SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Reeves Robeson

(Last) (First) (Middle)
C/O BALLY'S CORPORATION
100 WESTMINSTER STREET

(Street)
PROVIDENCE RI 02903

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Bally's Corp [ BALY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/31/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/31/2023 M 35,713 A $0 318,498 D
Common Stock 12/31/2023 F(1) 16,786 D $13.94 301,712 D
Common Stock 01/01/2024 M 8,941 A $0 310,653 D
Common Stock 01/01/2024 F(2) 4,204 D $13.94 306,449 D
Common Stock 447 I Spouse
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (3) 12/31/2023 M 18,839 (4) (4) Common Stock 18,839 $0 18,840 D
Restricted Stock Unit (3) 12/31/2023 M 16,874 (5) (5) Common Stock 16,874 $0 55,700 D
Restricted Stock Unit (3) 01/01/2024 M 3,111 (5) (5) Common Stock 3,111 $0 52,589 D
Restricted Stock Unit (3) 01/01/2024 M 5,830 (6) (6) Common Stock 5,830 $0 0 D
Explanation of Responses:
1. On December 31, 2023, 35,713 shares of Bally's Corporation (the "Company") restricted stock units vested. The Company retained 16,786 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
2. On January 1, 2024, 8,941 shares of Company restricted stock units vested. The Company retained 4,204 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
3. Each restricted stock unit represents the right to receive one share of Bally's Corporation common stock upon vesting in accordance with the terms of the reporting person's restricted stock unit agreement.
4. On October 1, 2021, the reporting person was granted 56,518 restricted stock units which will vest in three equal installments on December 31, 2022, 2023 and 2024.
5. On February 15, 2023, the reporting person was granted 72,574 restricted stock units of which 16,874 will vest on December 31, 2023, 16,875 will vest on December 31, 2024, 3,111 will vest on January 1, 2024 and 35,714 will vest on January 1, 2026.
6. On November 5, 2021, the reporting person was granted 13,697 restricted stock units which will vest in two equal installments on January 1, 2023 and 2024.
Remarks:
/s/ Victoria Ellis, Attorney-In-Fact 01/03/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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