Daniel R. Lee - 13 Jun 2025 Form 4 Insider Report for FULL HOUSE RESORTS INC (FLL)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: FLL
Reported as of: 13 Jun 2025
Net transaction value: +$1,312,425
SEC form: 4
Accepted by SEC: 17 Jun 2025, 16:20:35 UTC
Prior SEC filing: 02 Apr 2025
Next SEC filing: 24 Jul 2025
Source filing: View source filing
Reporting owner signature: /s/ Lewis A. Fanger, Attorney-in-Fact

Key filing fact

Daniel R. Lee filed Form 4 for FULL HOUSE RESORTS INC (FLL) on 17 Jun 2025.

Key facts

This page summarizes Daniel R. Lee's Form 4 filing for FULL HOUSE RESORTS INC (FLL).
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 17 Jun 2025, 16:20.

Change

Previous filing in this sequence was filed on 02 Apr 2025.
Current net transaction value: +$1,312,425.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001209589 Primary reporting owner

LEE DANIEL R

Relationship: Chief Executive Officer, Director
Address: C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680, LAS VEGAS
Signature: /s/ Lewis A. Fanger, Attorney-in-Fact
Signature date: 17 Jun 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FLL transaction

Common Stock

Purchase

Transaction value: $437,475
Shares: +92,100
Change %: +9.4%
Price: $4.75
Shares after: 1,076,718
Date: 13 Jun 2025
Ownership: Direct
Footnotes: F1, F2

FLL transaction

Common Stock

Purchase

Transaction value: $874,950
Shares: +184,200
Change %: +139%
Price: $4.75
Shares after: 317,145
Date: 13 Jun 2025
Ownership: By subtrust
Footnotes: F1

FLL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 145,735
Date: 13 Jun 2025
Ownership: By trust

FLL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 15,926
Date: 13 Jun 2025
Ownership: As custodian for daughter

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FLL transaction Derivative

Call Option (right to buy)

Purchase

Transaction value: $0
Shares: +184,200
Change %
Price: $0.000000
Shares after: 184,200
Date: 13 Jun 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 184,200
Exercise price: $4.75
Footnotes: F1

FLL transaction Derivative

Put Option (obligation to purchase)

Sale

Transaction value: $0
Shares: -184,200
Change %: -50%
Price: $0.000000
Shares after: 184,200
Date: 13 Jun 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 184,200
Exercise price: $4.75
Footnotes: F1

FLL transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value: $0
Shares: +24,696
Change %
Price: $0.000000
Shares after: 24,696
Date: 14 Jun 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 24,696
Exercise price: $3.03
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

In a private transaction dated June 13, 2025, Mr. Lee purchased 92,100 shares of common stock of Full House Resorts, Inc. (the "Company") directly and 184,200 shares of the Company's common stock indirectly through a subtrust for the benefit of Mr. Lee's children, both at a purchase price of $4.75 per share, and obtained a call option to purchase 184,200 additional shares of the Company's common stock at that same price. The call option expires on June 13, 2026. Seller also has the right to cause Mr. Lee to purchase the additional shares at that same price beginning on June 13, 2026 and for a period of ten business days thereafter. In addition, if the closing price of the Company's common stock as reported by NASDAQ is at a price per share of $4.75 or greater on any day prior to June 13, 2026, then Seller also has the right to cause Mr. Lee to purchase such additional shares for $4.75 per share on the next business day.

Footnote F2

Not included in this report is the grant of 16,502 shares of restricted stock approved on June 14, 2025 by the compensation committee of the board of directors (the "Compensation Committee") of the Company pursuant to Mr. Lee's new employment agreement and under the Company's 2025 Equity Incentive Plan and pursuant to the Annual Incentive Plan for Executives. The restricted stock will vest in three equal annual amounts, subject to the achievement of certain performance-based criteria in 2025, 2026 and 2027, including annual growth rates of EBITDA and free cash flow per share. Each such annual amount will be reported following the date of vesting.

Footnote F3

This price was the closing price of the Company's common stock on June 13, 2025.

Footnote F4

The option vests in three equal annual installments beginning on June 14, 2026.