Bally's Corp (NYSE: BALY) insider group transfers 623,875 shares

Rhea-AI Filing Summary

Bally's Corp insider affiliates reported a significant share transfer. On 12/22/2025, a private investment vehicle managed by Standard General L.P. transferred 623,875 shares of Bally's common stock to a third party to repay approximately $11.5 million owed under a promissory note.

Following this transaction, Standard General, in its role as investment manager to private investment vehicles, is reported as beneficially owning 32,480,973 Bally's shares indirectly. Soohyung Kim, a director of Bally's and of entities related to Standard General, may be deemed to indirectly beneficially own these securities, although each reporting person disclaims beneficial ownership beyond their pecuniary interest.

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^*

Kim Soohyung

(Last) (First) (Middle)

C/O STANDARD GENERAL L.P.

767 FIFTH AVENUE, 12TH FLOOR

(Street)

NEW YORK NY 10153

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

3. Date of Earliest Transaction (Month/Day/Year)
12/22/2025

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

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

	Form filed by One Reporting Person
X	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	12/22/2025		J		623,875	D	(1)	32,480,973	I	See Footnote(2)
Common Stock								61,053	D

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

1. Name and Address of Reporting Person^*

Kim Soohyung

(Last) (First) (Middle)

C/O STANDARD GENERAL L.P.

767 FIFTH AVENUE, 12TH FLOOR

(Street)

NEW YORK NY 10153

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Standard General L.P.

(Last) (First) (Middle)

767 FIFTH AVENUE

12TH FLOOR

(Street)

NEW YORK NY 10153

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. A private investment vehicle managed by Standard General L.P. ("Standard General") transferred 623,875 shares of common stock of the Issuer to a third-party in repayment of approximately $11.5M owing under a promissory note held by the third-party.

2. These shares are beneficially owned by Standard General in its capacity as investment manager to private investment vehicles. Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. Mr. Kim is also a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.

	/s/ Soohyung Kim	12/23/2025
	/s/ Standard General L.P., by Joseph Mause, Chief Financial Officer	12/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Bally's Corp (BALY) report in this Form 4?

A private investment vehicle managed by Standard General L.P. transferred 623,875 shares of Bally's common stock to a third party in repayment of a promissory note.

What was the value of the Bally's Corp (BALY) shares transferred?

The 623,875 Bally's shares were transferred to repay approximately $11.5 million owed under a promissory note held by the third party.

How many Bally's Corp (BALY) shares do the reporting persons beneficially own after the transaction?

After the reported transaction, the filing states that 32,480,973 shares of Bally's common stock are beneficially owned indirectly by Standard General as investment manager to private investment vehicles.

Who are the key reporting persons in this Bally's Corp (BALY) insider filing?

The filing identifies Standard General L.P. as investment manager to private investment vehicles and Soohyung Kim as a director of the Issuer and of entities related to Standard General.

Why were Bally's Corp (BALY) shares transferred by the Standard General-managed vehicle?

The filing explains that 623,875 shares of Bally's common stock were transferred to a third party to repay approximately $11.5 million owed under a promissory note.

Do the reporting persons claim full beneficial ownership of the Bally's Corp (BALY) shares?

No. Each reporting person disclaims beneficial ownership of the reported shares except to the extent of its or his pecuniary interest in those securities.

What is the relationship of the reporting persons to Bally's Corp (BALY)?

The filing identifies the reporting persons as a director and 10% owner with respect to Bally's Corp.