Form 4: Full House Resorts CEO Daniel R. Lee Executes Stock Option Exercises and Sales
SEC Form 4 Filing
Daniel R. Lee, President and CEO of Full House Resorts, Inc., reports exercising stock options and selling shares under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Daniel R. Lee, the President and CEO of Full House Resorts, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On September 26, 2024, he exercised options to acquire 652 shares of common stock at $1.25 per share and sold the same amount at a weighted average price of $5.0015.
- On September 27, 2024, he exercised options to acquire 7,277 shares of common stock at $1.25 per share and sold the same amount at a weighted average price of $5.0418.
- On September 30, 2024, he exercised options to acquire 1,675 shares of common stock at $1.25 per share and sold the same amount at a weighted average price of $5.008.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 11, 2024.
- Following these transactions, Lee directly owns 1,588,880 shares of common stock.
- Lee also indirectly owns 145,735 shares through a trust, 132,945 shares through a subtrust, and 15,926 shares as custodian for his daughter.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. The transactions are part of a pre-arranged plan, suggesting they are not based on any specific positive or negative information about the company.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's outlook or performance. It is common for executives to exercise stock options and sell shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| June 11, 2024 | Date the reporting person adopted a Rule 10b5-1 trading plan. |
| 09/26/2024 | Date of first reported transaction: exercise of options and sale of shares. |
| 09/27/2024 | Date of second reported transaction: exercise of options and sale of shares. |
| 09/30/2024 | Date of third reported transaction: exercise of options and sale of shares. |
| 09/30/2024 | Date of Form 4 filing. |
| 11/28/2024 | Expiration date of the employee stock options. |
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