COREY IAN SANDERS - 01 Apr 2023 Form 4 Insider Report for MGM Resorts International (MGM)

Role: CHIEF OPERATING OFFICER
Signature: /s/ Jessica Cunningham, Attorney-In-Fact
Issuer symbol: MGM
Transactions as of: 01 Apr 2023
Transactions value $: -$2,375,878
Form type: 4
Filing time: 04 Apr 2023, 18:35:36 UTC
Previous filing: 01 Mar 2023
Next filing: 10 Aug 2023
SEC: View on sec.gov

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	01 Apr 2023	Direct
transaction	MGM	Common Stock $.01 Par Value ND	Tax liability	-$155K	-3.49K	-1.62%	$44.42	212K	01 Apr 2023	Direct
transaction	MGM	Common Stock $.01 Par Value ND	Sale	-$2.22M	-50K	-23.63%	$44.42	162K	03 Apr 2023	Direct	F1, F2
holding	MGM	Common Stock $.01 Par Value ND						36.5K	01 Apr 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	01 Apr 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.