Thomas Winter - 29 Dec 2021 Form 4 Insider Report for Golden Nugget Online Gaming, Inc. (GNOG)

Role: President
Signature: /s/ Michael Harwell, Attorney-in-Fact
Issuer symbol: GNOG
Transactions as of: 29 Dec 2021
Net transactions value: -$994,496
Form type: 4
Filing time: 03 Jan 2022, 18:52:40 UTC
Next filing: 04 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GNOG	Class A Common Stock	Options Exercise		+250,000			250,000	29 Dec 2021	Direct	F1
transaction	GNOG	Class A Common Stock	Tax liability	$949,319	-98,375	-39%	$9.65	151,625	29 Dec 2021	Direct
transaction	GNOG	Class A Common Stock	Options Exercise		+15,229	+10%		166,854	01 Jan 2022	Direct	F1
transaction	GNOG	Class A Common Stock	Tax liability	$45,177	-4,473	-2.7%	$10.10	162,381	01 Jan 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GNOG	Restricted Stock Units	Options Exercise	$0	-250,000	-25%	$0.000000	750,000	29 Dec 2021	Class A Common Stock	250,000		Direct	F1, F2
transaction	GNOG	Restricted Stock Units	Options Exercise	$0	-15,229	-2%	$0.000000	765,228	01 Jan 2022	Class A Common Stock	15,229		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of the Issuer.
F2	On December 29, 2020, the reporting person was granted 1,000,000 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F3	On January 1, 2021, the reporting person was granted 30,457 restricted stock units, vesting in two equal annual installments beginning on the first anniversary of the grant date.