Daniel R. Lee - Jan 2, 2025 Form 4 Insider Report for FULL HOUSE RESORTS INC (FLL)

Role
PRESIDENT & CEO, Director
Signature
/s/ Lewis. A Fanger, Attorney-in-Fact
Stock symbol
FLL
Transactions as of
Jan 2, 2025
Transactions value $
$0
Form type
4
Date filed
1/3/2025, 07:26 PM
Previous filing
Oct 21, 2024
Next filing
Apr 2, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FLL Common Stock 1.59M Jan 2, 2025 Direct F1
holding FLL Common Stock 146K Jan 2, 2025 By trust
holding FLL Common Stock 133K Jan 2, 2025 By subtrust
holding FLL Common Stock 15.9K Jan 2, 2025 As custodian for daughter

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FLL Employee Stock Option (right to buy) Award $0 +69K $0.00 69K Jan 2, 2025 Common Stock 69K $4.62 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Not included in this report is the grant of 64,935 shares of restricted stock approved on January 2, 2025 by the compensation committee of the board of directors (the "Compensation Committee") of Full House Resorts, Inc. (the "Company") pursuant to Mr. Lee's employment agreement and under the Company's 2015 Equity Incentive Plan (the "2015 Plan") and pursuant to the Annual Incentive Plan for Executives. The restricted stock will vest in three equal annual amounts, subject to the achievement of certain performance-based criteria in 2025, 2026 and 2027, including annual growth rates of EBITDA and free cash flow per share. Each such annual amount will be reported following the date of vesting.
F2 On January 2, 2025, the Compensation Committee approved an option grant to Mr. Lee pursuant to Mr. Lee's employment agreement to purchase a total of 97,267 shares at $4.62 per share. Of such option grant, 69,027 shares are reported above. The option grant to purchase the remaining 28,240 shares at $4.62 per share is subject to stockholder approval of an increase to the number of available shares for issuance under the 2015 Plan or the adoption of a successor plan thereto.
F3 The option vests in three equal annual installments beginning on January 2, 2026.