PENN director sells 7,987 shares at $14.51, holds 25K

PENN Entertainment, Inc. director Vimla Black-Gupta reported a sale of company stock in a Form 4 filing.

Rhea-AI Filing Summary

PENN Entertainment, Inc. director Vimla Black-Gupta reported a sale of company stock in a Form 4 filing. On 11/14/2025, she sold 7,987 shares of PENN common stock at a price of $14.51 per share. After this transaction, she directly beneficially owns 25,000 PENN shares, indicating she retains a meaningful equity stake in the company.

Insider Trade Summary

Net Seller: 7,987 shares

Net Sell 1 txn

Insider Black Gupta Vimla

Role Director

Sold 7,987 shs ($116K)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,987	$14.51	$116K

Holdings After Transaction: Common Stock — 25,000 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PENN (PENN) report in this Form 4?

The Form 4 reports that director Vimla Black-Gupta sold 7,987 shares of PENN Entertainment, Inc. common stock at $14.51 per share on 11/14/2025.

How many PENN (PENN) shares does the director own after the reported sale?

Following the reported transaction, Vimla Black-Gupta beneficially owns 25,000 shares of PENN common stock in direct ownership.

What is the role of the reporting person at PENN (PENN)?

The reporting person, Vimla Black-Gupta, is identified as a Director of PENN Entertainment, Inc. in the filing.

Was this PENN (PENN) Form 4 filed for one or multiple reporting persons?

The filing indicates that it is a Form filed by one reporting person, not a joint or group filing.

What type of security was involved in the PENN (PENN) insider transaction?

The transaction involved common stock of PENN Entertainment, Inc., as shown in Table I of the Form 4.

At what price were the PENN (PENN) shares sold in the reported transaction?

The 7,987 shares of PENN common stock were sold at a price of $14.51 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/18/2025 - 04:48 PM Learn about SEC filing dates

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^*

Black Gupta Vimla

(Last) (First) (Middle)

825 BERKSHIRE BLVD., SUITE 200

(Street)

WYOMISSING PA 19610

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PENN Entertainment, Inc. [ PENN ]

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)
11/14/2025

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	11/14/2025		S		7,987	D	$14.51	25,000	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

Explanation of Responses:

	/s/ Joshua Sidsworth, Attorney-in-Fact for Vimla Black-Gupta	11/18/2025
	** 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.