Braunlich Carl G 4

What Happened

• Carl G. Braunlich, a director of Full House Resorts (FLL), exercised stock options on April 20, 2026, resulting in the issuance of 10,588 common shares at an exercise price of $1.70 per share (total cash cost $18,000).
• To satisfy exercise price and/or tax obligations, the issuer withheld 6,594 of those shares (reported as a disposition) with an indicated value of $2.73 per share (≈ $18,002). The option instrument was converted (derivative disposed at $0).
• Net shares received by Braunlich from this transaction: 10,588 issued − 6,594 withheld = 3,994 shares retained. This is an option exercise (acquisition), with the withholding being a routine tax/price-satisfaction step.

Key Details

• Transaction date: 2026-04-20; SEC filing date: 2026-04-22 (reporting period 2026-04-20).
• Exercise: 10,588 shares @ $1.70 = $18,000 (code M — option exercise).
• Withholding to cover exercise/taxes: 6,594 shares @ $2.73 = $18,002 (code F — tax withholding/share surrender).
• Derivative entry shows the option converted/terminated (10,588 shares disposed at $0 as the derivative instrument).
• Shares owned after transaction: not stated in the provided filing excerpt.
• Footnote: F1 — shares were withheld by the issuer to satisfy the exercise price/tax liability.
• No late-filing flag was indicated in the provided data.

Context

• This was an option exercise with cashless elements: instead of paying cash, a portion of the issued shares was withheld to cover the exercise price/taxes — a common, routine practice that reduces net shares delivered to the insider.
• Exercises are acquisitions (insider increased economic exposure), but withholding means the insider did not retain the full issued amount. This is factual reporting of a compensation-related transaction, not an open-market purchase or sale.