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

Role
President, Retail, Director
Signature
/s/ Victoria Ellis, Attorney-In-Fact
Stock symbol
BALY
Transactions as of
Dec 31, 2021
Transactions value $
-$598,227
Form type
4
Date filed
1/3/2022, 03:18 PM
Previous filing
Nov 9, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BALY Common Stock Options Exercise $0 +19.1K +5.79% $0.00 349K Dec 31, 2021 Direct
transaction BALY Common Stock Tax liability -$286K -7.51K -2.15% $38.06 341K Dec 31, 2021 Direct F1
transaction BALY Common Stock Options Exercise $0 +20.4K +5.97% $0.00 361K Jan 2, 2022 Direct
transaction BALY Common Stock Tax liability -$312K -8.21K -2.27% $38.06 353K Jan 2, 2022 Direct F2
holding BALY Common Stock 18K Dec 31, 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 -19.1K -33.33% $0.00 38.2K Dec 31, 2021 Common Stock 19.1K Direct F3, F4
transaction BALY Restricted Stock Unit Options Exercise $0 -20.4K -100% $0.00* 0 Jan 2, 2022 Common Stock 20.4K 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.