SARTINI BLAKE L 4

4 · GOLDEN ENTERTAINMENT, INC. · Filed Feb 27, 2026

AI-generated summary of this filing

Updated Feb 28, 2026

Golden Entertainment (GDEN) 10% Owner Blake Sartini Exercises Derivatives

What Happened

On Feb 27, 2026, Blake L. Sartini (reported as a 10% owner) had multiple derivative exercises/conversions and restricted stock unit (RSU/PSU) awards settle. The filing shows awards/grants and conversions totaling 221,141 shares (68,367 + 62,057 awarded; 15,229 + 31,655 + 19,696 + 24,137 converted/exercised). To cover tax withholding obligations, 35,720 shares were disposed (withheld) at $28.90 per share, yielding $1,032,308. Many of the reported movements are recorded as derivative/award transactions (price $0.00) reflecting vesting/conversion rather than open-market purchases.

Key Details

Transaction date: Feb 27, 2026 (filing date same day).
Withheld/disposed shares: 35,720 shares at $28.90 → $1,032,308 (tax withholding/payment).
Awards/grants reported: 68,367 and 62,057 RSUs/PSUs (derivative awards recorded at $0.00).
Conversions/exercises reported: 15,229; 31,655; 19,696; 24,137 shares (various M-code derivative exercises/conversions).
Shares owned after transaction: not specified in the provided excerpt of the filing.
Notable footnotes: RSUs/PSUs convert one-for-one to common stock (F1, F4); shares were withheld to satisfy minimum statutory tax withholding (F2); some shares are owned by The Blake L. Sartini and Delise F. Sartini Family Trust (F3). Time-based RSUs vest according to schedules (F5, F8); PSUs from March 14, 2025 are earned and vest March 14, 2028 (F6); dividend-equivalent shares were also issued and follow original vesting terms (F7).

Context

This activity reflects vesting/conversion of equity awards and tax-withholding (a common practice when RSUs/PSUs vest), not an open-market sell driven by portfolio rebalancing. The 35,720-share disposition was to satisfy tax obligations (transaction code F), effectively a cashless withholding. As a reported 10% owner, Sartini is a principal shareholder; these filings document compensation-related equity events rather than an outright buy or voluntary sale in the open market.

Form 4

Period: 2026-02-27

DirectorChairman and CEO10% Owner

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-27+15,229→ 231,645 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+31,655→ 263,300 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+19,696→ 282,996 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+24,137→ 307,133 total
Tax Payment
Common Stock
[F2]
2026-02-27$28.90/sh−35,720$1,032,308→ 271,413 total
Award
Restricted Stock Units
[F4][F5]
2026-02-27+68,367→ 68,367 total
→ Common Stock (68,367 underlying)
Award
Restricted Stock Units
[F4][F6][F7]
2026-02-27+62,057→ 62,057 total
→ Common Stock (62,057 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F8]
2026-02-27−15,229→ 0 total
→ Common Stock (15,229 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F8]
2026-02-27−31,655→ 0 total
→ Common Stock (31,655 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F8]
2026-02-27−19,696→ 19,696 total
→ Common Stock (19,696 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F8][F7]
2026-02-27−24,137→ 48,275 total
→ Common Stock (24,137 underlying)

Holdings

Footnotes (8)

[F1]Restricted stock units convert into common stock on a one-for-one basis.
[F2]In accordance with the recipient's restricted stock unit award agreements, these shares were withheld by Golden Entertainment, Inc. to satisfy minimum statutory income tax withholding obligations upon vesting of restricted stock units.
[F3]Shares are owned directly by The Blake L. Sartini and Delise F. Sartini Family Trust, of which Blake Sartini and Delise Sartini are co-trustees.
[F4]Each restricted stock unit represents a contingent right to receive one share of common stock.
[F5]Represents time-based RSUs. RSUs that have not been forfeited shall vest as to one-third on March 14, 2027, one-third on March 14, 2028 and one-third on March 14, 2029.
[F6]Represents shares "earned " under PSUs granted on March 14, 2025. PSUs that have not been forfeited shall vest on March 14, 2028.
[F7]Includes additional shares acquired since the date of the reporting person's last report through the issuance of a dividend equivalent on the time-based RSUs and PSUs granted on March 14, 2025. Additional shares acquired through the dividend equivalent will follow the vesting schedule and conditions of the original grants.
[F8]Represents time-based restricted stock units that vested.

Signature

/s/Charles H. Protell, attorney-in-fact|2026-02-27

1 file