Tilman J. Fertitta - Apr 14, 2022 Form 4 Insider Report for Golden Nugget Online Gaming, Inc. (GNOG)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Michael Harwell, Attorney-in-Fact
Stock symbol: GNOG
Transactions as of: Apr 14, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/14/2022, 06:24 PM
Previous filing: Jul 2, 2021
Next filing: May 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GNOG	Class A Common Stock	Options Exercise		+133K	+3.26%		4.22M	Apr 14, 2022	Direct	F1

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	-83.3K	-33.33%	$0.00	167K	Apr 14, 2022	Class A Common Stock	83.3K		Direct	F1, F2
transaction	GNOG	Restricted Stock Units	Options Exercise	$0	-50K	-33.33%	$0.00	100K	Apr 14, 2022	Class A Common Stock	50K		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 April 14, 2021, Mr. Fertitta was granted 250,000 restricted stock units vesting in three equal annual installments on each of the first three anniversaries of the grant date, subject to Mr. Fertitta's continued service with the Issuer.
F3	On April 14, 2021, Mr. Fertitta was granted 150,000 restricted units vesting on each of the first three anniversaries of the grant date, subject to Mr. Fertitta's continued service with the Issuer and only to the extent that the Class A Common Stock has attained a closing stock price of at least $20 for ten consecutive trading days during a 90-trading-day period prior to the end of the third anniversary of the grant date.