MGM - Mgm Resorts International

Insider Purchase by Iac Inc. (10%)

1 Month
After Trade
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Trade Summary

1 week ago, Iac Inc., serving as 10% owner at Mgm Resorts International (MGM), purchased 1,000,000 shares at $37.22 per share, for a total transaction value of $37,223,500.00. Following this transaction, Iac Inc. now holds 66,822,350 shares of MGM.

This purchase represents a 2.00% increase in Iac Inc.'s stake in the company. This is considered a medium-conviction trade.

The trade was executed on Monday, March 23, 2026 and publicly disclosed via SEC Form 4 filing on Wednesday, March 25, 2026, 2 days after the trade was made.

Mgm Resorts International operates in the CONSUMER CYCLICAL sector, specifically within the RESORTS & CASINOS industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.

Iac Inc.

Iac Inc.

10%

IAC Inc. is a diversified internet and media holding company, formerly known as IAC/InterActiveCorp, with a history of investing in and spinning off successful online businesses such as Expedia, Match Group, and Angi.[[5]](https://investors.mgmresorts.com/news-releases?l=100&o=400) Founded in 1995 by Barry Diller, IAC operates through various segments including emerging and late-stage businesses, focusing on digital marketplaces, media, and home services, while maintaining a portfolio of strategic investments.[[4]](https://www.sec.gov/Archives/edgar/data/0001800227/000162828025048237/ex_991q32025iac-pressrelea.htm)[[5]](https://investors.mgmresorts.com/news-releases?l=100&o=400) As a major corporate insider in MGM Resorts International (NYSE: MGM), IAC holds approximately 65.8 million shares valued at over $2.3 billion as of recent filings, representing a significant stake built through multiple purchases, including 1,098,748 shares for $39.9 million on December 5th at $36.30 per share, increasing its ownership.[[2]](https://www.marketbeat.com/instant-alerts/mgm-resorts-international-nysemgm-given-new-3100-price-target-at-wells-fargo-company-2026-01-18/)[[3]](https://www.tradingview.com/news/tradingview:0c58f2afd7d9d:0-iac-inc-acquires-over-1-million-mgm-resorts-international-shares/)[[4]](https://www.sec.gov/Archives/edgar/data/0001800227/000162828025048237/ex_991q32025iac-pressrelea.htm) IAC is classified as a 10% owner and has board representation, with leaders from IAC appointed to MGM's Board of Directors.[[3]](https://www.tradingview.com/news/tradingview:0c58f2afd7d9d:0-iac-inc-acquires-over-1-million-mgm-resorts-international-shares/)[[5]](https://investors.mgmresorts.com/news-releases?l=100&o=400)[[6]](https://www.otcmarkets.com/filing/conv_pdf?id=18985768&guid=uDt-kWbB1mvnJth)

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Trade Price

$37.22

Quantity

1,000,000

Total Value

$37,223,500.00

Shares Owned

66,822,350

Trade Date

Monday, March 23, 2026

13 days ago

SEC Filing Date

Wednesday, March 25, 2026

Filed 2 days after trade

CONSUMER CYCLICALRESORTS & CASINOS

About Mgm Resorts International

Company Overview

No company information available
View news mentioning MGM

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