4/A: Bally's Corp: Kim Soohyung Reports Changes in Beneficial Ownership

Kim Soohyung, a director and 10% owner of Bally's Corp, reports changes in beneficial ownership, including the acquisition of restricted stock and correction of a previous reporting error.

Summary

• Kim Soohyung, a director and 10% owner of Bally's Corp, filed an amendment to a previous Form 4.
• The amendment corrects a typographical error in the number of shares previously reported.
• Kim Soohyung acquired 4,177 shares of common stock through a grant of immediately vested restricted stock under the company's 2021 Equity Incentive Plan.
• As of June 30, 2024, Standard General L.P. beneficially owns 10,589,849 shares.
• Kim Soohyung may be deemed to indirectly beneficially own these shares due to his role at Standard General.
• Kim Soohyung disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing primarily involves routine reporting and a correction of a previous error. The acquisition of restricted stock is a mildly positive signal.

Positives

• The acquisition of restricted stock by a director could be seen as a positive sign of alignment with shareholder interests.

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

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing is specific to Bally's Corp and its major shareholders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates