BOYD GAMING CORP — Director's Dealing 2023

Feb 3, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOYD GAMING CORP (BYD)
CIK: 0000906553
Period of Report: 2023-02-03

Reporting Person: Hirsberg Josh (Exec. V.P., Treasurer & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-03	Common Stock	M	16000	$9.86	Acquired	412905	Direct
2023-02-03	Common Stock	S	16000	$65.41	Disposed	396905	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-03	Employee Stock Option (Right to Buy)	$9.86	M	16000	Disposed	2023-11-07	Common Stock (16000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20500	Indirect

Footnotes

F1: The purchase and sale reported on this Form 4 was completed pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person on 12/15/22.

F2: This transaction was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 12/15/22. The Rule 10b5-1 trading plan, which was structured to include several sale periods, was established as part of the Reporting Person's long-term strategy for asset diversification and financial, retirement, estate and tax planning activities over a period of time.

F3: Options granted under Boyd Gaming Corporation's 2012 Stock Incentive Plan. Vesting plan calls for options to become exercisable at the rate of 33.333% per year on the first day of each successive 12 month period commencing one year from grant date of November 7, 2013.