Corey Ian Sanders - Apr 1, 2023 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, 2023
Transactions value $
-$2,375,878
Form type
4
Date filed
4/4/2023, 06:35 PM
Previous filing
Mar 1, 2023
Next filing
Aug 10, 2023

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 +4.29% $0.00 215K Apr 1, 2023 Direct
transaction MGM Common Stock $.01 Par Value ND Tax liability -$155K -3.49K -1.62% $44.42 212K Apr 1, 2023 Direct
transaction MGM Common Stock $.01 Par Value ND Sale -$2.22M -50K -23.63% $44.42 162K Apr 3, 2023 Direct F1, F2
holding MGM Common Stock $.01 Par Value ND 36.5K Apr 1, 2023 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 -50% $0.00 8.86K Apr 1, 2023 Common Stock $.01 Par Value ND 8.86K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 on June 15, 2022.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.39 to $44.78, 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 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. Any fractional shares are paid in cash upon settlement.