Form 4: Bally's Corp Director Kim Soohyung Acquires Shares in Vested Restricted Stock Grant

Director and 10% owner Kim Soohyung reports acquisition of Bally's Corp shares through a vested restricted stock grant.

Summary

• On December 31, 2024, Kim Soohyung, a director and 10% owner of Bally's Corp, acquired 2,795 shares of common stock.
• These shares were granted as immediately vested restricted stock under Bally's Corp's 2021 Equity Incentive Plan.
• The transaction price was $0.
• Following the transaction, Mr. Kim directly owns 28,814 shares and indirectly owns 10,589,849 shares through Standard General L.P.
• Standard General L.P. is the investment manager to private investment vehicles.
• Mr. Kim is a director and Chief Investment Officer of Standard General.
• Both Mr. Kim and Standard General L.P. have filed the Form 4.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing indicating a transaction. The acquisition of shares by a director is mildly positive, suggesting confidence, but it's not a major event.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future.

Industry Context

This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the ownership changes of key personnel.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholders due to the director's increased stake in the company.

Key Dates