Golden Entertainment (GDEN) director gets 5,643 RSUs and new stock

Rhea-AI Filing Summary

Golden Entertainment, Inc. director Mark A. Lipparelli reported equity compensation and conversions of restricted stock units into common shares. He received a grant of 5,643 restricted stock units, which are time-based awards scheduled to vest on May 22, 2027.

On the same date, time-based restricted stock units that had vested were converted into common stock on a one-for-one basis, including blocks of 4,292, 5,375 and 5,815 shares at a price of $0.00 per share. After these transactions, he directly owned 88,222 shares of Golden Entertainment common stock, which include additional shares issued as dividend equivalents on prior RSU grants.

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^*

LIPPARELLI MARK A

(Last) (First) (Middle)

6595 S. JONES BLVD.

(Street)

LAS VEGAS NV 89118

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GOLDEN ENTERTAINMENT, INC. [ GDEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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

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

X	Form filed by One Reporting Person
	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	02/27/2026		M		4,292	A	(1)	77,032	D
Common Stock	02/27/2026		M		5,375	A	(1)	82,407	D
Common Stock	02/27/2026		M		5,815	A	(1)	88,222	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
Restricted Stock Units	(2)	02/27/2026		A		5,643		(3)	(3)	Common Stock	5,643	$0	5,643	D
Restricted Stock Units	(2)	02/27/2026		M			4,292	(4)	(4)	Common Stock	4,292	$0	0	D
Restricted Stock Units	(2)	02/27/2026		M			5,375	(4)	(4)	Common Stock	5,375	$0	0	D
Restricted Stock Units	(2)	02/27/2026		M			5,815(5)	(4)	(4)	Common Stock	5,815	$0	0	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. Each restricted stock unit represents a contingent right to receive one share of common stock.

3. Represents time-based RSUs. RSUs that have not been forfeited shall vest on May 22, 2027.

4. Represents time-based restricted stock units that vested.

5. Includes additional shares acquired since the date of the reporting person's last report through the issuance of a dividend equivalent on the time-based RSUs granted on May 23, 2025. Additional shares acquired through the dividend equivalent will follow the vesting schedule and conditions of the original grants.

Remarks:

	/s/ Charles H. Protell, attorney-in-fact	02/27/2026
	** Signature of Reporting Person	Date
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.

FAQ

What did Golden Entertainment (GDEN) director Mark Lipparelli report in this Form 4?

Mark A. Lipparelli reported equity compensation activity, including a new restricted stock unit grant and RSU conversions into common stock. These transactions reflect awards and vesting under company plans, not open-market buying or selling of Golden Entertainment, Inc. shares.

How many restricted stock units were granted to GDEN director Mark Lipparelli?

He was granted 5,643 restricted stock units. Each unit represents a contingent right to receive one share of Golden Entertainment common stock, subject to vesting conditions. The filing identifies these as time-based RSUs that are part of his director equity compensation.

When do Mark Lipparelli’s new Golden Entertainment RSUs vest?

The time-based restricted stock units granted to Mark A. Lipparelli are scheduled to vest on May 22, 2027. Vesting means the RSUs become earned, after which they can convert into Golden Entertainment common stock on a one-for-one basis, assuming they are not forfeited.

What RSU-to-common stock conversions did GDEN’s director report?

He reported exercises or conversions of vested restricted stock units into common stock in blocks of 4,292, 5,375 and 5,815 shares at $0.00 per share. These transactions reflect RSUs that vested and were settled in Golden Entertainment common stock rather than cash.

How many Golden Entertainment common shares does Mark Lipparelli own after these transactions?

After the reported RSU conversions, Mark A. Lipparelli directly owned 88,222 shares of Golden Entertainment common stock. This amount includes additional shares issued as dividend equivalents on earlier time-based RSU grants, which follow the vesting schedule of the original awards.

Are the dividend equivalent shares on GDEN RSUs included in Lipparelli’s holdings?

Yes. The filing states that his holdings include additional shares acquired through dividend equivalents on time-based RSUs granted on May 23, 2025. These dividend-equivalent shares follow the same vesting schedule and conditions as the original restricted stock unit grants.