Robeson Reeves - 07 Feb 2025 Form 4 Insider Report for Bally's Corp (BALY)

Role: Chief Executive Officer, Director
Signature: /s/ Victoria Ellis, Attorney-In-Fact
Issuer symbol: BALY
Transactions as of: 07 Feb 2025
Net transactions value: -$3,754,153
Form type: 4
Filing time: 11 Feb 2025, 18:21:00 UTC
Previous filing: 02 Jan 2025
Next filing: 19 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BALY	Common Stock	Disposed to Issuer	$3,591,253	-196,781	-52%	$18.25	178,371	07 Feb 2025	Direct	F1
transaction	BALY	Common Stock	Disposed to Issuer	$8,158	-447	-100%	$18.25	0	07 Feb 2025	Spouse	F1
transaction	BALY	Common Stock	Award	$0	+18,840	+11%	$0.000000	197,211	07 Feb 2025	Direct	F2
transaction	BALY	Common Stock	Tax liability	$154,742	-8,479	-4.3%	$18.25	188,732	07 Feb 2025	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Pursuant to the Agreement and Plan of Merger, dated July 25, 2024 (as amended, the "Merger Agreement"), by and among Bally's Corporation, SG Parent LLC, The Queen Casino & Entertainment, Inc., and other parties thereto, on February 7, 2025, each share of Bally's common stock, par value $0.01 per share, issued and outstanding immediately prior to the closing (other than shares that have elected to remain outstanding) were canceled automatically and converted into the right to receive cash consideration of $18.25 per share.
F2	Pursuant to the Merger Agreement, as defined in Note 1, Company PSUs granted to Mr. Reeves in October 2021 fully vested at the target performance level upon consummation of the Merger, and were settled in shares of Company common stock. The Company retained 8,479 shares of Company common stock to satisfy certain tax withholding obligations in connection with the vesting.

Content

Pursuant to the Agreement and Plan of Merger, dated July 25, 2024 (as amended, the "Merger Agreement"), by and among Bally's Corporation, SG Parent LLC, The Queen Casino & Entertainment, Inc., and other parties thereto, on February 7, 2025, each share of Bally's common stock, par value $0.01 per share, issued and outstanding immediately prior to the closing (other than shares that have elected to remain outstanding) were canceled automatically and converted into the right to receive cash consideration of $18.25 per share.

Pursuant to the Merger Agreement, as defined in Note 1, Company PSUs granted to Mr. Reeves in October 2021 fully vested at the target performance level upon consummation of the Merger, and were settled in shares of Company common stock. The Company retained 8,479 shares of Company common stock to satisfy certain tax withholding obligations in connection with the vesting.