4/A: Bally's Corp: Director Kim Soohyung Amends Filing to Correct Share Count
SEC Filing (Form 4/A)
Kim Soohyung, a director and 10% owner of Bally's Corp, filed an amendment to a previous Form 4 to correct a typographical error in the reported number of indirectly beneficially owned shares.
Summary
- Kim Soohyung, a director and 10% owner of Bally's Corp, filed an amended Form 4 with the SEC.
- The amendment corrects a typographical error in the number of shares previously reported as being indirectly beneficially owned.
- The corrected filing shows that Standard General L.P., as investment manager, beneficially owns 8,849,849 shares.
- Mr. Kim, as a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, may be deemed to indirectly beneficially own these securities.
- Mr. Kim also received 2,795 shares of common stock on December 31, 2024, as a grant of immediately vested restricted stock under Bally's 2021 Equity Incentive Plan.
- Following the reported transactions, Mr. Kim directly owns 28,814 shares.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, specifically an amendment to correct a minor error. It doesn't contain any information that would significantly impact investor sentiment positively or negatively. The grant of restricted stock is a positive sign of aligning management interests.
Positives
- The filing provides transparency into the ownership structure of Bally's Corp.
- The grant of restricted stock to Mr. Kim aligns his interests with those of the company and its shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Amendments are not uncommon and often correct minor errors or omissions in the original filings.
Stakeholder Impact
- The corrected filing ensures accurate information is available to shareholders regarding insider ownership.
- The grant of restricted stock to Mr. Kim aligns his interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction for the acquisition of 2,795 shares of common stock. |
| 01/03/2025 | Date of original filing that was amended. |
| 01/15/2025 | Date of the amended filing. |
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