FARAHI JOHN 4

What Happened

• John Farahi, a reported 10% owner of Monarch Casino & Resort, exercised stock options on 2026-04-28. He exercised three tranches totaling 200,000 shares (66,666 / 66,668 / 66,666) at exercise prices of $23.08, $45.32 and $39.82 for aggregate exercise consideration of $7,214,685.
• To satisfy tax withholding on the exercises, 114,748 shares were surrendered/withheld (transaction code F) at $118.16 per share, valued at $13,558,624. After withholding, the net number of common shares issued to Farahi from this event was 85,252 (200,000 acquired − 114,748 withheld). The filing also shows the underlying derivative interests were cancelled in connection with the exercises (reported as $0.00 disposals).

Key Details

• Transaction date: 2026-04-28; Form 4 filed 2026-04-30 (timely).
• Exercises (M): 66,666 @ $23.08 = $1,538,651; 66,668 @ $45.32 = $3,021,394; 66,666 @ $39.82 = $2,654,640 (total exercised = 200,000 shares; total exercise cost shown = $7,214,685).
• Tax withholding (F): 114,748 shares withheld/disposed @ $118.16 = $13,558,624.
• Net shares issued to insider from this event: 85,252 shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notes: M = option exercise; F = shares withheld to satisfy tax liability. The filing does not indicate a 10b5-1 plan or sale other than tax withholding.

Context

• This was an option exercise event with shares withheld to cover taxes—a common settlement method often called a cashless or net-withholding exercise; it does not necessarily indicate a market sale for investment purposes.
• As a 10% owner (principal), Farahi is a significant shareholder; such filings reflect principal transactions and derivative settlements rather than routine open-market buying or selling by an executive.