Guidroz Elaine 4

What Happened

• Elaine Guidroz, SVP, Secretary & General Counsel of Full House Resorts (FLL), exercised 40,000 stock options on March 16, 2026. The options had a $1.70 strike, so the exercise represented $68,000 of strike value (40,000 x $1.70). The issuer withheld 30,742 of the resulting shares to satisfy the exercise price and tax withholding obligations, valued in the filing at $80,544 (30,742 x $2.62). The net result appears to be receipt of 9,258 shares by Guidroz (40,000 exercised less 30,742 withheld). The filing also records a related derivative conversion entry for 40,000 option shares at $0 (administrative record of the option-to-share conversion).

Key Details

• Transaction date: 2026-03-16; filing date: 2026-03-18 (filed timely).
• Option exercise: 40,000 shares at $1.70 strike (total strike = $68,000).
• Shares withheld for exercise price/taxes: 30,742 shares at $2.62 (value reported = $80,544).
• Net shares issued to insider (based on filing math): 9,258 shares.
• Footnotes: F1 — shares were withheld by the issuer to satisfy exercise price and tax withholding; F2 — the option vested in three equal annual installments beginning May 10, 2017.
• Shares owned after the transaction: not specified in the information provided in the filing.

Context

• This was an option exercise with partial cashless treatment: the issuer withheld a portion of the shares to cover the exercise price and tax withholding, which is a common, administrative way insiders realize vested option value. Such withholding/sale transactions are routine and do not, by themselves, indicate a purchase-driven bullish signal.