Standard General L.P. - Dec 16, 2021 Form 4 Insider Report for Bally's Corp (BALY)

Role: 10%+ Owner
Signature: /s/ Standard General L.P. by Joseph Mause, Chief Financial Officer
Stock symbol: BALY
Transactions as of: Dec 16, 2021
Transactions value $: $6,192,378
Form type: 4
Date filed: 12/20/2021, 03:31 PM
Previous filing: Dec 14, 2021
Next filing: Dec 23, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BALY	Common Stock, $.01 par value	Exercise of in-the-money or at-the-money derivative security	$3.63M	+726K	+7.02%	$5.00	11.1M	Dec 17, 2021	See Footnotes	F1
transaction	BALY	Common Stock, $.01 par value	Exercise of in-the-money or at-the-money derivative security	$3.57K	+357K	+3.23%	$0.01^*	11.4M	Dec 17, 2021	See Footnotes	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	BALY	Call Option (right to buy)	Purchase	$2.56M	+88K	+13.8%	$29.08	726K	Dec 16, 2021	Common Stock	88K	$5.00	See Footnotes	F1
transaction	BALY	Call Option (right to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-726K	-100%	$0.00^*	0	Dec 17, 2021	Common Stock	726K	$5.00	See Footnotes	F1
transaction	BALY	Call Option (right to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-357K	-100%	$0.00^*	0	Dec 17, 2021	Common Stock	357K	$0.01	See Footnotes	F1

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

Explanation of Responses:

Id	Content
F1	The securities reported herein are beneficially owned by Standard General L.P. ("Standard General") in its capacity as investment manager to private investment vehicles. Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. Mr. Kim is also a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.

Content

The securities reported herein are beneficially owned by Standard General L.P. ("Standard General") in its capacity as investment manager to private investment vehicles. Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. Mr. Kim is also a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.