Director at Monarch Casino (MCRI) sells stock options holdings

Rhea-AI Filing Summary

Monarch Casino & Resort Inc director Paul Andrews reported selling derivative securities described as options/right to buy on February 9, 2026. The filing shows two open-market sales of 3,000 and 3,100 options at a price of $97.4 per underlying share.

After these transactions, Andrews directly holds 51,800 options/right to buy and 5,000 shares of Monarch common stock. The remaining option grants carry exercise prices ranging from $21.85 to $86.44 and expiration dates between 2026 and 2035, highlighting a long-dated equity incentive position.

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^*

Andrews Paul

(Last) (First) (Middle)

MONARCH CASINO & RESORT INC

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)
02/09/2026

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								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	$21.85	02/09/2026		S			3,000	12/08/2016	06/08/2026	Common Stock	3,000	$97.4	54,900	D
Options / Right to Buy	$31.23	02/09/2026		S			3,100	12/14/2017	06/14/2027	Common Stock	3,100	$97.4	51,800	D
Options / Right to Buy	$86.44							12/31/2025	06/30/2035	Common Stock	6,100		51,800	D
Options / Right to Buy	$68.13							12/31/2024	06/30/2034	Common Stock	6,100		51,800	D
Options / Right to Buy	$70.45							12/31/2023	06/30/2033	Common Stock	6,100		51,800	D
Options / Right to Buy	$58.67							12/31/2022	06/30/2032	Common Stock	6,100		51,800	D
Options / Right to Buy	$66.17							12/31/2021	06/30/2031	Common Stock	6,100		51,800	D
Options / Right to Buy	$44.6							03/31/2021	09/30/2030	Common Stock	6,100		51,800	D
Options / Right to Buy	$43.09							12/04/2019	06/04/2029	Common Stock	6,100		51,800	D
Options / Right to Buy	$44.55							12/12/2019	06/12/2028	Common Stock	6,100		51,800	D
Options / Right to Buy	$31.23							12/14/2017	06/14/2027	Common Stock	3,000		51,800	D

Explanation of Responses:

	Paul Andrews	02/12/2026
	** 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 transaction did Monarch Casino (MCRI) report for Paul Andrews?

Monarch Casino & Resort reported that director Paul Andrews sold derivative securities classified as options/right to buy on February 9, 2026. The filing records two open-market sales totaling 3,000 and 3,100 options, each linked to an underlying share price of $97.4.

At what price were Paul Andrews’ Monarch Casino options sold?

The reported Monarch Casino option sales by director Paul Andrews were executed at $97.4 per underlying share. This price applies to both transactions, one involving 3,000 options and the other involving 3,100 options, all on February 9, 2026.

How many Monarch Casino options does Paul Andrews hold after the reported transactions?

After the reported activity, director Paul Andrews directly holds 51,800 options/right to buy Monarch Casino common stock. These remaining grants span multiple exercise prices and expiration dates, providing long-term exposure to the company’s equity incentive structure as detailed in the option table.

Does Paul Andrews own Monarch Casino common stock in addition to options?

Yes. In addition to options/right to buy, director Paul Andrews directly owns 5,000 shares of Monarch Casino & Resort common stock. This common stock holding is listed in the non-derivative securities table alongside the larger portfolio of option grants.

What are the exercise prices and maturities of Paul Andrews’ Monarch Casino options?

Paul Andrews’ Monarch Casino options have exercise prices ranging from $21.85 to $86.44. The options carry expiration dates between 2026 and 2035, reflecting a series of long-dated equity awards with staggered maturities across multiple grant years.

What is Paul Andrews’ role at Monarch Casino & Resort Inc?

The filing identifies Paul Andrews as a director of Monarch Casino & Resort Inc. He is not listed as a company officer and is not marked as a 10% beneficial owner in this report, which focuses on his equity-based holdings and transactions.