[144] Red Rock Resorts, Inc. SEC Filing

Rhea-AI Filing Summary

Red Rock Resorts (RRR) disclosed a proposed sale of 5,250 Class A common shares via a Form 144, with an aggregate market value of $320,250 and an approximate sale date of 08/13/2025. The shares were acquired on 08/11/2025 through a net-settled exercise of employee stock options and were settled via a broker-assisted net settlement. The filing names Merrill Lynch as the broker. The form also reports a sale within the past three months by Kord Nichols of 42,325 shares on 08/12/2025, generating $2,480,836.82 in gross proceeds. Some filer identification fields in the provided content appear blank.

Positive

• Form 144 documents the proposed sale and complies with Rule 144 disclosure requirements
• Shares to be sold were acquired via a net-settled employee stock option exercise, indicating internal compensation realization
• Broker identified as Merrill Lynch for the proposed transaction

Negative

• Another individual, Kord Nichols, sold 42,325 shares in the past three months, producing $2,480,836.82 in gross proceeds
• Filer identification fields (CIK/CCC and contact details) appear blank in the provided content

Insights

Securities Analyst

TL;DR Insider reported a small, routine sale following an option exercise; disclosure aligns with Rule 144 requirements.

The Form 144 shows a proposed sale of 5,250 Class A shares valued at $320,250, acquired via net-settled employee option exercise on 08/11/2025 and to be sold through Merrill Lynch on 08/13/2025. The filing is a regulatory disclosure of intent to sell and includes a recent larger sale by Kord Nichols (42,325 shares). The transactions are explicitly documented and reflect insider liquidity rather than company operational developments. Impact on equity value is likely immaterial based solely on these amounts.

Corporate Governance Expert

TL;DR The filing documents compliant insider disclosure of option exercise and planned sale; governance implications are limited.

The document records an insider option exercise followed by a broker-assisted net settlement and a proposed Rule 144 sale, which are standard insider actions. The presence of a prior sale by Kord Nichols is noted in the three-month sales table. The form’s representation about absence of undisclosed material information is included. The provided content shows standard disclosure practice with no explicit governance red flags, though some filer identification fields appear omitted in the supplied text.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Merrill Lynch 225 Liberty Street Floor 37 New York NY 10281	5250	320250.00	59505818	08/13/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	08/11/2025	Net settled exercise of employee stock options	Red Rock Resorts, Inc.			5250	08/11/2025	Broker assisted net settlement of employee stock options

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Kord Nichols 1505 SOUTH PAVILION CENTER DRIVE LAS VEGAS NV 89135	Class A Common Stock	08/12/2025	42325	2480836.82

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for Red Rock Resorts (RRR) report?

The Form 144 reports a proposed sale of 5,250 Class A common shares with an aggregate market value of $320,250, to be sold via Merrill Lynch on approximately 08/13/2025.

How were the 5,250 shares acquired according to the filing?

The shares were acquired on 08/11/2025 through a net-settled exercise of employee stock options, with broker-assisted net settlement as the payment method.

Were there other insider sales in the past three months disclosed in the form?

Yes. The filing lists a sale by Kord Nichols of 42,325 Class A shares on 08/12/2025, yielding $2,480,836.82 in gross proceeds.

Who is the broker handling the proposed sale?

The proposed sale lists Merrill Lynch, 225 Liberty Street, Floor 37, New York, NY as the broker.

Does the filing state whether the seller knows of any undisclosed material information?

Yes. The person for whose account the securities are to be sold represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.