Bally's (BALY) Form 4: Director stock grant and 33.36M indirect holdings disclosed
Rhea-AI Filing Summary
Form 4 disclosure for Bally's Corp (BALY) shows that Standard General L.P. and Soohyung Kim reported changes in beneficial ownership dated 09/30/2025 and filed 10/01/2025. The report lists 33,359,744 shares of common stock beneficially owned indirectly by Standard General. Mr. Kim received an immediately vested restricted stock grant of 4,505 shares at no cash price, and there is a reported disposition of 61,053 shares. The filing explains the indirect ownership arises from Standard General acting as investment manager to private vehicles and notes customary disclaimers of beneficial ownership.
Positive
- Director equity compensation granted: 4,505 immediately vested restricted shares were awarded to Soohyung Kim pursuant to the 2021 Equity Incentive Plan at $0 price
- Clear disclosure of large indirect stake: Standard General L.P. reports indirect beneficial ownership of 33,359,744 common shares
Negative
- Disposition reported: 61,053 shares are shown as disposed of in the filing which reduces reported holdings
- Reliance on disclaimers: Reporting persons explicitly disclaim beneficial ownership except for pecuniary interest, which may limit clarity on voting or control rights
Insights
TL;DR: Routine insider disclosure: a small director grant and a larger indirect holding reported; no earnings or debt items disclosed.
The Form 4 documents an immediately vested restricted stock grant of 4,505 shares to a director and the indirect beneficial ownership of 33,359,744 shares by Standard General L.P. The filing also records a disposition of 61,053 shares. These items are standard equity compensation and ownership disclosures and do not by themselves change the companys financial statements or capital structure. The zero purchase price for the grant indicates equity compensation rather than a market purchase.
TL;DR: Disclosure aligns with Section 16 requirements showing director compensation and a large indirect stake held by an investment manager.
The report clarifies relationships: Mr. Kim is a director and Chief Investment Officer of Standard General-related entities and may be deemed an indirect beneficial owner. The filing includes the required disclaimers that the reporting persons disclaim beneficial ownership except for pecuniary interest. The immediate vesting of a director grant should be noted for governance transparency, but the form contains no indication of unusual related-party transactions or changes to governance control.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,505 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These shares are beneficially owned by Standard General L.P. ("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. These shares represent a grant of immediately vested restricted stock to Mr. Kim, pursuant to the Issuer's 2021 Equity Incentive Plan. (the "Plan").
