MGM Resorts Director Keith Meister Buys $51.7 Million of Stock

Director Keith Meister bought about $51.74 million of MGM Resorts International stock, according to Form 4 filings with the Securities and Exchange Commission disclosed Tuesday, Nov. 3, 2026.

The filings show three purchases on Oct. 30 and Nov. 2. Meister bought 233,998 shares at $28.92 and 1,504,076 shares at $29.75 on Oct. 30, then 7,518 shares at $30.24 on Nov. 2. In total he acquired 1,745,592 shares at an average price of $29.64, for $51.74 million. After the purchases he held 7,093,570 shares. The holdings are indirect, not held directly in his name.

The filings do not say why the shares were bought, and none of the purchases was made under a pre-arranged trading plan.

Stock move

MGM closed at $31.02 on Nov. 3, after rising 1.6% over the previous 20 sessions. The stock rose 5.8% on Wednesday, Nov. 4, closing at $32.82, while the S&P 500 ETF gained 1.6% that session.

Company backdrop

MGM reported revenue of $4.21 billion for the quarter ended Sept. 30, down 0.9% from a year earlier, and a net loss of $17.1 million, compared with a loss of $285.3 million a year earlier. The company had $2.40 billion in cash and equivalents as of Sept. 30.

On Oct. 28, MGM filed an 8-K reporting its third-quarter results. A separate 8-K filed the same day disclosed an amendment to the voting agreement with People Incorporated, which sets a 29.9% ownership cap and change-of-control voting terms after People withdrew its acquisition proposal.