Bally's (BALY) president vests 35,714 RSUs and withholds shares for taxes

Rhea-AI Filing Summary

Bally's Corporation president George T. Papanier reported equity award activity involving restricted stock units and common shares. On March 1, 2026, 35,714 restricted stock units vested and were converted into the same number of Bally's common shares in a derivative exercise.

To cover tax withholding obligations tied to this vesting, 14,052 common shares were withheld at a price of $14.22 per share, reducing his directly held common stock to 297,463 shares. An additional 9,000 common shares are reported as held indirectly by a trust.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Papanier George T.

(Last) (First) (Middle)

C/O BALLY'S CORPORATION

100 WESTMINSTER STREET

(Street)

PROVIDENCE RI 02903

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bally's Corp [ BALY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2026		M		35,714	A	$0	311,515	D
Common Stock	03/01/2026		F(1)		14,052	D	$14.22	297,463	D
Common Stock								9,000	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit(2)	(2)	03/01/2026		M			35,714	(3)	(3)	Common Stock	35,714	$0	0	D

Explanation of Responses:

1. On March 1, 2026, 35.714 shares of Bally's Corporation (the "Company") restricted stock units vested. The Company retained 14,052 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.

2. Each restricted stock unit represents the right to receive one share of Bally's Corporation common stock upon vesting in accordance with the terms of the reporting person's restricted stock unit agreement.

3. On February 15, 2023, the reporting person was granted 85,540 restricted stock units of which 14,112 will vest on December 31, 2023, 35,714 will vest on March 1, 2025 and 35,714 will vest on March 1, 2026.

Remarks:

	/s/ Victoria Ellis, Attorney-In-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Bally's (BALY) president George T. Papanier report?

George T. Papanier reported vesting of 35,714 restricted stock units that converted into common shares, and a related withholding of 14,052 shares to satisfy tax obligations, all dated March 1, 2026, under his equity award agreement.

Was George T. Papanier buying or selling Bally's (BALY) shares in this Form 4?

The Form 4 shows an exercise of restricted stock units and a disposition for tax withholding, not an open-market buy or sell. Shares were issued from vested RSUs and some were withheld by the company to cover tax liabilities.

How many Bally's (BALY) shares does George T. Papanier hold after these transactions?

After these transactions, George T. Papanier directly holds 297,463 Bally's common shares. The filing also reports an additional 9,000 common shares held indirectly by a trust, reflecting both direct and indirect ownership positions.

What price was used for the Bally's (BALY) tax-withholding share disposition?

The company withheld 14,052 common shares at a price of $14.22 per share to satisfy tax obligations related to the vesting of restricted stock units on March 1, 2026, as disclosed in the transaction details.

What restricted stock unit grant underlies the Bally's (BALY) president’s vesting?

The vesting relates to an 85,540 restricted stock unit grant awarded on February 15, 2023. Of this grant, 14,112 units vested on December 31, 2023, and 35,714 units vested on March 1, 2025 and March 1, 2026, respectively.

How do Bally's (BALY) restricted stock units held by George T. Papanier work?

Each restricted stock unit represents the right to receive one share of Bally's common stock upon vesting. The units convert into shares according to the vesting schedule in the executive’s restricted stock unit agreement.