Sartini Blake L II 4
4 · GOLDEN ENTERTAINMENT, INC. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Golden Entertainment (GDEN) EVP Blake Sartini Exercises RSUs; Shares Withheld
What Happened
- Blake L. Sartini II, EVP of Operations at Golden Entertainment (GDEN), converted vested restricted stock units/PSUs and received derivative awards on Feb 27, 2026. The filing shows conversions (exercise/conversion of derivatives) totaling 27,419 shares and new grants/awards totaling 45,542 RSU/PSU units.
- To satisfy minimum statutory income tax withholding on the vesting, 11,123 shares were withheld/disposed at $28.90 per share, generating proceeds of $321,455. The other conversions/grants are reported as derivative acquisitions or zero-dollar disposals consistent with RSU/PSU vesting mechanics.
Key Details
- Transaction date: February 27, 2026.
- Reported tax-withholding disposal: 11,123 shares at $28.90 = $321,455 (code F — tax withholding).
- Conversions/exercises reported (code M): 4,240; 8,811; 5,940; 8,428 (total 27,419 shares).
- Grants/awards reported (code A): 23,874 and 21,668 RSUs (total 45,542 RSU/PSU units).
- Shares owned after transaction: not specified in the provided data.
- Notable footnotes: RSUs/PSUs convert one-for-one into common stock (F1, F4); shares were withheld to satisfy statutory tax withholding upon vesting (F2); some awards are time-based or performance-based with future vesting schedules (F5–F7); certain RSUs shown as vested (F8).
- Filing timeliness: filed February 27, 2026 (no late filing indicated in provided information).
Context
- This appears to be a standard vesting/settlement event (conversion of RSUs/PSUs) with a sell-to-cover/tax-withholding rather than an open-market sale or purchase. Such withholding is common and generally routine to satisfy tax obligations on vested equity awards.
- For retail investors: these transactions reflect compensation vesting and tax withholding, not a discretionary sale indicating a view on the company’s stock.
Insider Transaction Report
Form 4
Sartini Blake L II
EVP of Operations
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-27+4,240→ 158,410 total - Exercise/Conversion
Common Stock
[F1]2026-02-27+8,811→ 167,221 total - Exercise/Conversion
Common Stock
[F1]2026-02-27+5,940→ 173,161 total - Exercise/Conversion
Common Stock
[F1]2026-02-27+8,428→ 181,589 total - Tax Payment
Common Stock
[F2]2026-02-27$28.90/sh−11,123$321,455→ 170,466 total - Award
Restricted Stock Units
[F4][F5]2026-02-27+23,874→ 23,874 total→ Common Stock (23,874 underlying) - Award
Restricted Stock Units
[F4][F6][F7]2026-02-27+21,668→ 21,668 total→ Common Stock (21,668 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F8]2026-02-27−4,240→ 0 total→ Common Stock (4,240 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F8]2026-02-27−8,811→ 0 total→ Common Stock (8,811 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F8]2026-02-27−5,940→ 5,940 total→ Common Stock (5,940 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F8][F7]2026-02-27−8,428→ 16,857 total→ Common Stock (8,428 underlying)
Holdings
- 250,000(indirect: See footnote)
Common Stock
[F3]
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]Represents shares held by D'Oro Holdings, LLC in which Mr. Sartini II has a pecuniary interest. On May 12, 2021, Mr. Sartini II resigned as the sole manager of D'Oro Holdings, LLC, and on May 12, 2021, Mr. Sartini II resigned as trustee of certain family trusts that were members of D'Oro Holdings, LLC. Accordingly, Mr. Sartini II no longer has investment control over shares held by D'Oro Holdings, LLC.
- [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