Monarch Casino (NASDAQ: MCRI) CEO reports stock sales, option grant

Rhea-AI Filing Summary

Monarch Casino & Resort Inc. CEO John Farahi, a director and more than 10% owner, reported several equity transactions in the company’s stock. On August 26, 2025, 5,000 shares of common stock were sold at $103.77 per share, leaving 554,110 shares held directly. On December 17, 2025, a further 1,000 shares were sold at $100.63, leaving 553,110 shares held directly.

On September 29, 2025, 13,806 shares were transferred with a transaction code “G,” adjusting direct holdings to 539,304 shares and adding 13,806 shares held indirectly in trusts, bringing those indirect holdings to 2,521,415 shares. In the derivative table, Farahi reported an option grant on December 31, 2025 for 66,666 options with an exercise price of $95.70, expiring December 31, 2035, resulting in 666,666 derivative securities held. A footnote states that one reported sale reflects shares sold from Mr. Farahi’s Foundation account.

Insights

Equity ownership & governance analyst

CEO reports modest stock sales, a share transfer, and a sizable option grant.

The filing shows that John Farahi, CEO, director, and more than 10% owner of Monarch Casino & Resort Inc., reported open-market sales of 5,000 and 1,000 common shares at $103.77 and $100.63 on August 26, 2025 and December 17, 2025. One sale is described in a footnote as coming from his Foundation account, which indicates entity-level activity associated with him rather than only personal trading.

The G-coded transactions on September 29, 2025 show 13,806 shares moving between direct ownership and indirect holdings in trusts, with indirect common stock rising to 2,521,415 shares. Separately, an option grant of 66,666 options at an exercise price of $95.70 expiring on December 31, 2035 increases his derivative exposure, bringing total reported options to 666,666. These actions adjust how his stake is structured across direct, indirect, and derivative holdings, but the data provided does not quantify any change relative to overall shares outstanding.

Insider Trade Summary

Net Seller: 6,000 shares ($619,480)

Net Sell 14 txns

Insider FARAHI JOHN

Role CEO

Sold 6,000 shs ($619K)

Type	Security	Shares	Price	Value
Grant/Award	Options / Right to Buy	66,666	$95.70	$6.38M
Sale	Common Stock	1,000	$100.63	$101K
Gift	Common Stock	13,806	$104.60	$1.44M
Gift	Common Stock	13,806	$104.60	$1.44M
Sale	Common Stock	5,000	$103.77	$519K
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	--	--	--

Holdings After Transaction: Options / Right to Buy — 666,666 shares (Direct); Common Stock — 553,110 shares (Direct); Common Stock — 2,521,415 shares (Indirect, In trusts)

Footnotes (1)

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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 NV 89509

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

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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	08/26/2025		S(1)		5,000	D	$103.77	554,110	D
Common Stock	12/17/2025		S(1)		1,000	D	$100.63	553,110	D
Common Stock	09/29/2025		G		13,806	D	$104.6	539,304	D
Common Stock	09/29/2025		G		13,806	A	$104.6	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	12/31/2025		A		66,666		12/31/2028	12/31/2035	Common Stock	66,666	$95.7	666,666	D

Explanation of Responses:

1. The transaction represents sale of shares from Mr. Farahi's Foundation account.

	John Farahi	01/09/2026
	** 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 insider transactions did Monarch Casino (MCRI) CEO John Farahi report?

The CEO reported sales of 5,000 common shares at $103.77 on August 26, 2025, and 1,000 shares at $100.63 on December 17, 2025, plus a share transfer coded “G” and an option grant.

How many Monarch Casino (MCRI) shares does John Farahi hold directly after these trades?

After the reported transactions, John Farahi’s directly held common stock decreased to 553,110 shares as of the December 17, 2025 sale.

What were the details of the Monarch Casino (MCRI) option grant to John Farahi?

On December 31, 2025, he reported receiving 66,666 options with an exercise price of $95.70 per share, expiring on December 31, 2035, bringing total reported options to 666,666.

What does the Form 4 say about John Farahi’s indirect Monarch Casino (MCRI) holdings?

The filing shows a transaction coded “G” on September 29, 2025, that increased indirect holdings in trusts to 2,521,415 common shares, while reducing direct holdings.

How does the footnote describe one of the Monarch Casino (MCRI) stock sales?

The footnote explains that one of the reported sales represents a sale of shares from Mr. Farahi’s Foundation account, indicating activity through that entity.

What roles does John Farahi hold at Monarch Casino (MCRI) according to the Form 4?

The Form 4 identifies John Farahi as a director, CEO, and a more than 10% owner of Monarch Casino & Resort Inc.