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

Rhea-AI Filing Summary

On 06/30/2025, Monarch Casino & Resort Inc. (MCRI) director Yvette Landau filed a Form 4 reporting an equity award rather than any open-market trade. The filing shows:

• Grant of 6,100 stock options ("Options / Right to Buy") with an exercise price of $86.44 and expiration on 06/30/2035.
• No common-stock purchases or sales were reported; Table I simply restates 24,400 shares held directly.
• Following the grant, Landau beneficially owns the same 24,400 shares plus 61,000 previously issued options with strike prices ranging from $21.85 to $86.44.

The disclosure represents a routine insider option grant and does not indicate any change in control or disposition of Monarch Casino shares.

Insights

Securities Analyst

TL;DR: Director received 6,100 options at $86.44; no shares sold—neutral for valuation.

The Form 4 is limited to a single option grant dated 06/30/2025. Because the transaction was an A (acquisition) of derivative securities at market-linked strike price, it does not inject immediate buying or selling pressure into MCRI’s float. Landau’s direct equity stake stays at 24,400 shares, and her cumulative option exposure rises to 61,000 contracts, maintaining long-term alignment with shareholders. Absent any sale or material volume shift, the filing is informational rather than market-moving.

Corporate Governance Expert

TL;DR: Routine governance filing—option award strengthens incentive alignment, impact minimal.

Boards commonly compensate non-employee directors through option grants to foster ownership mentality. This grant follows prior issuances with staggered expirations, creating a layered incentive structure through 2035. No red flags such as accelerated vesting, discounted strike, or simultaneous share disposals appear. Therefore, the filing has neutral governance implications and should not materially sway investor sentiment.

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

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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^*

LANDAU YVETTE

(Last) (First) (Middle)

(Street)

(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								24,400	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	09/30/2030	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							12/12/2018	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:

	Yvette Landau	07/03/2025
	** 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 did MCRI director Yvette Landau report in the latest Form 4?

She reported the acquisition of 6,100 stock options with an $86.44 strike price; no shares were bought or sold.

How many Monarch Casino shares does the insider now own directly?

The Form 4 lists 24,400 shares of common stock held directly.

What is the exercise price and expiration for the newly granted options?

Exercise price is $86.44; the options expire on 06/30/2035.

Did the filing disclose any sale of MCRI common stock?

No. The filing shows no dispositions of common stock.

How many options does Yvette Landau hold after this transaction?

She beneficially owns 61,000 options across multiple prior grants plus the new 6,100-unit award.