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

Director Kim Soohyung reports acquisition of 18,450 shares of Bally's Corp restricted stock, vesting within a year, while Standard General L.P. reports beneficial ownership of 35,759,744 shares.

Summary

• Kim Soohyung, a director of Bally's Corp and Chief Investment Officer of Standard General L.P., reported acquiring 18,450 shares of common stock on May 15, 2025.
• These shares represent a grant of restricted stock under Bally's 2021 Equity Incentive Plan.
• The shares vest on the earlier of the first anniversary of the grant date or the date of the Issuer's Annual Meeting in the following year, contingent upon continuous service as a Director.
• Standard General L.P. is reported as beneficially owning 35,759,744 shares.
• Mr. Kim, as a director of the general partner of the general partner of Standard General, may be deemed to indirectly beneficially own these shares.
• Both Mr. Kim and Standard General L.P. disclaim beneficial ownership of the shares except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of restricted stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.
• The vesting conditions incentivize continued service and alignment with shareholder interests.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of the restricted stock is contingent on continued service as a director.

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 and beneficial ownership, common in the corporate governance landscape.

Stakeholder Impact

• The acquisition of restricted stock by a director may have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Bally's Corp, Kim Soohyung, Standard General L.P., beneficial ownership, restricted stock, Form 4, director, equity incentive plan