Papanier George T. - 31 Dec 2021 Form 4 Insider Report for Bally's Corp (BALY)

Role: President, Retail, Director
Signature: /s/ Victoria Ellis, Attorney-In-Fact
Issuer symbol: BALY
Transactions as of: 31 Dec 2021
Net transactions value: -$598,227
Form type: 4
Filing time: 03 Jan 2022, 15:18:23 UTC
Previous filing: 09 Nov 2021
Next filing: 03 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BALY	Common Stock	Options Exercise	$0	+19,081	+5.8%	$0.000000	348,624	31 Dec 2021	Direct
transaction	BALY	Common Stock	Tax liability	$285,793	-7,509	-2.2%	$38.06	341,115	31 Dec 2021	Direct	F1
transaction	BALY	Common Stock	Options Exercise	$0	+20,373	+6%	$0.000000	361,488	02 Jan 2022	Direct
transaction	BALY	Common Stock	Tax liability	$312,435	-8,209	-2.3%	$38.06	353,279	02 Jan 2022	Direct	F2
holding	BALY	Common Stock						18,000	31 Dec 2021	By Trust

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	Restricted Stock Unit	Options Exercise	$0	-19,081	-33%	$0.000000	38,160	31 Dec 2021	Common Stock	19,081		Direct	F3, F4
transaction	BALY	Restricted Stock Unit	Options Exercise	$0	-20,373	-100%	$0.000000^*	0	02 Jan 2022	Common Stock	20,373		Direct	F3, F5

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

Explanation of Responses:

Id	Content
F1	On December 31, 2021, 19,081 shares of Bally's Corporation (the "Company") restricted stock units vested. The Company retained 7,509 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F2	On January 2, 2022, 20,373 shares of Company restricted stock units vested. The Company retained 8,209 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F3	Each restricted stock unit represents the right to receive one share of Company common stock upon vesting in accordance with the terms of the reporting person's restricted stock unit agreement.
F4	On January 19, 2021, the reporting person was granted 57,241 restricted stock units vesting in three equal installments on December 31, 2021, December 31, 2022, and December 31, 2023, respectively.
F5	On January 2, 2020, the reporting person was granted 61,117 restricted stock units vesting in three equal installments on January 15, 2020, January 2, 2021, and January 2, 2022, respectively.