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EdgarHawk

Keith Smith

President and CEO

Director Officer

Latest: President and CEO selling · June 2026

6 filings analyzed · 1 company · Latest 2026-06-04

Companies

Company Buys Sells Direction
BOYD GAMING CORP BYD 0 7 Net selling

Activity

June 2026
2026-06-04 BOYD GAMING CORP BYD
medium
Sell
100,000 shares
$8,590,000
Significance 5/10

Boyd Gaming CEO Keith Smith sold 100,000 shares at $85.90; stock now $88.38, up 5.1% in 30 days

Keith Smith, as President and CEO, sold 100,000 shares (100.0K shares) for $8,590,000.00 ($8.6M) on 2026-06-03 at $85.90, reducing his holdings to 996,981 shares (997.0K shares) from 1,096,981 shares (1.10M shares)—a -9.1% reduction. The current price of $88.38 reflects 30-day and 90-day gains of +5.1% and +10.3%, respectively, suggesting this particular sale was not ahead of a decline. His prior trades at Boyd Gaming show mixed timing outcomes: 3 of 5 prior sells resulted in negative 90-day returns, indicating occasional well-timed exits, though his most recent two August 2025 sales captured -2.2% and -0.7% 30-day declines. The company's fundamentals show strong profitability with Revenue $997,355,000.00 ($997.4M) and Net income $105,542,000.00 ($105.5M), paired with a low P/E of 3.58, which may support insider confidence in the underlying business despite the sale.

August 2025
2025-08-22 BOYD GAMING CORP BYD
medium
Sell
25,000 shares
$2,130,250
Significance 5/10

CEO Keith Smith sold 25,000 BYD shares at $85.21; holdings reduced to 1,046,689 shares (-2.3%)

CEO Keith Smith sold 25,000 shares at $85.21 on 2025-08-22, reducing his holdings to 1,046,689 shares. The sale occurred near the 52-week high of $86.73 (-1.2% from peak) and follows two additional BYD sales on 2025-08-19 and 2025-08-18, suggesting a recent pattern of concentrated selling activity. At Boyd Gaming's fundamentals (Revenue $1,033,998,000.00, P/E 12.17, Market cap $6,868,578,828.98), this modest -2.3% reduction in CEO holdings is not material to overall position size. However, his same-ticker history shows 0 of 3 prior measurable sells were well-timed at the 90-day mark (prior 90d outcomes: +10.1%, +9.4%, +5.7%), indicating the stock subsequently rose after each prior sale, opposite to the insider's timing advantage.

2025-08-20 BOYD GAMING CORP BYD
medium
Sell
75,000 shares
$6,252,250
Significance 5/10

Boyd Gaming CEO Keith Smith sold 75,000 shares for $6,252,250 on 2025-08-18/19 at blended average $83.36.

Keith Smith, President and CEO of Boyd Gaming, executed 2 separate sales totaling 75,000 shares for $6,252,250 at prices near the 52-week high (currently $83.57, -3.6% from $86.73 high). His post-transaction holdings remain substantial at 1,071,689 shares (-6.5% reduction). Historically at Boyd Gaming specifically, Smith's 5 prior sales yielded mixed timing: 2 of 5 were well-timed at the 90-day mark, but recent November 2024 sales saw the stock rise 9.4%–10.1% over 90 days after sale. The absence of a 10b5-1 plan FLAG and scheduled date FLAGS suggests discretionary timing, yet the execution near recent highs and the stock's subsequent modest decline (30-day +1.2%) does not yet establish a clear forward signal; the company's fundamentals remain solid with 5.1% annual revenue growth and a P/E of 11.87.

November 2024
2024-11-25 BOYD GAMING CORP BYD
high
Sell
30,000 shares
$2,164,500
Significance 6/10

CEO Keith Smith sold 30,000 BYD shares at $72.15; second large sale in 4 days amid +21.8% 90-day rally.

On 2024-11-22, SMITH KEITH (President and CEO) sold 30,000 shares at $72.15, the second significant sale in four days following a similar 30,000-share sale on 2024-11-19. This rapid succession of equal-sized dispositions totaling 60,000 shares occurs after Boyd Gaming stock has advanced +21.8% over 90 days and +5.2% over 30 days, reaching near its 52-week high of $74.14. Across his four prior trades at BYD, Smith's two measurable sales (2024-02-28 and 2024-02-29) both generated negative 90-day returns of -21.2% and -21.9% respectively, indicating a pattern of well-timed exits at local peaks. The back-to-back sales deserve monitoring to determine whether this reflects opportunistic exits during elevated valuations or signals ahead of near-term headwinds.

2024-11-21 BOYD GAMING CORP BYD
medium
Sell
30,000 shares
$2,153,100
Significance 4/10

CEO Keith Smith sold 30,000 BYD shares at $71.77 on 2024-11-19 (total value $2.2M); holds 1.13M shares post-transaction.

Keith Smith (President and CEO) sold 30,000 shares on 2024-11-19 at $71.77, reducing his position from 1.16M to 1.13M shares. The sale occurs near the 52-week high ($74.14), with the stock currently trading at $71.52, up 11.1% over 30 days and 19.1% over 90 days. Examining Smith's cross-ticker track record, his prior 3 open-market sells achieved a 90d well-timed rate of 100.00%, suggesting a pattern of selling before declines. At Boyd Gaming specifically, Smith has completed 2 prior measurable sells (2024-02-29 and 2024-02-28), both of which were well-timed at the 90-day mark with negative returns of -21.9% and -21.2% respectively. The current trade continues this pattern of sales during price strength, though near-term momentum remains positive (11.1% gain over 30 days).

2024-11-14 BOYD GAMING CORP BYD
medium
Sell
40,000 shares
$2,939,600
Significance 5/10

Boyd Gaming CEO Keith Smith sells 40,000 shares ($2.9M) at $73.49; holds 1.16M shares post-sale

Keith Smith, President and CEO, sold 40,000 shares on 2024-11-13 at $73.49, realizing $2,939,600.00 and reducing his holdings by 3.3% to 1,161,202 shares. The sale occurred near the 52-week high of $74.14 and follows a 13.8% 30-day price increase. Notably, Smith's two prior sales at Boyd Gaming (2024-02-28 and 2024-02-29) were both well-timed at the 90-day mark, with subsequent declines of -21.9% and -21.2% respectively, establishing a pattern where his prior exits at this ticker preceded downturns. His cross-ticker track record shows a 100.00% well-timed rate on sells, suggesting a consistent ability to exit before drawdowns, though his 90-day cross-ticker return average of -21.6% indicates stock weakness typically follows his sales. Fundamentally, Boyd Gaming reports solid quarterly revenue of $961,246,000.00 and net income of $131,128,000.00 with annual growth of 5.2%, trading at a P/E of 12.90, providing no obvious valuation distress; the trade itself reflects execution by an executive with a documented pattern of selling ahead of declines.

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