Form 4: Standard General Distributes Bally's Corp Shares
Insider Transaction Report
Standard General L.P. and its Chief Investment Officer, Soohyung Kim, reported the distribution of 254,896 Bally's Corp common shares from a private investment vehicle.
Summary
- Soohyung Kim, a Director and 10% Owner of Bally's Corp, and Standard General L.P., a 10% Owner, reported changes in their beneficial ownership of Bally's Corp (BALY) common stock.
- A private investment vehicle managed by Standard General L.P. distributed 254,896 shares of Bally's common stock.
- Following this transaction, Standard General L.P. indirectly beneficially owns 33,104,848 shares of common stock.
- Soohyung Kim, who is also Chief Investment Officer of Standard General, may be deemed to indirectly beneficially own these shares.
- The reporting persons disclaim beneficial ownership of the reported shares except to the extent of their pecuniary interest.
Sentiment
Score: 5
Explanation: A routine disclosure of an internal share distribution by a significant shareholder, not indicative of positive or negative company performance.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
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.
- 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
NA
Related Party Transactions
- A private investment vehicle managed by Standard General L.P., where Soohyung Kim serves as Chief Investment Officer, distributed shares of Bally's Corp common stock.
Stakeholder Impact
- Minimal direct impact on public shareholders as the reported transaction is an internal distribution by a major shareholder and not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 11/24/2025 | Date of earliest transaction (distribution of common stock) |
| 11/26/2025 | Signature date for Soohyung Kim and Standard General L.P. |
Keywords
Bally's Corp, BALY, Standard General L.P., Soohyung Kim, Form 4, beneficial ownership, share distribution, insider transaction
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