1, 2022 Form 4 Insider Report for MGM Resorts International (MGM)

Role
CHIEF OPERATING OFFICER
Signature
/s/ Jessica Cunningham, Attorney-In-Fact
Stock symbol
MGM
Transactions as of
Apr 1, 2022
Transactions value $
-$1,411,503
Form type
4
Date filed
4/5/2022, 04:55 PM
Previous filing
Mar 17, 2022
Next filing
Apr 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGM Common Stock $.01 Par Value ND Options Exercise $0 +8.86K +2.8% $0.00 325K Apr 1, 2022 Direct
transaction MGM Common Stock $.01 Par Value ND Tax liability -$146K -3.49K -1.07% $41.87 321K Apr 1, 2022 Direct
transaction MGM Common Stock $.01 Par Value ND Sale -$543K -13K -4.04% $41.85 308K Apr 1, 2022 Direct F1, F2
transaction MGM Common Stock $.01 Par Value ND Sale -$723K -17K -5.53% $42.44 291K Apr 4, 2022 Direct F1, F3
holding MGM Common Stock $.01 Par Value ND 36.5K Apr 1, 2022 By CIS Trust

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 MGM Restricted Stock Units Options Exercise $0 -8.86K -33.33% $0.00 17.7K Apr 1, 2022 Common Stock $.01 Par Value ND 8.86K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported was effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.45 to $42.36, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.00 to $42.71, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
F4 Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("Company") Amended and Restated 2005 Omnibus Incentive Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs vest in four equal annual installments commencing on the first anniversary of the grant date. Any fractional shares are paid in cash upon settlement.