Barker Lee Kim 4

What Happened

• Barker Lee Kim, EVP and Chief Legal Officer of Bally's Corporation, had 8,184 restricted stock units (RSUs) vest on March 1, 2026. Those RSUs converted into 8,184 shares of common stock. The company withheld 3,992 of those shares to satisfy tax-withholding obligations, reflecting proceeds of approximately $56,766 (3,992 shares × $14.22 per share). The filing shows the RSU conversion (derivative exercise) and the withholding (tax obligation).

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely).
• Conversion: 8,184 RSUs converted into 8,184 shares (reported as derivative exercise, code M) at $0.00 per share (RSUs convert to shares without purchase price).
• Withholding: 3,992 shares were surrendered/withheld to cover taxes (reported as code F) at $14.22 per share = $56,766.
• Footnotes: Each RSU equals one share (F2). The 8,184 vested on March 1, 2026 are one-third of a 24,554-RSU grant made March 10, 2023, which vests in three equal installments (F3). The company retained the withheld shares to satisfy tax obligations (F1).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• This was a routine RSU vesting event, not an open-market buy or a voluntary sale; the only "disposed" shares were withheld for taxes, which is common and generally not an indicator of insider sentiment. The transaction codes reflect conversion of RSUs into shares and tax withholding rather than a market sale.