Saul Reibstein - 15 Aug 2022 Form 4 Insider Report for PENN Entertainment, Inc. (PENN)

Role
Director
Signature
/s/ Cameron Williams, Attorney-In-Fact for Saul Reibstein
Issuer symbol
PENN
Transactions as of
15 Aug 2022
Transactions value $
-$127,964
Form type
4
Date filed
17 Aug 2022, 19:30
Previous filing
27 May 2022
Next filing
05 Jan 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PENN Common Stock Options Exercise $65.5K +5.09K +14.67% $12.87 39.7K 15 Aug 2022 Direct
transaction PENN Common Stock Sale -$193K -5.09K -12.8% $38.03 34.7K 15 Aug 2022 Direct F1
holding PENN Common Stock 150 15 Aug 2022 By Spouse F2

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 PENN Stock Options (Right to Buy) Options Exercise $0 -5.09K -11.42% $0.00 39.5K 15 Aug 2022 Common Stock 5.09K $12.87 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.00 to $38.11, inclusive. The reporting person undertakes to provide to PENN Entertainment, Inc., any security holder of PENN Entertainment, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
F2 Mr. Reibstein disclaims beneficial ownership of all of the shares owned by his spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
F3 The stock options vested in four installments on February 9, 2017, February 9, 2018, February 9, 2019, and February 9, 2020.