Lee Fenton - Dec 31, 2022 Form 4 Insider Report for Bally's Corp (BALY)

Role
Chief Executive Officer, Director
Signature
/s/ Victoria Ellis, Attorney-In-Fact
Stock symbol
BALY
Transactions as of
Dec 31, 2022
Transactions value $
-$276,901
Form type
4
Date filed
1/4/2023, 03:17 PM
Previous filing
Nov 9, 2021
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BALY Common Stock Options Exercise $0 +23.5K +9.43% $0.00 273K Dec 31, 2022 Direct
transaction BALY Common Stock Tax liability -$215K -11.1K -4.05% $19.38 262K Dec 31, 2022 Direct F1
transaction BALY Common Stock Options Exercise $0 +6.85K +2.61% $0.00 269K Jan 1, 2023 Direct
transaction BALY Common Stock Tax liability -$62.4K -3.22K -1.2% $19.38 266K Jan 1, 2023 Direct F2

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 -23.5K -33.33% $0.00 47.1K Dec 31, 2022 Common Stock 23.5K Direct F3, F4
transaction BALY Restricted Stock Unit Options Exercise $0 -6.85K -50% $0.00 6.85K Jan 1, 2023 Common Stock 6.85K 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, 2022, 23,549 shares of Bally's Corporation (the "Company") restricted stock units vested. The Company retained 11,069 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F2 On January 1, 2023, 6,848 shares of Bally's Corporation restricted stock units vested. The Company retained 3,219 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 Bally's Corporation common stock upon vesting in accordance with the terms of the reporting person's restricted stock unit agreement.
F4 On October 1, 2021, the reporting person was granted 70,648 restricted stock units which will vest in three equal installments on December 31, 2022, 2023 and 2024.
F5 On November 5, 2021, the reporting person was granted 13,697 restricted stock units which will vest in two equal installments on January 1, 2023 and 2024.