VICI PROPERTIES INC. — Director's Dealing 2025

Feb 21, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VICI PROPERTIES INC. (VICI)
CIK: 0001705696
Period of Report: 2025-02-20

Reporting Person: KIESKE DAVID ANDREW (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-20	Common Stock	A	57550	—	Acquired	391143	Direct
2025-02-20	Common Stock	F	26730	$30.48	Disposed	364413	Direct
2025-02-20	Common Stock	A	35848	—	Acquired	400261	Direct

Footnotes

F1: Represents shares of common stock received pursuant to the award of performance-based restricted stock units on February 16, 2022 under the Issuer's 2017 Stock Incentive Plan, which were earned based on the achievement of certain performance measures during the three-year performance period ended December 31, 2024.

F2: Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations in connection with the shares of common stock received pursuant to the February 16, 2022 award of performance-based restricted stock units.

F3: Pursuant to the Issuer's long-term incentive compensation plan, on February 20, 2025, the Reporting Person was granted an award of time-based restricted shares of common stock under the Issuer's 2017 Stock Incentive Plan. In addition, the Reporting Person was granted an award of performance-based restricted stock units under the Issuer's 2017 Stock Incentive Plan, which units represent a contingent right to receive a number of shares of the Issuer's common stock based on the achievement of certain performance measures.