[Form 4] Monarch Casino & Resort Inc Insider Trading Activity

Rhea-AI Filing Summary

Monarch Casino & Resort Inc. (MCRI) – Form 4 insider filing

Director Paul Andrews disclosed one reportable transaction dated 06/30/2025: the grant of 6,100 stock options with a strike price of $86.44. The options become exercisable on 12/31/2025 and expire on 06/30/2035. Following this grant, Andrews’ aggregate derivative position totals 61,000 option-linked shares, while his direct common-stock holding remains at 5,000 shares.

No open-market purchases or sales of common stock were reported. The activity represents routine board compensation and does not materially alter the company’s share count or the director’s overall economic exposure. Investors should view the filing as neutral housekeeping rather than a signal of changing sentiment.

Insights

Financial Analyst

TL;DR: Routine 6,100-share option grant to director; no stock bought or sold—neutral impact.

The sole transaction is a standard non-cash equity award, typical for director compensation in the gaming & hospitality sector. With 18.9 million MCRI shares outstanding (last 10-K), the grant represents <0.04% potential dilution—immaterial for valuation models. The director’s total derivative exposure (61,000 shares) aligns interests but doesn’t change insider ownership meaningfully. Absence of market sales suggests no bearish signal. Overall, the filing is administrative and should not move the stock.

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

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^*

Andrews Paul

(Last) (First) (Middle)

3800 S. VIRGINIA STREET

(Street)

RENO NV 89502

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MONARCH CASINO & RESORT INC [ MCRI ]

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)
06/30/2025

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								5,000	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
Options / Right to Buy	$86.44	06/30/2025		A		6,100		12/31/2025	06/30/2035	Common Stock	6,100	$86.44	61,000	D
Options / Right to Buy	$68.13							12/31/2024	06/30/2034	Common Stock	6,100		61,000	D
Options / Right to Buy	$70.45							12/31/2023	06/30/2033	Common Stock	6,100		61,000	D
Options / Right to Buy	$58.67							12/31/2022	06/30/2032	Common Stock	6,100		61,000	D
Options / Right to Buy	$66.17							12/31/2021	06/30/2031	Common Stock	6,100		61,000	D
Options / Right to Buy	$44.6							03/31/2021	06/30/2030	Common Stock	6,100		61,000	D
Options / Right to Buy	$43.09							12/04/2019	06/04/2029	Common Stock	6,100		61,000	D
Options / Right to Buy	$44.55							12/12/2019	06/12/2028	Common Stock	6,100		61,000	D
Options / Right to Buy	$31.23							12/14/2017	06/14/2027	Common Stock	6,100		61,000	D
Options / Right to Buy	$21.85							12/08/2016	06/08/2026	Common Stock	6,100		61,000	D

Explanation of Responses:

	Paul Andrews	07/02/2025
	** 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 insider activity was reported for MCRI on 06/30/2025?

Director Paul Andrews received 6,100 stock options at an exercise price of $86.44; no shares were bought or sold.

When do the newly granted MCRI options vest and expire?

The options become exercisable on 12/31/2025 and expire on 06/30/2035.

How many Monarch Casino shares does Paul Andrews now own?

He holds 5,000 common shares directly and derivative rights over 61,000 shares via options.

Did the Form 4 include any open-market sales of MCRI stock?

No. The filing only reports a compensatory option grant; no purchases or sales of common stock occurred.