[144] Red Rock Resorts, Inc. SEC Filing

Rhea-AI Filing Summary

Red Rock Resorts, Inc. (RRR) Form 144 notice reports a proposed sale of 37,075 shares of Class A common stock through Merrill Lynch, with an aggregate market value of $2,262,562.91 and an approximate sale date of 08/22/2025. The filing shows these shares were acquired on 08/11/2025 via a broker-assisted, net-settled exercise of employee stock options from Red Rock Resorts, Inc., with payment dated 08/11/2025. The filer discloses prior sales during the past three months by Kord Nichols: 5,250 shares sold on 08/13/2025 for $320,250.00 and 42,325 shares sold on 08/12/2025 for $2,480,836.83. The notice includes the required insider representation that no material nonpublic information is known to the seller at signing.

Positive

• Regulatory compliance: The filer provided the required Rule 144 notice and representations, including broker details and acquisition method.
• Full transaction detail: Dates, quantities, acquisition method (net-settled option exercise), and prior three-month sales are disclosed, enhancing transparency.

Negative

• Insider selling activity: Recent disclosed disposals total material share counts (42,325 and 5,250) in the past days, which may attract investor attention.
• Proposed sale value: The planned sale of 37,075 shares equals $2,262,562.91, representing a non-trivial near-term share supply to the market.

Insights

Corporate Governance Expert

TL;DR: Routine insider disclosure of option exercise and proposed sale; transparency maintained but notable volume of recent insider sales.

The filing documents a broker-assisted, net-settled exercise followed by a proposed Rule 144 sale, a common mechanism for insiders converting option gains to cash while complying with securities law. The disclosure of prior sales on 08/12/2025 and 08/13/2025 improves transparency. From a governance perspective, these filings fulfill reporting obligations and include the mandated representation regarding material nonpublic information. The aggregate volumes are explicit in the filing and should be evaluated relative to outstanding shares by external stakeholders.

Securities Analyst

TL;DR: Transaction is an insider option exercise and planned secondary sale totaling $2.26M for 37,075 shares; prior near-term sales are disclosed.

Details show acquisition on 08/11/2025 via net-settled option exercise and a proposed sale through Merrill Lynch on 08/22/2025. The filing lists prior dispositions by Kord Nichols: 42,325 shares for $2,480,836.83 and 5,250 shares for $320,250.00 in the preceding days. This is a disclosure-driven filing rather than an operational development; impact on market price will depend on execution, market liquidity, and investor interpretation of insider selling activity.

08/22/2025 - 06:57 PM

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 St Floor 37 New York NY 10281	37075	2262562.91	59505818	08/22/2025	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.			37075	08/11/2025	Broker assisted net settled exercise

* 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	08/13/2025	5250	320250.00
Kord Nichols 1505 SOUTH PAVILION CENTER DRIVE LAS VEGAS NV 89135	Class A Common Stock	08/12/2025	42325	2480836.83

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 RRR Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 37,075 Class A shares via Merrill Lynch with an aggregate market value of $2,262,562.91 and an approximate sale date of 08/22/2025.

How were the 37,075 shares acquired according to the filing?

They were acquired on 08/11/2025 through a broker-assisted net-settled exercise of employee stock options from Red Rock Resorts, Inc.

Did the filer disclose any sales in the past three months for RRR?

Yes. Kord Nichols sold 42,325 shares on 08/12/2025 for $2,480,836.83 and 5,250 shares on 08/13/2025 for $320,250.00.

Who is the broker handling the proposed sale?

The broker listed is Merrill Lynch, 225 Liberty St Floor 37 New York, NY 10281.

Does the filing include an insider representation about material nonpublic information?

Yes. By signing the notice, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.

What is the number of outstanding shares referenced in the filing?

The filing lists 59,505,818 shares outstanding for the Class A common stock.