Form 4 for FLL FULL HOUSE RESORTS INC
Accepted 2025-06-17 00:00:00 ET · period of report 2025-06-13 · accession 0001415889-25-017531 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-06-17 | 2025-06-13 | FLL | LEE DANIEL R | CEO, Dir | P - Purchase | $4.75 | +92.1K | 1.08M | +9% | +$437.5K |
| DI | 2025-06-17 | 2025-06-13 | FLL | LEE DANIEL R | CEO, Dir | P - Purchase | $4.75 | +184.2K | 317.1K | +139% | +$875.0K |
| D | 2025-06-17 | 2025-06-13 | FLL | LEE DANIEL R | CEO, Dir | P - Purchase | $0.00 | +184.2K | 184.2K | New | $0 |
| D | 2025-06-17 | 2025-06-14 | FLL | LEE DANIEL R | CEO, Dir | A - Grant | $0.00 | +24.7K | 24.7K | New | $0 |
| D | 2025-06-17 | 2025-06-13 | FLL | LEE DANIEL R | CEO, Dir | S - Sale | $0.00 | -184.2K | 184.2K | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-06-13 | P | A | 92,100 | $4.75 | 1,076,718 | D | — | — | (F1) In a private transaction dated June 13, 2025, Mr. Lee purchased 92,100 shares of common stock of Full House Resorts, Inc. (the "Company") directly and 184,200 shares of the Company's common stock indirectly through a subtrust for the benefit of Mr. Lee's children, both at a purchase price of $4.75 per share, and obtained a call option to purchase 184,200 additional shares of the Company's common stock at that same price. The call option expires on June 13, 2026. Seller also has the right to cause Mr. Lee to purchase the additional shares at that same price beginning on June 13, 2026 and for a period of ten business days thereafter. In addition, if the closing price of the Company's common stock as reported by NASDAQ is at a price per share of $4.75 or greater on any day prior to June 13, 2026, then Seller also has the right to cause Mr. Lee to purchase such additional shares for $4.75 per share on the next business day. (F2) Not included in this report is the grant of 16,502 shares of restricted stock approved on June 14, 2025 by the compensation committee of the board of directors (the "Compensation Committee") of the Company pursuant to Mr. Lee's new employment agreement and under the Company's 2025 Equity Incentive Plan and pursuant to the Annual Incentive Plan for Executives. The restricted stock will vest in three equal annual amounts, subject to the achievement of certain performance-based criteria in 2025, 2026 and 2027, including annual growth rates of EBITDA and free cash flow per share. Each such annual amount will be reported following the date of vesting. |
| 2 | Common | Common Stock | 2025-06-13 | P | A | 184,200 | $4.75 | 317,145 | I By subtrust | — | — | (F1) In a private transaction dated June 13, 2025, Mr. Lee purchased 92,100 shares of common stock of Full House Resorts, Inc. (the "Company") directly and 184,200 shares of the Company's common stock indirectly through a subtrust for the benefit of Mr. Lee's children, both at a purchase price of $4.75 per share, and obtained a call option to purchase 184,200 additional shares of the Company's common stock at that same price. The call option expires on June 13, 2026. Seller also has the right to cause Mr. Lee to purchase the additional shares at that same price beginning on June 13, 2026 and for a period of ten business days thereafter. In addition, if the closing price of the Company's common stock as reported by NASDAQ is at a price per share of $4.75 or greater on any day prior to June 13, 2026, then Seller also has the right to cause Mr. Lee to purchase such additional shares for $4.75 per share on the next business day. |
| 3 | Derivative | Call Option (right to buy) | 2025-06-13 | P | A | 184,200 | $0.00 | 184,200 | D | $4.75 · 2025-06-13 to 2026-06-13 | 184,200 Common Stock | (F1) In a private transaction dated June 13, 2025, Mr. Lee purchased 92,100 shares of common stock of Full House Resorts, Inc. (the "Company") directly and 184,200 shares of the Company's common stock indirectly through a subtrust for the benefit of Mr. Lee's children, both at a purchase price of $4.75 per share, and obtained a call option to purchase 184,200 additional shares of the Company's common stock at that same price. The call option expires on June 13, 2026. Seller also has the right to cause Mr. Lee to purchase the additional shares at that same price beginning on June 13, 2026 and for a period of ten business days thereafter. In addition, if the closing price of the Company's common stock as reported by NASDAQ is at a price per share of $4.75 or greater on any day prior to June 13, 2026, then Seller also has the right to cause Mr. Lee to purchase such additional shares for $4.75 per share on the next business day. |
| 4 | Derivative | Employee Stock Option (right to buy) | 2025-06-14 | A | A | 24,696 | $0.00 | 24,696 | D | $3.03 · — to 2035-06-14 | 24,696 Common Stock | (F3) This price was the closing price of the Company's common stock on June 13, 2025. (F4) The option vests in three equal annual installments beginning on June 14, 2026. |
| 5 | Derivative | Put Option (obligation to purchase) | 2025-06-13 | S | D | 184,200 | $0.00 | 184,200 | D | $4.75 · 2025-06-13 to 2026-06-26 | 184,200 Common Stock | (F1) In a private transaction dated June 13, 2025, Mr. Lee purchased 92,100 shares of common stock of Full House Resorts, Inc. (the "Company") directly and 184,200 shares of the Company's common stock indirectly through a subtrust for the benefit of Mr. Lee's children, both at a purchase price of $4.75 per share, and obtained a call option to purchase 184,200 additional shares of the Company's common stock at that same price. The call option expires on June 13, 2026. Seller also has the right to cause Mr. Lee to purchase the additional shares at that same price beginning on June 13, 2026 and for a period of ten business days thereafter. In addition, if the closing price of the Company's common stock as reported by NASDAQ is at a price per share of $4.75 or greater on any day prior to June 13, 2026, then Seller also has the right to cause Mr. Lee to purchase such additional shares for $4.75 per share on the next business day. |