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Investing.com -- Full House Resorts (NASDAQ:FLL) stock surged 9.5% in early trading Wednesday following news that Chief Executive Officer Daniel Lee purchased 270,000 shares of the company.
The transaction, valued at approximately $1.28 million, took place on June 13, 2025, with Lee acquiring the shares at $4.75 each. According to regulatory filings, Lee purchased 92,100 shares directly and another 184,200 shares indirectly through a subtrust for the benefit of his children.
As part of the private transaction, Lee also obtained a call option to purchase an additional 184,200 shares at the same $4.75 price, with the option expiring on June 13, 2026. The seller maintains the right to require Lee to purchase these additional shares at the same price beginning June 13, 2026, for a period of ten business days thereafter.
The agreement includes a provision that if the company’s stock price reaches or exceeds $4.75 per share on any day before June 13, 2026, as reported by NASDAQ, the seller can compel Lee to purchase the additional shares at that price on the next business day.
Insider purchases are often viewed positively by investors as they may signal management’s confidence in the company’s future prospects.
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