Standard General L.P. 4

What Happened

• Kim Soohyung, a director of Bally's Corp and reported as a 10% owner, was granted 32,877 restricted stock units (RSUs) on June 1, 2026 (transaction code A). The grant is recorded at $0.00 for reporting purposes because these are contingent derivative awards, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (filed within the usual 2-business-day SEC window).
• Award: 32,877 RSUs; report shows $0.00 per share (derivative award, not an immediate cash transaction).
• Vesting: One-third vests March 1, 2027; one-third vests March 1, 2028; final one-third vests March 1, 2029, each subject to continued service.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote on ownership: The RSUs are beneficially owned by Standard General in its capacity as investment manager to private investment vehicles. Mr. Kim is a director and CIO of Standard General and may be deemed to indirectly beneficially own these securities; he disclaims beneficial ownership except to the extent of any pecuniary interest.

Context

• These RSUs are derivative awards that represent a contingent right to receive one share per RSU upon vesting; they are not immediate stock purchases and do not indicate an immediate sale. Because Mr. Kim is associated with Standard General (a significant institutional holder) and also serves as a director, this filing reflects a grant tied to service and retention rather than an open-market insider trade.