Form 4: Full House Resorts CEO Daniel R. Lee Sells Shares in August 2024
SEC Filing Form 4
Daniel R. Lee, President & CEO of Full House Resorts, Inc., sold a total of 94,512 shares of common stock between August 13 and August 15, 2024.
Summary
- Daniel R. Lee, the President and CEO of Full House Resorts, Inc. (FLL), reported the sale of company stock in a Form 4 filing with the SEC.
- The transactions occurred between August 13, 2024, and August 15, 2024.
- A total of 94,512 shares of common stock were sold.
- The sales were executed at weighted average prices ranging from $5.00 to $5.115 per share.
- Following these transactions, Lee directly owns 1,056,737 shares.
- Lee also indirectly owns 145,735 shares by trust, 132,945 shares by subtrust and 15,926 shares as custodian for his daughter.
Sentiment
Score: 5
Explanation: The document itself is neutral, simply reporting the facts of the stock sale. The sentiment is neither positive nor negative without additional context.
Industry Context
Insider selling is a common occurrence, but the market often interprets it based on the individual's role and the size of the transaction. Significant insider selling can sometimes be perceived negatively, as it might suggest a lack of confidence in the company's future prospects, although there can be many legitimate reasons for selling shares.
Stakeholder Impact
- Shareholders may react to the news of the CEO's stock sale, potentially impacting the stock price.
- The impact on employees, customers, suppliers, and creditors is likely to be minimal unless the stock sale signals a larger strategic shift.
Key Dates
| Date | Description |
|---|---|
| 08/13/2024 | First reported transaction date: Sale of 35,000 shares at a weighted average price of $5.0241. |
| 08/14/2024 | Second reported transaction date: Sale of 35,000 shares at a weighted average price of $5.0065. |
| 08/15/2024 | Third reported transaction date: Sale of 24,512 shares at a weighted average price of $5.035. |
| 08/15/2024 | Date of signature by Attorney-in-Fact. |
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