CFO Sells Over $2 Million in Company Stock Following Option Exercise
BYD sits 40% above its 52-week low of $58.94.
Summary
Boyd Gaming's CFO, Josh Hirsberg, sold over $2 million worth of common stock on the open market after exercising options, contributing to a pattern of insider distribution.
Key Events · Ownership and Investor Activity · BYD
-
CFO Sells Over $2 Million in Stock
Josh Hirsberg, CFO, sold 23,924 shares of common stock for a total of $2,054,114.64 at a weighted average price of $85.86 per share on February 26, 2026.
-
Option Exercise Precedes Sale
The open market sale followed the exercise of employee stock options for the same number of shares (23,924) at an exercise price of $17.75 per share.
-
Contributes to Insider Distribution Trend
This transaction adds to a net insider distribution of over $4 million in open market sales by two active insiders over the last 90 days, indicating a broader selling trend.
Analysis · BYD · Real Estate & Construction
This Form 4 filing indicates that Boyd Gaming's CFO, Josh Hirsberg, exercised options to acquire 23,924 shares and subsequently sold all of them on the open market for over $2 million. While option exercises often precede sales for liquidity or tax purposes, the open market sale by a key executive represents a significant disposition of personal holdings. This transaction contributes to a broader trend of insider distribution observed over the past 90 days, where net insider sales exceed $4 million. Investors may view this as a negative signal regarding executive confidence, despite the company's recent positive financial reports including record FY25 revenue and increased share buybacks.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BYD was trading at $82.49 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $58.94 to $89.96. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.