Sec Form 4 Filing - LEE DANIEL R @ FULL HOUSE RESORTS INC - 2025-03-31

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
LEE DANIEL R
2. Issuer Name and Ticker or Trading Symbol
FULL HOUSE RESORTS INC [ FLL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
PRESIDENT & CEO
(Last) (First) (Middle)
C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680
3. Date of Earliest Transaction (MM/DD/YY)
03/31/2025
(Street)
LAS VEGAS, NV89135
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 984,618 ( 1 ) D
Common Stock 145,735 I By trust
Common Stock 132,945 I By subtrust
Common Stock 15,926 I As custodian for daughter
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Employee Stock Option (right to buy) $ 4.62 03/31/2025 A 28,240 ( 2 ) ( 3 ) 01/02/2035 Common Stock 28,240 $ 0 28,240 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LEE DANIEL R
C/O FULL HOUSE RESORTS, INC.
1980 FESTIVAL PLAZA DRIVE, SUITE 680
LAS VEGAS, NV89135
X PRESIDENT & CEO
Signatures
/s/ Lewis A. Fanger, Attorney-in-Fact 04/02/2025
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Since the date of Mr. Lee's last report, Mr. Lee transferred 604,262 shares of common stock to his former spouse pursuant to a domestic relations order. Mr. Lee no longer reports as beneficially owned any securities owned by his former spouse.
( 2 )On January 2, 2025, the compensation committee of the board of directors of Full House Resorts, Inc. (the "Company") approved an option grant to purchase a total of 97,267 shares at $4.62 per share. Of such total, 69,027 shares were reported on Mr. Lee's Form 4 filed on January 3, 2025. The option grant to purchase the remaining 28,240 shares at $4.62 per share was subject to stockholder approval of an increase to the number of available shares for issuance under the Company's 2015 Equity Incentive Plan (the "Plan") or the adoption of a successor plan thereto. Prior to such stockholder approval, a sufficient number of shares became available under the Plan due to employee departures from the Company. Therefore, as of the transaction date of this Form 4, there were a sufficient number of shares available under the Plan to grant the option to purchase the remaining 28,240 shares at $4.62 per share.
( 3 )The option vests in three equal annual installments beginning on January 2, 2026.

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).
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