LEE DANIEL R 4

What Happened Daniel R. Lee, CEO of Full House Resorts (FLL), exercised 100,000 stock options on April 24, 2026. The exercise had an aggregate intrinsic/cost amount of $170,000 (100,000 options × $1.70 strike). To satisfy the exercise price and tax obligations, the issuer withheld 68,687 shares valued at $2.48 each (totaling $170,000). After withholding, Lee received a net of 31,313 common shares. The filing reflects the option exercise (transaction code M) and the share-withholding for payment/taxes (transaction code F).

Key Details

• Transaction date: April 24, 2026; Form 4 filed April 28, 2026.
• Option exercise: 100,000 shares at $1.70 per share = $170,000 (code M).
• Withholding for exercise/taxes: 68,687 shares withheld at $2.48 = $170,000 (code F).
• Net shares received by CEO: 31,313 common shares.
• Footnotes: F1 = shares withheld to satisfy exercise price/taxes; F2 = the option fully vested May 10, 2019.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context This was an option exercise with a cashless-like settlement (shares withheld to cover the exercise cost/taxes), not an open-market purchase or sale intended to trade stock. Such withholding is a common administrative method to pay exercise costs and tax obligations and does not by itself indicate a change in CEO sentiment about the company.