George T. Papanier - Dec 31, 2022 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, 2022
Transactions value $: -$145,505
Form type: 4
Date filed: 1/4/2023, 03:18 PM
Previous filing: Mar 3, 2022
Next filing: Feb 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BALY	Common Stock	Options Exercise	$0	+19.1K	+5.23%	$0.00	384K	Dec 31, 2022	Direct
transaction	BALY	Common Stock	Tax liability	-$146K	-7.51K	-1.96%	$19.38	376K	Dec 31, 2022	Direct	F1
holding	BALY	Common Stock						18K	Dec 31, 2022	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	-50%	$0.00	19.1K	Dec 31, 2022	Common Stock	19.1K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	On December 31, 2022, 19,080 shares of Bally's Corporation (the "Company") restricted stock units vested. The Company retained 7,508 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F2	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.
F3	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.