Full House Resorts (FLL) CFO exercises 50K options, 33K shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FULL HOUSE RESORTS INC President, CFO and Treasurer Lewis A. Fanger exercised employee stock options and satisfied the cost using shares. He exercised options for 50,000 shares of common stock at $1.70 per share, converting a derivative award into regular shares.
The issuer withheld 33,074 shares of common stock, valued at $2.57 per share, to cover the option exercise price rather than selling shares in the open market. Following these transactions, Fanger directly owns 477,930 shares of Full House Resorts common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,000 shares exercised/converted
Mixed
3 txns
Insider
Fanger Lewis A.
Role
President, CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 50,000 | $0.00 | -- |
| Exercise | Common Stock | 50,000 | $1.70 | $85K |
| Tax Withholding | Common Stock | 33,074 | $2.57 | $85K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct, null);
Common Stock — 477,930 shares (Direct, null)
Footnotes (1)
- Represents the shares of common stock withheld by the issuer to satisfy the exercise price for the stock options. The stock option fully vested on May 10, 2019.
Key Figures
Options exercised: 50,000 shares
Exercise price: $1.70/share
Shares withheld: 33,074 shares
+3 more
6 metrics
Options exercised
50,000 shares
Employee stock option exercise at $1.70 per share
Exercise price
$1.70/share
Exercise price of employee stock option
Shares withheld
33,074 shares
Shares withheld by issuer to satisfy exercise price
Withholding share value
$2.57/share
Value per share for withheld common stock
Shares owned after
477,930 shares
Common stock directly owned post-transaction
Options remaining from this grant
0 options
Employee stock option position after full 50,000-share exercise
Key Terms
tax-withholding disposition, Exercise or conversion of derivative security, Employee Stock Option (right to buy), fully vested
4 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Employee Stock Option (right to buy) financial
"security_title": "Employee Stock Option (right to buy)""
fully vested financial
"The stock option fully vested on May 10, 2019."
FAQ
What did the Full House Resorts (FLL) CFO do in this Form 4 filing?
The CFO exercised stock options for 50,000 shares of common stock. The company withheld 33,074 shares to cover the exercise cost, and he ended with 477,930 shares owned directly after the transactions.
Was the Full House Resorts (FLL) CFO’s Form 4 transaction an open-market sale?
No, the filing shows a tax-withholding disposition, not an open-market sale. 33,074 shares were withheld by the issuer to pay the stock option exercise price, so no regular market sale occurred in this transaction.
What stock option terms are disclosed for the Full House Resorts (FLL) CFO?
The filing reports an employee stock option for 50,000 shares at a $1.70 exercise price. A footnote states the option fully vested on May 10, 2019, and the reported transaction reflects its full exercise into common shares.