Robert M. Lavan - Dec 31, 2022 Form 4 Insider Report for Bally's Corp (BALY)

Role
Executive Vice President, CFO
Signature
/s/ Victoria Ellis, Attorney-In-Fact
Stock symbol
BALY
Transactions as of
Dec 31, 2022
Transactions value $
-$54,400
Form type
4
Date filed
1/4/2023, 03:17 PM
Previous filing
Mar 15, 2022
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 +11.5K +138.41% $0.00 19.8K Dec 31, 2022 Direct F1
transaction BALY Common Stock Tax liability -$54.4K -2.81K -14.14% $19.38 17K Dec 31, 2022 Direct F2
holding BALY Common Stock 21 Dec 31, 2022 In Trust F3

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 -8.07K -26.63% $0.00 22.2K Dec 31, 2022 Common Stock 8.07K Direct F4, F5
transaction BALY Restricted Stock Unit Options Exercise $0 -3.45K -50% $0.00 3.45K Dec 31, 2022 Common Stock 3.45K Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 282 shares of Bally's Corporation (the "Company") common stock acquired through the Company's Employee Stock Purchase Plan.
F2 On December 31, 2022, 11,523 shares of Bally's Corporation restricted stock units vested. The Company retained 2,807 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F3 These shares are held in a trust for the benefit of the reporting person's child for which the reporting person serves as trustee. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
F4 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.
F5 On March 11, 2022, the reporting person was granted 30,313 restricted stock units of which 8,072, 10,297 and 11,944 will vest on December 31, 2022, 2023 and 2024, respectively.
F6 On May 1, 2021, the reporting person was granted 8,627 restricted stock units of which 1,725 vested on December 31, 2021, and 3,451 will vest on December 31, 2021 and 2022.