Form 4: Full House Resorts CEO Daniel R. Lee Exercises Stock Options and Sells Shares

Daniel R. Lee, President and CEO of Full House Resorts, exercised stock options and sold shares to cover the exercise price and tax obligations.

Summary

• On September 11, 2024, Daniel R. Lee, the President and CEO of Full House Resorts, exercised stock options to acquire 718,834 shares of common stock at $1.25 per share.
• He then sold 8,954 shares on September 13, 2024, at a weighted average price of $5.0771, with prices ranging from $5.00 to $5.12.
• Shares were also withheld to cover the exercise price of the stock options, resulting in the disposal of 180,794 shares at $4.97.
• 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 and indirectly owns 145,735 shares through a trust, 132,945 shares through a subtrust, and 15,926 shares as custodian for his daughter.
• He also holds options to purchase 216,046 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects routine insider trading activity under a pre-arranged plan. There's no indication of positive or negative implications for 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. Insider transactions are common and are often planned in advance.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increase in outstanding shares from option exercises and the subsequent sale of shares.

Key Dates