Form 4: Monarch Casino & Resort CEO John Farahi Reports Stock Sale
SEC Form 4
CEO John Farahi of Monarch Casino & Resort Inc. reports selling 2,000 shares of common stock at $68 per share on June 21, 2024.
Summary
- On June 21, 2024, John Farahi, CEO of Monarch Casino & Resort Inc., sold 2,000 shares of the company's common stock at a price of $68 per share.
- Following the transaction, Farahi directly owns 525,310 shares of common stock.
- Farahi also indirectly owns 2,479,641 shares through trusts.
- Farahi holds options to buy 666,668 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing regarding an insider stock sale. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. This sale is a standard disclosure and doesn't necessarily indicate a negative outlook for the company.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on their interpretation of the transaction.
Key Dates
| Date | Description |
|---|---|
| 10/21/2017 | Options / Right to Buy $12.32 expire 10/21/2024 |
| 10/21/2018 | Options / Right to Buy $17.62 expire 10/21/2025 |
| 11/01/2019 | Options / Right to Buy $23.08 expire 11/01/2026 |
| 11/01/2020 | Options / Right to Buy $45.32 expire 11/01/2027 |
| 11/01/2021 | Options / Right to Buy $39.82 expire 11/01/2028 |
| 11/01/2022 | Options / Right to Buy $43.24 expire 11/01/2029 |
| 12/31/2023 | Options / Right to Buy $61.22 expire 12/31/2030 |
| 12/31/2024 | Options / Right to Buy $73.95 expire 12/31/2031 |
| 12/31/2025 | Options / Right to Buy $76.89 expire 12/31/2032 |
| 10/21/2025 | Options / Right to Buy $17.62 expire |
| 11/01/2026 | Options / Right to Buy $23.08 expire |
| 11/01/2027 | Options / Right to Buy $45.32 expire |
| 11/01/2028 | Options / Right to Buy $39.82 expire |
| 11/01/2029 | Options / Right to Buy $43.24 expire |
| 12/31/2030 | Options / Right to Buy $61.22 expire |
| 12/31/2031 | Options / Right to Buy $73.95 expire |
| 12/31/2032 | Options / Right to Buy $76.89 expire |
| 12/31/2026 | Options / Right to Buy $69.15 expire 12/31/2033 |
| 06/21/2024 | Date of stock sale transaction |
| 06/28/2024 | Date of signature |
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