FARAHI BOB 4

What Happened

• Bob Farahi, President and Director of Monarch Casino & Resort, exercised and converted derivative awards on April 23, 2026. The filing shows he acquired 66,667 shares by paying $116.65 each (total cost $7,776,706). To cover the exercise price and tax liability, 51,175 shares were surrendered at $116.65 (value $5,969,564). Two additional derivative-conversion line items of 33,334 and 33,333 shares were reported as disposed with a $0.00 per-share value in the filing.
• Net based on the reported entries: a reduction of 51,175 shares (66,667 acquired minus 117,842 disposed). The transaction entries indicate an option exercise with share withholding to satisfy taxes/exercise obligations.

Key Details

• Transaction date: 2026-04-23; Form 4 filed 2026-04-24 (timely filing).
• Line items reported:
  • M (exercise/conversion): Acquired 66,667 shares @ $116.65 = $7,776,706
  • F (payment of exercise price/tax liability): Disposed 51,175 shares @ $116.65 = $5,969,564
  • M (exercise/conversion): Disposed 33,334 shares @ $0.00 = $0
  • M (exercise/conversion): Disposed 33,333 shares @ $0.00 = $0
• Net reported change in holdings (from provided entries): -51,175 shares.
• Shares owned after the transaction: not provided in the supplied details.
• Notes: Transaction codes — M = exercise or conversion of derivative; F = payment of exercise price or tax withholding (share surrender). The filing shows share withholding to cover taxes/exercise.

Context

• This appears to be an option/derivative exercise where some shares were retained (paid for) and a substantial number were surrendered to cover taxes/exercise costs (a common, cashless-style outcome). Such exercises are often routine for executives and do not by themselves indicate a clear buy/sell signal; outright purchases are generally more informative about insider sentiment.