Robeson Reeves - 31 Dec 2022 Form 4 Insider Report for Bally's Corp (BALY)

Role: President, Interactive, Director
Signature: /s/ Victoria Ellis, Attorney-In-Fact
Issuer symbol: BALY
Transactions as of: 31 Dec 2022
Net transactions value: -$232,444
Form type: 4
Filing time: 04 Jan 2023, 15:18:56 UTC
Previous filing: 09 Nov 2021
Next filing: 17 Feb 2023
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	+18,839	+7.8%	$0.000000	260,350	31 Dec 2022	Direct
transaction	BALY	Common Stock	Tax liability	$171,610	-8,855	-3.4%	$19.38	251,495	31 Dec 2022	Direct	F1
transaction	BALY	Common Stock	Options Exercise	$0	+5,830	+2.3%	$0.000000	257,325	01 Jan 2023	Direct
transaction	BALY	Common Stock	Tax liability	$53,121	-2,741	-1.1%	$19.38	254,584	01 Jan 2023	Direct	F2
transaction	BALY	Common Stock	Options Exercise	$0	+845		$0.000000	845	01 Jan 2023	Spouse
transaction	BALY	Common Stock	Tax liability	$7,713	-398	-47%	$19.38	447	01 Jan 2023	Spouse	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	-18,839	-33%	$0.000000	37,679	31 Dec 2022	Common Stock	18,839		Direct	F4, F5
transaction	BALY	Restricted Stock Unit	Options Exercise	$0	-5,830	-50%	$0.000000	5,830	01 Jan 2023	Common Stock	5,830		Direct	F4, F6
transaction	BALY	Restricted Stock Unit	Options Exercise	$0	-845	-50%	$0.000000	845	01 Jan 2023	Common Stock	845		Spouse	F4, F7

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

Explanation of Responses:

Id	Content
F1	On December 31, 2022, 18,839 shares of Bally's Corporation (the "Company") restricted stock units vested. The Company retained 8,855 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F2	On January 1, 2023, 5,830 shares of Bally's Corporation restricted stock units vested. The Company retained 2,741 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F3	On January 1, 2023, 845 shares of Bally's Corporation restricted stock units vested. The Company retained 398 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
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 October 1, 2021, the reporting person was granted 56,518 restricted stock units which will vest in three equal installments on December 31, 2022, 2023 and 2024.
F6	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.
F7	On November 5, 2021, the spouse of the reporting person was granted 1,690 restricted stock units which will vest in two equal installments on January 1, 2023 and 2024.