Form 4: Bally's Director Soohyung Kim Increases Direct Stake Through Equity Grant

Bally's Corp Director and 10% owner Soohyung Kim was granted 5,219 shares of immediately vested restricted stock, increasing his direct beneficial ownership to 56,548 shares.

Summary

• Soohyung Kim, a Director and 10% owner of Bally's Corp, received a grant of 5,219 shares of common stock on June 30, 2025.
• These shares represent immediately vested restricted stock, granted under Bally's 2021 Equity Incentive Plan.
• Following this transaction, Mr. Kim directly beneficially owns 56,548 shares of Bally's common stock.
• Standard General L.P., where Mr. Kim serves as Chief Investment Officer, continues to indirectly beneficially own 35,759,744 shares of Bally's common stock.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director and significant owner, especially through an immediately vested equity incentive plan, is generally a positive signal, indicating alignment of interests and confidence in the company's future.

Positives

• An insider, Soohyung Kim, who is both a Director and a 10% owner, has increased his direct beneficial ownership in Bally's Corp by 5,219 shares.
• The grant of immediately vested restricted stock aligns management's interests with those of shareholders, incentivizing long-term performance.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

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 reflects an equity grant to a key insider at Bally's Corp, a company operating in the highly competitive gaming and casino industry. Such grants are common mechanisms to incentivize and retain executive talent, aligning their interests with the long-term performance of the company within its sector.

Related Party Transactions

• The transaction involves an equity grant of 5,219 shares to Soohyung Kim, a director and 10% owner of Bally's Corp, from the issuer, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The increase in insider ownership may be viewed positively, signaling management's confidence and aligning their interests with shareholder value creation.
• Employees: The equity incentive plan demonstrates a mechanism for executive compensation, potentially impacting morale and retention.

Key Dates

Recommendation

Keywords

Bally's Corp, BALY, Soohyung Kim, Standard General L.P., SEC Form 4, Insider Transaction, Equity Grant, Restricted Stock, Beneficial Ownership, Director, 10% Owner, Gaming Industry, Casino