Monarch Casino (MCRI) CEO trims stake with 3,000-share open-market sale

Rhea-AI Filing Summary

MONARCH CASINO & RESORT INC CEO and director John Farahi reported open-market sales of company common stock. On March 16, 2026, he sold 2,000 shares at $99.00 per share, and on March 10, 2026, he sold 1,000 shares at $97.43 per share.

After these transactions, Farahi directly owns 536,304 common shares. He also has indirect ownership of 2,521,415 common shares held in trusts, and holds multiple option grants over blocks of 66,666–66,668 shares each, with exercise prices between $23.08 and $95.70 expiring from 2026 through 2035. The reported sales represent a small portion of his overall holdings.

Insider Trade Summary

Net Seller: 3,000 shares ($295,430)

Net Sell 13 txns

Insider FARAHI JOHN

Role CEO

Sold 3,000 shs ($295K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,000	$99.00	$198K
Sale	Common Stock	1,000	$97.43	$97K
holding	Options / Right to Buy	--	--	--
holding	Options / Right to Buy	--	--	--
holding	Options / Right to Buy	--	--	--
holding	Options / Right to Buy	--	--	--
holding	Options / Right to Buy	--	--	--
holding	Options / Right to Buy	--	--	--
holding	Options / Right to Buy	--	--	--
holding	Options / Right to Buy	--	--	--
holding	Options / Right to Buy	--	--	--
holding	Options / Right to Buy	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 536,304 shares (Direct); Options / Right to Buy — 66,666 shares (Direct); Common Stock — 2,521,415 shares (Indirect, In trusts)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

FARAHI JOHN

(Last) (First) (Middle)

MONARCH CASINO & RESORT INC

3800 S. VIRGINIA STREET

(Street)

RENO NEVADA 89509

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/10/2026		S		1,000	D	$97.43	538,304	D
Common Stock	03/16/2026		S		2,000	D	$99	536,304	D
Common Stock								2,521,415	I	In trusts

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	$78.9							12/31/2027	12/31/2034	Common Stock	66,666		666,666	D
Options / Right to Buy	$69.15							12/31/2026	12/31/2033	Common Stock	66,668		666,666	D
Options / Right to Buy	$76.89							12/31/2025	12/31/2032	Common Stock	66,666		666,666	D
Options / Right to Buy	$73.95							12/31/2024	12/31/2031	Common Stock	66,666		666,666	D
Options / Right to Buy	$61.22							12/31/2023	12/31/2030	Common Stock	66,668		666,666	D
Options / Right to Buy	$43.24							11/01/2022	11/01/2029	Common Stock	66,666		666,666	D
Options / Right to Buy	$39.82							11/01/2021	11/01/2028	Common Stock	66,666		666,666	D
Options / Right to Buy	$45.32							11/01/2020	11/01/2027	Common Stock	66,668		666,666	D
Options / Right to Buy	$23.08							11/01/2019	11/01/2026	Common Stock	66,666		666,666	D
Options / Right to Buy	$95.7							12/31/2028	12/31/2035	Common Stock	66,666		666,666	D

Explanation of Responses:

	John Farahi	03/25/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Monarch Casino (MCRI) report for CEO John Farahi?

CEO John Farahi reported selling 3,000 shares of Monarch Casino common stock in open-market trades. He sold 1,000 shares at $97.43 on March 10, 2026, and 2,000 shares at $99.00 on March 16, 2026, according to the Form 4.

How many Monarch Casino (MCRI) shares does CEO John Farahi own after the Form 4 sales?

After the reported sales, John Farahi directly owns 536,304 Monarch Casino common shares. He also has indirect ownership of 2,521,415 additional common shares held in trusts, giving him a substantial combined equity position even after these transactions.

Were John Farahi’s Monarch Casino (MCRI) share sales open-market transactions?

Yes. Both transactions are coded as open-market sales of common stock. The Form 4 shows sales of 1,000 shares at $97.43 and 2,000 shares at $99.00, classified as sales in the open market or private transactions under SEC transaction code S.

What stock options on Monarch Casino (MCRI) does CEO John Farahi hold?

John Farahi holds several option grants labeled “Options / Right to Buy” Monarch Casino common stock. Each covers 66,666–66,668 underlying shares, with exercise prices from $23.08 to $95.70 and expiration dates ranging from 2026 to 2035, all reported as direct holdings.

How significant are the 3,000 Monarch Casino (MCRI) shares sold by CEO John Farahi?

The 3,000 shares sold are small compared with his remaining stake. He still owns 536,304 shares directly and 2,521,415 shares indirectly in trusts, plus sizeable option positions, so the sales affect only a minor portion of his overall exposure.

Does the Form 4 show any Monarch Casino (MCRI) option exercises by John Farahi?

No option exercises are reported in this Form 4. The filing lists multiple existing option positions as holdings, with specified exercise prices and expiration dates, but the transaction summary shows no derivative exercises during the reported period.