Protell Charles 4

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

AI-generated summary of this filing

Updated Feb 28, 2026

GOLDEN ENTERTAINMENT (GDEN) President/CFO Protell Exercises Derivatives

What Happened

Charles Protell, President and Chief Financial Officer of Golden Entertainment (GDEN), exercised/converted a total of 53,178 derivative awards on Feb 27, 2026. Of those, 21,025 shares were withheld to satisfy tax withholding obligations at $28.90 per share, resulting in $607,623 withheld. After withholding, Protell received a net of 32,153 shares.
On the same date he was also granted/awarded 78,005 derivative awards (40,890 and 37,115 RSU/PSU awards reported as grants at $0.00). The filings show the conversions/vests and the tax-withholding related to those derivative instruments.

Key Details

Transaction date: 2026-02-27 (report filed 2026-02-27).
Converted/exercised (code M): 8,758 + 18,204 + 11,780 + 14,436 = 53,178 shares.
Tax withholding/payment (code F): 21,025 shares withheld at $28.90 = $607,623.
Grants/awards (code A): 40,890 RSUs and 37,115 RSUs/PSUs granted (total 78,005).
Net shares issued to Protell after withholding: 32,153 (53,178 converted - 21,025 withheld).
Shares owned after transaction: not reported in this Form 4.
Relevant footnotes:
- RSUs convert one-for-one into common stock; each RSU is a contingent right to one share.
- Shares were withheld to satisfy statutory income tax withholding upon vesting.
- Some grants are time-based RSUs with multi-year vesting schedules; PSUs shown were earned under prior grants and vest per their terms.
- Additional dividend-equivalent shares were included in the award totals and follow original vesting schedules.
Filing timeliness: Filed same day as transactions (no late filing indicated).

Context

These are compensation-related derivative conversions and awards (RSUs/PSUs) with shares withheld to cover taxes — a routine, non-open-market transaction. The withholding behaves like a "cashless" settlement for taxes (shares surrendered instead of cash).
Such transactions are common for executives when awards vest or are settled and do not necessarily indicate a buy/sell market signal.

Form 4

Period: 2026-02-27

President and CFO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-27+8,758→ 559,537 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+18,204→ 577,741 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+11,780→ 589,521 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+14,436→ 603,957 total
Tax Payment
Common Stock
[F2]
2026-02-27$28.90/sh−21,025$607,623→ 582,932 total
Award
Restricted Stock Units
[F3][F4]
2026-02-27+40,890→ 40,890 total
→ Common Stock (40,890 underlying)
Award
Restricted Stock Units
[F3][F5][F6]
2026-02-27+37,115→ 37,115 total
→ Common Stock (37,115 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F7]
2026-02-27−8,758→ 0 total
→ Common Stock (8,758 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F7]
2026-02-27−18,204→ 0 total
→ Common Stock (18,204 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F7]
2026-02-27−11,780→ 11,780 total
→ Common Stock (11,780 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F7][F6]
2026-02-27−14,436→ 28,874 total
→ Common Stock (14,436 underlying)

Footnotes (7)

[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]Each restricted stock unit represents a contingent right to receive one share of common stock.
[F4]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.
[F5]Represents shares "earned " under PSUs granted on March 14, 2025. PSUs that have not been forfeited shall vest on March 14, 2028.
[F6]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.
[F7]Represents time-based restricted stock units that vested.

Signature

/s/ Protell, Charles|2026-02-27

1 file