Daniel R. Lee - Sep 11, 2024 Form 4 Insider Report for FULL HOUSE RESORTS INC (FLL)

Role
PRESIDENT & CEO, Director
Signature
/s/ Lewis. A Fanger, Attorney-in-Fact
Stock symbol
FLL
Transactions as of
Sep 11, 2024
Transactions value $
-$34,272
Form type
4
Date filed
9/13/2024, 06:27 PM
Previous filing
Aug 16, 2024
Next filing
Sep 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLL Common Stock Options Exercise $899K +719K +68.41% $1.25 1.77M Sep 11, 2024 Direct F1
transaction FLL Common Stock Tax liability -$899K -181K -10.22% $4.97 1.59M Sep 11, 2024 Direct F2
transaction FLL Common Stock Options Exercise $11.2K +8.95K +0.56% $1.25 1.6M Sep 13, 2024 Direct F1
transaction FLL Common Stock Sale -$45.5K -8.95K -0.56% $5.08 1.59M Sep 13, 2024 Direct F3, F4
holding FLL Common Stock 146K Sep 11, 2024 By trust
holding FLL Common Stock 133K Sep 11, 2024 By subtrust
holding FLL Common Stock 15.9K Sep 11, 2024 As custodian for daughter

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 FLL Employee Stock Option (right to buy) Options Exercise $0 -719K -76.16% $0.00 225K Sep 11, 2024 Common Stock 719K $1.25 Direct F1, F5
transaction FLL Employee Stock Option (right to buy) Options Exercise $0 -8.95K -3.98% $0.00 216K Sep 13, 2024 Common Stock 8.95K $1.25 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The exercise of the stock options reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 11, 2024.
F2 Shares withheld to cover the exercise price of the stock options.
F3 The shares were sold by the reporting person to generate proceeds used to satisfy the tax withholding obligation and the exercise price of the transactions reported on this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.12, inclusive. The reporting person undertakes to provide to Full House Resorts, Inc., any stockholder of Full House Resorts, 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 this footnote.
F5 The stock option fully vested on November 28, 2018.