Monarch Casino (MCRI) CEO exercises 200K options, covers taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Monarch Casino & Resort CEO John Farahi reported a series of stock option exercises and related share withholdings. He exercised options to acquire 200,000 shares of common stock through multiple transactions coded “M”, converting derivative awards into regular shares.
To cover tax obligations, 114,748 shares of common stock were disposed of in a tax-withholding transaction coded “F” at $118.16 per share, a non-market sale to the company. Following these transactions, he holds 621,556 common shares directly and 2,521,415 shares indirectly in trusts.
Farahi also retains significant option holdings. Remaining “Options / Right to Buy” cover several tranches of 66,666–66,668 underlying shares each, with exercise prices ranging from $43.24 to $95.70 and expirations between 2029 and 2035, indicating continued long-term equity exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary
200,000 shares exercised/converted
Mixed
15 txns
Insider
FARAHI JOHN
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options / Right to Buy | 66,666 | $0.00 | -- |
| Exercise | Options / Right to Buy | 66,668 | $0.00 | -- |
| Exercise | Options / Right to Buy | 66,666 | $0.00 | -- |
| Exercise | Common Stock | 66,666 | $23.08 | $1.54M |
| Exercise | Common Stock | 66,668 | $45.32 | $3.02M |
| Exercise | Common Stock | 66,666 | $39.82 | $2.65M |
| Tax Withholding | Common Stock | 114,748 | $118.16 | $13.56M |
| holding | Options / Right to Buy | -- | -- | -- |
| holding | Options / Right to Buy | -- | -- | -- |
| holding | Options / Right to Buy | -- | -- | -- |
| holding | Options / Right to Buy | -- | -- | -- |
| holding | Options / Right to Buy | -- | -- | -- |
| holding | Options / Right to Buy | -- | -- | -- |
| holding | Options / Right to Buy | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Options / Right to Buy — 600,000 shares (Direct, null);
Common Stock — 602,970 shares (Direct, null);
Common Stock — 2,521,415 shares (Indirect, In trusts)
Footnotes (1)
Key Figures
Options exercised: 200,000 shares
Tax-withholding shares: 114,748 shares
Direct holdings after transactions: 621,556 shares
+3 more
6 metrics
Options exercised
200,000 shares
Common stock acquired via derivative exercises coded “M” on 2026-04-28
Tax-withholding shares
114,748 shares
Common stock delivered for tax liability at $118.16 per share
Direct holdings after transactions
621,556 shares
Common stock held directly following 2026-04-28 transactions
Indirect holdings in trusts
2,521,415 shares
Common stock reported as indirectly owned in trusts
Remaining option tranche
66,666 shares at $43.24
Options / Right to Buy, expiring 2029-11-01, direct ownership
Highest remaining option exercise price
$95.70
Options / Right to Buy over 66,666 underlying shares, expiring 2035-12-31
Key Terms
tax-withholding disposition, derivative exercise/conversion, Options / Right to Buy, indirect ownership
4 terms
tax-withholding disposition financial
"a tax-withholding disposition coded “F” for 114,748 common shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"multiple transactions coded “M” described as derivative exercise/conversion"
Options / Right to Buy financial
"remaining “Options / Right to Buy” cover several tranches of 66,666–66,668 shares"
indirect ownership financial
"2,521,415 shares are reported as indirect ownership held in trusts"
FAQ
What did MCRI CEO John Farahi report in this Form 4 filing?
John Farahi reported exercising stock options to acquire 200,000 Monarch Casino & Resort shares and a related tax-withholding share disposition. The filing also updates his direct, indirect, and remaining option holdings in the company’s common stock.
What is the tax-withholding transaction reported by MCRI’s CEO?
The filing shows a tax-withholding disposition coded “F” for 114,748 common shares at $118.16 per share. These shares were delivered to cover tax liabilities related to equity awards rather than being sold in open-market transactions.
What stock options does the MCRI CEO still hold following the Form 4?
Farahi retains multiple “Options / Right to Buy” positions over blocks of 66,666–66,668 underlying shares. Exercise prices range from $43.24 to $95.70, with expiration dates between 2029 and 2035, indicating remaining long-term option-based exposure.