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Full House Resorts (NASDAQ: FLL) CFO awarded 104,167 restricted shares in equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Fanger Lewis A. reported acquisition or exercise transactions in this Form 4 filing.

Full House Resorts president, CFO and treasurer Lewis A. Fanger received a grant of 104,167 shares of common stock as restricted stock, awarded at no cash cost to him as equity compensation. Following this grant, he directly holds 551,452 common shares.

The restricted stock vests in three equal annual installments on May 14, 2027, 2028 and 2029 under the company’s 2025 Equity Incentive Plan and its Annual Incentive Plan for Executives. A separate performance-based grant of 104,167 restricted shares, tied to 2026–2028 EBITDA and free cash flow per share growth, was approved but will only be reported upon vesting.

Positive

  • None.

Negative

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Insider Fanger Lewis A.
Role President, CFO and Treasurer
Type Security Shares Price Value
Grant/Award Common Stock 104,167 $0.00 --
Holdings After Transaction: Common Stock — 551,452 shares (Direct, null)
Footnotes (1)
  1. This grant of 104,167 shares of restricted stock was approved by the compensation committee of the board of directors (the "Compensation Committee") of Full House Resorts, Inc. (the "Company") under the Company's 2025 Equity Incentive Plan pursuant to the Annual Incentive Plan for Executives (the "Plan"). The restricted stock will vest in three equal annual amounts on May 14, 2027, 2028 and 2029. Not included in this report is the grant of 104,167 shares of restricted stock approved by the Compensation Committee of the board of directors of the Company under the Plan. The restricted stock will vest in three equal annual amounts on May 14, 2027, 2028 and 2029, subject to the achievement of certain performance-based criteria in 2026, 2027 and 2028, including annual growth rates of EBITDA and free cash flow per share. Each such annual amount will be reported following the date of vesting
Restricted stock grant 104,167 shares Time-based restricted common stock awarded to Lewis A. Fanger
Shares after grant 551,452 shares Direct common shares held by Lewis A. Fanger following transaction
Vesting schedule 3 equal annual installments Time-based restricted stock vests on May 14, 2027, 2028 and 2029
Performance-based grant approved 104,167 shares Separate performance-based restricted stock award approved but not yet reported as vested
Performance period 2026–2028 Performance-based grant depends on EBITDA and free cash flow per share growth
restricted stock financial
"This grant of 104,167 shares of restricted stock was approved by the compensation committee"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2025 Equity Incentive Plan financial
"under the Company's 2025 Equity Incentive Plan pursuant to the Annual Incentive Plan for Executives"
Annual Incentive Plan for Executives financial
"under the Company's 2025 Equity Incentive Plan pursuant to the Annual Incentive Plan for Executives"
EBITDA financial
"including annual growth rates of EBITDA and free cash flow per share"
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
free cash flow per share financial
"including annual growth rates of EBITDA and free cash flow per share"
Free cash flow per share measures how much cash a company generates from its business after paying for running costs and investments, divided by the number of shares outstanding. It tells investors how much real, spendable cash each share represents — like dividing a household’s leftover monthly cash among family members — and helps assess a company’s ability to pay dividends, buy back stock, or reinvest for growth.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Fanger Lewis A.
(Last)(First)(Middle)
C/O FULL HOUSE RESORTS, INC.
1980 FESTIVAL PLAZA DRIVE, SUITE 680
(Street)
LAS VEGAS NEVADA 89135
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FULL HOUSE RESORTS INC [ FLL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President, CFO and Treasurer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/14/2026A104,167(1)A$0551,452(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This grant of 104,167 shares of restricted stock was approved by the compensation committee of the board of directors (the "Compensation Committee") of Full House Resorts, Inc. (the "Company") under the Company's 2025 Equity Incentive Plan pursuant to the Annual Incentive Plan for Executives (the "Plan"). The restricted stock will vest in three equal annual amounts on May 14, 2027, 2028 and 2029.
2. Not included in this report is the grant of 104,167 shares of restricted stock approved by the Compensation Committee of the board of directors of the Company under the Plan. The restricted stock will vest in three equal annual amounts on May 14, 2027, 2028 and 2029, subject to the achievement of certain performance-based criteria in 2026, 2027 and 2028, including annual growth rates of EBITDA and free cash flow per share. Each such annual amount will be reported following the date of vesting
/s/ Lewis A. Fanger05/18/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Full House Resorts (FLL) report for Lewis A. Fanger?

Full House Resorts reported that Lewis A. Fanger received 104,167 shares of restricted common stock as an equity grant. The award was granted at no cash cost and is part of his compensation, increasing his direct holdings to 551,452 common shares.

How will Lewis A. Fanger’s 104,167 restricted shares in Full House Resorts vest?

The 104,167 restricted shares granted to Lewis A. Fanger will vest in three equal annual installments. Vesting occurs on May 14 in 2027, 2028 and 2029, subject to the terms of Full House Resorts’ 2025 Equity Incentive Plan and its executive incentive framework.

What is Lewis A. Fanger’s total Full House Resorts shareholding after this Form 4 grant?

After the grant, Lewis A. Fanger directly holds 551,452 shares of Full House Resorts common stock. This figure reflects his position immediately following the 104,167-share restricted stock award disclosed in the Form 4 insider transaction report.

Was there a performance-based equity grant for Lewis A. Fanger at Full House Resorts?

Yes. A separate performance-based grant of 104,167 restricted shares was approved for Lewis A. Fanger. These shares vest in three annual amounts from 2027 to 2029, contingent on EBITDA and free cash flow per share growth in 2026, 2027 and 2028.

Under which plans were Lewis A. Fanger’s Full House Resorts restricted stock grants approved?

The restricted stock grants were approved under Full House Resorts’ 2025 Equity Incentive Plan and its Annual Incentive Plan for Executives. The compensation committee of the board authorized both the time-based and performance-based awards for Lewis A. Fanger.

Are all of Lewis A. Fanger’s approved Full House Resorts restricted shares included in this Form 4?

No. The Form 4 includes one grant of 104,167 restricted shares. A second grant of 104,167 performance-based restricted shares was also approved but will be reported in future filings only as each annual tranche actually vests.