[Form 4] High Roller Technologies, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Adam Jonathan Felman, Chief Financial Officer of High Roller Technologies, Inc. (ROLR), reported an open-market purchase of 5,050 shares on 08/18/2025 at a weighted average price of $2.39 per share. After the transactions he beneficially owns 55,050 shares. The filing states the purchases were made under the issuers trading policies and that individual trades ranged from $2.345 to $2.44 per share; the reporting person will provide a breakdown of the number of shares bought at each price on request. The Form 4 bears the reporting signature dated 08/20/2025.

Positive

• Insider purchase reported: CFO acquired 5,050 shares, increasing his beneficial ownership to 55,050 shares.
• Transparent disclosure: Purchase made under issuer trading policies with price range disclosed and offer to provide per-trade breakdown.

Negative

• Limited materiality: The filing does not provide company share count or market-cap, so the purchases relative significance is unclear.
• Small absolute size: 5,050 shares may be a modest stake change and may not materially affect valuation or control.

Insights

Financial Analyst

TL;DR: Insider open-market buys can signal confidence but the purchase size here appears limited relative to total holdings.

The reported purchase of 5,050 shares at a weighted average of $2.39 is an affirmative open-market acquisition under the company's trading policies. This increases the CFOs stake to 55,050 shares, which is a modest incremental ownership change. Without company market-cap or outstanding shares data in the filing, the market-impact and materiality cannot be determined from this Form 4 alone. The disclosed price range ($2.345 to $2.44) and the willingness to provide per-trade breakdown enhance transparency.

Corporate Governance Expert

TL;DR: A Form 4 open-market purchase by an officer reflects compliance and routine insider activity rather than a governance concern.

The filing indicates the acquisition followed issuer trading policies and was properly reported on a Form 4, with a manual signature. The reporting person affirms readiness to supply detailed trade information, which supports regulatory transparency. There is no indication of amendments, planned trading arrangements, or irregular disclosures in this filing. The action appears routine and compliant based on the document alone.

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^*

Felman Adam Jonathan

(Last) (First) (Middle)

400 SOUTH 4TH STREET, SUITE 500-#390

(Street)

LAS VEGAS NV 89101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
High Roller Technologies, Inc. [ ROLR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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	08/18/2025		P(1)		5,050	A	$2.39(2)	55,050	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:

1. Open market purchase of shares in accordance with Issuer's trading policies.

2. The reported price in Column 4 is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $2.345 to $2.44 per share. The Reporting Person undertakes to provide to the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

	/s/ Adam Felman	08/20/2025
	** 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 High Roller Technologies (ROLR) CFO purchase on the Form 4?

Adam Jonathan Felman purchased 5,050 shares of common stock in open-market transactions reported on 08/18/2025.

At what price were the shares bought according to the Form 4?

Weighted average price $2.39 per share, with individual trades reported in a range of $2.345 to $2.44 per share.

How many shares does the reporting person own after this transaction?

55,050 shares beneficially owned following the reported purchase.

Was the transaction disclosed as following company trading policies?

Yes. The filing states the purchases were open-market and made in accordance with the issuers trading policies.

When was the Form 4 signed and filed?

Signature dated 08/20/2025 is included on the filing; the transaction date is 08/18/2025.