Form 4: Viktoryia Pulliam Reports Final GDEN Equity Disposition

SVP of Accounting Viktoryia Pulliam reports the final disposition of New Royal Holdco I Inc. shares following a merger.

Summary

• Viktoryia Pulliam, SVP of Accounting, reported the accelerated vesting and conversion of Restricted Stock Units (RSUs) and Preferred Stock Units (PSUs) into common stock.
• The transactions occurred on April 29 and April 30, 2026, in accordance with the Master Transaction Agreement dated November 6, 2025.
• Following the conversion and subsequent disposition of shares, the reporting person holds zero shares of the issuer.
• Shares were exchanged for VICI Properties Inc. stock at a ratio of 0.902 shares per GDEN share, with cash paid for fractional shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing documenting the final equity settlement of an executive following a pre-announced merger.

Positives

• Full vesting of equity awards (RSUs and PSUs) for the reporting person.
• Successful execution of the Master Transaction Agreement involving VICI Properties Inc.

Negatives

• The reporting person has fully divested their holdings in the issuer, New Royal Holdco I Inc., as part of the merger process.

Risks

• The issuer is undergoing a reorganization and merger, which carries inherent integration and execution risks.

Future Outlook

The issuer is being reorganized and merged into VICI Properties Inc., effectively ending its status as an independent entity.

Management Comments

• Transactions were executed in accordance with the Master Transaction Agreement dated November 6, 2025.

Industry Context

StockSavvy.ai notes that this filing represents the final stages of a corporate acquisition, consistent with broader consolidation trends in the real estate and gaming holding sectors.

Comparison to Industry Standards

• The use of a Master Transaction Agreement for equity settlement is standard practice in large-scale corporate mergers.
• The exchange ratio of 0.902 is specific to the negotiated terms between New Royal Holdco I Inc. and VICI Properties Inc.

Stakeholder Impact

• Shareholders are impacted by the exchange of GDEN shares for VICI Properties Inc. shares.

Next Steps

• Finalization of the merger and reorganization process with VICI Properties Inc.

Key Dates

Keywords

GDEN, New Royal Holdco I Inc., VICI Properties, Form 4, Merger, Equity Vesting, Insider Transaction