Form 4: Bally's Corp: Director Kim Soohyung Reports Acquisition of Common Stock

Director Kim Soohyung reports acquisition of common stock in Bally's Corp through vested restricted stock and indirect ownership via Standard General L.P.

Summary

• Kim Soohyung, a director and 10% owner of Bally's Corp, reported a transaction on March 31, 2025.
• Mr. Kim acquired 4,065 shares of common stock at $0.
• These shares represent a grant of immediately vested restricted stock under the Issuer's 2021 Equity Incentive Plan.
• Mr. Kim also indirectly owns 35,759,744 shares through Standard General L.P., where he serves as Chief Investment Officer and a director of the general partner.
• Both Mr. Kim and Standard General L.P. disclaim beneficial ownership of these shares except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a regulatory filing reporting a transaction. The acquisition of shares by a director could be interpreted slightly positively, but the filing itself is factual.

Positives

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

Management Comments

• Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the ownership changes of key individuals within Bally's Corp.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholders as it signals confidence from a director.

Key Dates

Keywords

Form 4, Beneficial Ownership, Kim Soohyung, Standard General L.P., Bally's Corp, BALY, Director, 10% Owner, Common Stock, Restricted Stock, Equity Incentive Plan