Insider trade

10% owner purchased ~$20.5M of MGM shares in the open market

Traded Mar 23, 2026 · Filed Mar 25, 2026

MGM ResortsMGM

~$20.5M
Reported value · 550K sh @ $37.30: 66.4M
Holds after · shares reported: -17.5%
stock since the trade · S&P 500 +16.6%, $36.95 → $30.47 on Oct 1

Why it stands out

A big owner of MGM Resorts spent $20.5M of their very own money to buy MGM Resorts shares.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Mar 23, 2026
Reporting period: Not applicable
Filed with the SEC: Mar 25, 2026

10% owner$1M+Holdings +1%

Context

Classification

open market purchase

Code P — open-market or private purchase

Absolute commitment

~$20,515,000

Shares × reported transaction price

Size band

$1M+

Ownership change

+0.8%

Purchase shares ÷ estimated pre-transaction holdings, from the filing

Rarity

First purchase in 3 months

Confirmed open-market purchases by the same insider in the available history

Largest by this insider

No

Compared with 1 earlier confirmed purchase

Cluster activity

No other insider purchases within 30 days

Distinct insiders at the same issuer with confirmed open-market purchases

Timing vs results

46 days after results of Feb 5, 2026, 37 days before results of Apr 29, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $36.95 on Mar 23, 2026, 43% above its 52-week low and 7% below its high, after a 1% drop over the previous 30 trading days

52-week range $25.79 (Apr 8, 2025) to $39.77 (Aug 27, 2025), 80% of the way up, from 251 adjusted closes. 30 trading days earlier: $37.49 on Feb 6, 2026. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	-2.4%	+1.7%	-4.0%
30 days	+7.9%	+10.9%	-2.9%
90 days	+25.3%	+13.7%	+11.7%
180 days	+3.5%	+19.9%	-16.4%

Past results only. Not a forecast.

Source receipt

Record ID: 0001104659-26-034710
Filed / recorded: Mar 25, 2026, 10:33 PM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: MGM Resorts International
Issuer CIK: 789570
Ticker: MGM
Reporting person: IAC Inc.
Relationship: 10% owner
Security: Common Stock, par value $0.01
Table: Non-derivative (Table I)
Transaction date: Mar 23, 2026
Transaction code: P
Shares / units: 550,000
Price per share: $37.30
Acquired / disposed: Acquired (A)
Shares owned after: 66,372,350
Ownership form: Direct
Amendment: No

Footnotes from the filing

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $36.26 to $37.94, inclusive.