Key points

  • A sitting director bought $51.74 million of MGM Resorts International stock. Keith A. Meister reported the purchases with a transaction date of November 2nd, 2026.
  • The buying covered 1,745,592 shares across three separate Form 4 filings. Reported prices ran from $28.92 to $30.24.
  • The purchase price range sits below the last traded price of $31.02. Every reported execution came in under that level.
  • The size is large against the company's market value. MGM Resorts International carries a market capitalization of $7,848,387,072.

Keith A. Meister, a director of MGM Resorts International, reported buying 1,745,592 shares of the hotel and casino operator in transactions dated November 2nd, 2026. The purchases total $51.74 million and were disclosed across three Form 4 filings.

Reported prices ranged from $28.92 to $30.24 per share. MGM Resorts International last traded at $31.02, above the top of that range. The company has a market capitalization of $7,848,387,072.

What the filing shows

The Form 4 record attributes the buying to Keith A. Meister in his capacity as a director. The transaction date on the filings is November 2nd, 2026, and the three filings together account for 1,745,592 shares.

The dollar value of the reported buying is $51.74 million. That is the figure disclosed in the filings themselves, built from the share counts and the reported prices, and it is the number worth anchoring on rather than any estimate of position size or intent.

What the insider did

Three filings covering the same transaction date usually point to purchases executed in blocks or through more than one reporting account. The filings disclose a price range rather than a single price, from $28.92 at the low end to $30.24 at the high end.

Meister is listed as a director, not an officer. Directors are not operators of the business day to day, but they sit on the board and are subject to the same Section 16 reporting rules as executives, which is why the buying appears on the public record within the standard filing window.

Nothing in the filings states a reason for the purchases. Form 4 records a transaction, a date, a price and a share count. Anything beyond that is inference, and this desk does not print inference as fact.

Where the stock sits

The last price of $31.02 is above the entire reported purchase range of $28.92 to $30.24. That means the shares bought on November 2nd, 2026 were acquired below the most recent level, at least on the prices disclosed in the filings.

MGM Resorts International operates in the hotels and motels sector, a group where results track travel demand, room rates and discretionary spending. Share prices in that group tend to move with the broader consumer backdrop, which is one reason insider buying in the sector draws attention when it arrives in size.

What that leaves

The clearest way to frame $51.74 million is against the company's own market value of $7,848,387,072. The purchase is a meaningful dollar figure in absolute terms, and it was reported by one individual rather than an institution.

Two cautions apply. First, a single buy, however large, is one data point and not a pattern. Second, directors buy for reasons that filings never disclose, including portfolio construction and timing decisions that have nothing to do with a view on the next quarter. The filing confirms what was bought, when, how many shares and at what prices, and that is the limit of what the record supports.

What makes this one worth logging is the combination of size, the fact that it came from a board member, and the concentration of all three filings on a single transaction date of November 2nd, 2026. Readers tracking MGM Resorts International can watch whether further Form 4 activity follows from the same filer or from other officers and directors in the weeks ahead.

Sources: SEC Form 4 filings submitted via EDGAR and reviewed by InsiderBuying.com, covering transactions dated November 2nd, 2026.

Informational only, not investment advice.