Bally's Corp (BALY) insider filing shows 32.5M shares beneficially owned

Rhea-AI Filing Summary

Bally's Corp insider ownership details were updated after an equity grant. A reporting group including Standard General L.P. and Soohyung Kim, who are identified as a director and 10% owners of Bally's, reported their holdings. Standard General is shown as beneficially owning 32,480,973 shares of Bally's common stock through private investment vehicles. On 12/31/2025, Mr. Kim received a grant of 3,027 shares of immediately vested restricted stock under Bally's 2021 Equity Incentive Plan at a stated price of $0, increasing his direct ownership to 64,080 shares. The reporting persons state they may be deemed to indirectly own the reported securities but disclaim 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)
12/31/2025

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								32,480,973	I	See Footnote(1)
Common Stock	12/31/2025		A		3,027(2)	A	$0	64,080	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. 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.

2. These shares represent a grant of immediately vested restricted stock to Mr. Kim, pursuant to the Issuer's 2021 Equity Incentive Plan. (the "Plan").

	/s/ Soohyung Kim	01/05/2026
	/s/ Standard General L.P., by Joseph Mause, Chief Financial Officer	01/05/2026
	** 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 filing?

The filing reports that Soohyung Kim received a grant of 3,027 shares of immediately vested restricted Bally's Corp common stock on 12/31/2025 under the company’s 2021 Equity Incentive Plan.

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

The reporting persons are Standard General L.P., acting as investment manager to private investment vehicles, and Soohyung Kim, who is a director of Bally's and a director and Chief Investment Officer associated with Standard General.

How many Bally's Corp (BALY) shares are beneficially owned by Standard General?

The filing shows that Standard General L.P. beneficially owns 32,480,973 shares of Bally's Corp common stock through private investment vehicles, as described in the explanatory footnote.

What is Soohyung Kim’s direct Bally's Corp (BALY) share ownership after the reported grant?

After receiving the restricted stock grant, the table shows that Soohyung Kim directly owns 64,080 shares of Bally's Corp common stock.

How do the reporting persons describe their beneficial ownership of Bally's Corp (BALY) shares?

The reporting persons state that they may be deemed to indirectly beneficially own the securities reported, but each disclaims beneficial ownership of the shares except to the extent of its or his pecuniary interest.

Under what plan was the Bally's Corp (BALY) restricted stock granted to Soohyung Kim?

The 3,027-share grant to Soohyung Kim was made as immediately vested restricted stock pursuant to Bally's Corp’s 2021 Equity Incentive Plan.