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[Form 4] Red Rock Resorts, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Lorenzo J. Fertitta reported a non-derivative transaction in Red Rock Resorts, Inc. (RRR) on 09/12/2025 transferring 200,000 shares of Class A Common Stock at a reported price of $61.31. The filing states the shares were disposed of by FJF, LLC and acquired by the Frank J. Fertitta, III 2006 Irrevocable Trust for estate planning, for which Lorenzo serves as trustee with sole investment and voting power. After the reported transaction, the report lists 47,188,378 shares as indirectly beneficially owned and 93,221 shares as directly owned. The filing includes detailed ownership footnotes describing complex family and entity relationships and a disclaimer of beneficial ownership except for any pecuniary interest.

Lorenzo J. Fertitta ha riferito una transazione non derivativa in Red Rock Resorts, Inc. (RRR) il 09/12/2025 trasferendo 200.000 azioni di Class A Common Stock a un prezzo riportato di $61.31. La dichiarazione indica che le azioni sono state rim ;>disposte da FJF, LLC e acquisite dal Frank J. Fertitta, III 2006 Irrevocable Trust per scopi di pianificazione patrimoniale, per i quali Lorenzo svolge il ruolo di trustee con potere decisionale e di voto esclusivo. Dopo la transazione riportata, la relazione elenca 47.188.378 azioni come indirettamente detenute beneficially e 93.221 azioni come detenute direttamente. La dichiarazione include note di proprietà dettagliate che descrivono complesse relazioni familiari ed entità e una dichiarazione di non appartenenza vantaggi economici, salvo per qualsiasi interesse pecuniario.

Lorenzo J. Fertitta informó una transacción no derivativa en Red Rock Resorts, Inc. (RRR) el 09/12/2025 transfiriendo 200.000 acciones de Class A Common Stock a un precio reportado de $61.31. La declaración indica que las acciones fueron desprendidas por FJF, LLC y adquiridas por el Frank J. Fertitta, III 2006 Irrevocable Trust para fines de planificación patrimonial, para los cuales Lorenzo actúa como fideicomisario con poder de inversión y voto exclusivo. Tras la transacción reportada, el informe lista 47.188.378 acciones como propiedad indirectamente beneficiosa y 93.221 acciones como propiedad directa. El archivo incluye notas detalladas de propiedad que describen relaciones complejas de familia y entidades y un descargo de propiedad beneficiosa excepto por cualquier interés pecuniario.

Lorenzo J. Fertitta가 2025-09-12에 Red Rock Resorts, Inc. (RRR)에서 비유래 거래를 보고했고, 200,000주(Class A 보통주)를 보고된 가격 $61.31로 양도했습니다. 제출 문서는 주식이 FJF, LLC에 의해 처분되었고 Estate 계획을 위한 Frank J. Fertitta, III 2006 Irrevocable Trust에 의해 취득되었으며, 로렌조가 단독 투자 및 의결 권한을 가진 수탁자임을 명시합니다. 보고된 거래 후, 보고서는 47,188,378주를 간접적으로 유익하게 소유하고 있고 93,221주는 직접 보유로 기재되어 있습니다. 파일에는 가족 및 실체 관계가 복잡하게 설명된 소유권 각주와 금전적 이해관계를 제외한 이익 소유에 대한 포기 선언이 포함되어 있습니다.

Lorenzo J. Fertitta a déclaré une transaction non dérivée dans Red Rock Resorts, Inc. (RRR) le 12/09/2025 transferrant 200 000 actions ordinaires de classe A à un prix déclaré de $61,31. Le dépôt indique que les actions ont été disposées par FJF, LLC et acquises par le Frank J. Fertitta, III 2006 Irrevocable Trust à des fins de planification successorale, pour lesquelles Lorenzo agit en tant que fiduciaire avec le pouvoir exclusif d’investissement et de vote. Après la transaction reportée, le rapport indique 47.188.378 actions comme détenues indirectement et 93.221 actions comme détenues directement. Le dépôt comprend des notes de propriété détaillées décrivant des relations familiales et d’entités complexes et une exclusion de la propriété bénéficiaire sauf pour tout intérêt pécuniaire.

Lorenzo J. Fertitta meldete eine eigenständige Transaktion in Red Rock Resorts, Inc. (RRR) am 09/12/2025, bei der 200.000 Class A Stammaktien zu einem angegebenen Preis von $61,31 übertragen wurden. Die Anmeldung besagt, dass die Aktien von FJF, LLC veräußert und vom Frank J. Fertitta, III 2006 Irrevocable Trust für Nachlassplanung erworben wurden, wobei Lorenzo als Treuhänder mit alleiniger Anlage- und Stimmrechtsmacht fungiert. Nach der berichteten Transaktion listet der Bericht 47.188.378 Aktien als indirekt begünstigt und 93.221 Aktien als direkt gehalten. Die Anmeldung enthält detaillierte Eigentums-Fußnoten, die komplexe familiäre und entity-Beziehungen beschreiben, sowie einen Haftungsausschluss des begünstigten Eigentums mit Ausnahme jeglicher finanzieller Interessen.

لورينزو ج. فيرتيتا أبلغ عن معاملة غير مشتقة في Red Rock Resorts, Inc. (RRR) في 09/12/2025 نقلت 200,000 سهماً من فئة أ من الأسهم العادية بسعر مُبلغ عنه قدره $61.31. يذكر الملف أن الأسهم تم التصرف بها من قبل FJF, LLC واكتسابها من قبل Frank J. Fertitta, III 2006 Irrevocable Trust لأغراض تخطيط التركات، حيث يعمل لورينزو كوصي بسلطة استثمار وتصويت حصرية. بعد المعاملة المذكورة، يورد التقرير 47,188,378 سهماً كملكاً مستفيداً بشكل غير مباشر و93,221 سهماً كملك مباشرة. يتضمن الملف هامش ملكية مفصل يصف العلاقات العائلية والكيانات المعقدة وإخلاء من ملكية المستفيد باستثناء أي مصلحة مالية.

洛伦佐·J·费提塔 在 Red Rock Resorts, Inc. (RRR) 上报告了一项非衍生交易，日期为 2025/09/12，转让了 200,000 股 A 类普通股，披露价格为 $61.31。该文件指出，这些股票由 FJF, LLC 处置，并由 Frank J. Fertitta, III 2006 Irrevocable Trust 为遗产规划而取得，洛伦佐担任受托人，拥有单独的投资与投票权。交易后，报告列出 47,188,378 股为间接受益持有，93,221 股为直接持有。该 filing 还包括详细的所有权脚注，描述复杂的家庭和实体关系，并对受益所有权作出除任何金钱利益以外的免责声明。

Positive
  • 200,000 shares transferred into the Frank J. Fertitta, III 2006 Irrevocable Trust for estate planning
  • Filing discloses a large, transparent indirect stake (47,188,378 shares) and a small direct holding (93,221 shares), clarifying ownership
Negative
  • None.

Insights

TL;DR: Insider moved 200,000 shares into a family irrevocable trust for estate planning; large indirect stake remains.

The transaction is a transfer among related entities and trusts rather than an open-market sale, indicating estate planning activity rather than a change in investment view. The reported price of $61.31 provides a reference point for the transfer valuation. The filing shows a substantial indirect ownership position (47,188,378 shares) plus a small direct holding (93,221 shares), which suggests continued concentrated family ownership and voting influence. Materiality for public investors appears limited absent further sales or exchanges of LLC Units convertible into Class A stock.

TL;DR: Transfer to an irrevocable trust while retaining trustee control raises common estate-planning and control continuity considerations.

The disclosure describes layered ownership through LLCs, trusts, and family entities with retained rights (for example, retained right to remove a trustee for one trust), and a clear disclaimer of beneficial ownership except for pecuniary interest. From a governance perspective, the filing documents that control and voting rights remain concentrated within the Fertitta family structure. Investors should note the complexity of the ownership chain but the document itself records an internal transfer rather than a change in public float.

Lorenzo J. Fertitta ha riferito una transazione non derivativa in Red Rock Resorts, Inc. (RRR) il 09/12/2025 trasferendo 200.000 azioni di Class A Common Stock a un prezzo riportato di $61.31. La dichiarazione indica che le azioni sono state rim ;>disposte da FJF, LLC e acquisite dal Frank J. Fertitta, III 2006 Irrevocable Trust per scopi di pianificazione patrimoniale, per i quali Lorenzo svolge il ruolo di trustee con potere decisionale e di voto esclusivo. Dopo la transazione riportata, la relazione elenca 47.188.378 azioni come indirettamente detenute beneficially e 93.221 azioni come detenute direttamente. La dichiarazione include note di proprietà dettagliate che descrivono complesse relazioni familiari ed entità e una dichiarazione di non appartenenza vantaggi economici, salvo per qualsiasi interesse pecuniario.

Lorenzo J. Fertitta informó una transacción no derivativa en Red Rock Resorts, Inc. (RRR) el 09/12/2025 transfiriendo 200.000 acciones de Class A Common Stock a un precio reportado de $61.31. La declaración indica que las acciones fueron desprendidas por FJF, LLC y adquiridas por el Frank J. Fertitta, III 2006 Irrevocable Trust para fines de planificación patrimonial, para los cuales Lorenzo actúa como fideicomisario con poder de inversión y voto exclusivo. Tras la transacción reportada, el informe lista 47.188.378 acciones como propiedad indirectamente beneficiosa y 93.221 acciones como propiedad directa. El archivo incluye notas detalladas de propiedad que describen relaciones complejas de familia y entidades y un descargo de propiedad beneficiosa excepto por cualquier interés pecuniario.

Lorenzo J. Fertitta가 2025-09-12에 Red Rock Resorts, Inc. (RRR)에서 비유래 거래를 보고했고, 200,000주(Class A 보통주)를 보고된 가격 $61.31로 양도했습니다. 제출 문서는 주식이 FJF, LLC에 의해 처분되었고 Estate 계획을 위한 Frank J. Fertitta, III 2006 Irrevocable Trust에 의해 취득되었으며, 로렌조가 단독 투자 및 의결 권한을 가진 수탁자임을 명시합니다. 보고된 거래 후, 보고서는 47,188,378주를 간접적으로 유익하게 소유하고 있고 93,221주는 직접 보유로 기재되어 있습니다. 파일에는 가족 및 실체 관계가 복잡하게 설명된 소유권 각주와 금전적 이해관계를 제외한 이익 소유에 대한 포기 선언이 포함되어 있습니다.

Lorenzo J. Fertitta a déclaré une transaction non dérivée dans Red Rock Resorts, Inc. (RRR) le 12/09/2025 transferrant 200 000 actions ordinaires de classe A à un prix déclaré de $61,31. Le dépôt indique que les actions ont été disposées par FJF, LLC et acquises par le Frank J. Fertitta, III 2006 Irrevocable Trust à des fins de planification successorale, pour lesquelles Lorenzo agit en tant que fiduciaire avec le pouvoir exclusif d’investissement et de vote. Après la transaction reportée, le rapport indique 47.188.378 actions comme détenues indirectement et 93.221 actions comme détenues directement. Le dépôt comprend des notes de propriété détaillées décrivant des relations familiales et d’entités complexes et une exclusion de la propriété bénéficiaire sauf pour tout intérêt pécuniaire.

Lorenzo J. Fertitta meldete eine eigenständige Transaktion in Red Rock Resorts, Inc. (RRR) am 09/12/2025, bei der 200.000 Class A Stammaktien zu einem angegebenen Preis von $61,31 übertragen wurden. Die Anmeldung besagt, dass die Aktien von FJF, LLC veräußert und vom Frank J. Fertitta, III 2006 Irrevocable Trust für Nachlassplanung erworben wurden, wobei Lorenzo als Treuhänder mit alleiniger Anlage- und Stimmrechtsmacht fungiert. Nach der berichteten Transaktion listet der Bericht 47.188.378 Aktien als indirekt begünstigt und 93.221 Aktien als direkt gehalten. Die Anmeldung enthält detaillierte Eigentums-Fußnoten, die komplexe familiäre und entity-Beziehungen beschreiben, sowie einen Haftungsausschluss des begünstigten Eigentums mit Ausnahme jeglicher finanzieller Interessen.

SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
FERTITTA LORENZO J
(Last) (First) (Middle)
C/O RED ROCK RESORTS, INC.
1505 SOUTH PAVILION CENTER DRIVE
(Street)
LAS VEGAS NV 89135
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Red Rock Resorts, Inc. [ RRR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Vice President
3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Class A Common Stock 09/12/2025 J 200,000(1) A $61.31 47,188,378 I See Footnotes(2)(3)(4)(5)(6)
Class A Common Stock 93,221 D
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Explanation of Responses:
1. Represents shares of Class A Common Stock disposed of by FJF, LLC and acquired by The Frank J. Fertitta, III 2006 Irrevocable Trust, an irrevocable trust established for the benefit of Frank J. Fertitta III's three children and for which Lorenzo J. Fertitta is trustee and has sole investment and voting power. The disposition was made for estate planning purposes.
2. Lorenzo J. Fertitta is a director of the Issuer, and also a beneficial owner of 10% or more of the Issuer's Class A Common Stock (assuming that all of the units of membership interest in Station Holdco LLC (the "LLC Units") beneficially owned by Lorenzo J. Fertitta were exchanged for the Issuer's Class A Common Stock) as a result of his ownership interest in FBM Sub 1 LLC ("FBM Sub 1"), Fertitta Business Management LLC ("FBM") and FI Station Investor LLC ("FI Station"). The LLC Units are exchangeable at any time and from time to time for a number of shares of the Issuer's Class A Common Stock at an exchange rate determined in accordance with the Exchange Agreement or, at the election of the Issuer, cash. The LLC Units have no expiration date.
3. (Continued from Footnote 2) FI Station is owned by Fertitta Investment LLC ("Fertitta Investment"), KVF Investments, LLC ("KVF") and LNA Investments, LLC ("LNA"). Fertitta Investment is owned by FBM, KVF and LNA. FI Station and Fertitta Investment are managed by Fertitta Holdco LLC, which is owned and managed by Frank J. Fertitta III and Lorenzo J. Fertitta. KVF is managed by Frank J. Fertitta III and is beneficially owned by various trusts established for the benefit of his three children. LNA is managed by Lorenzo J. Fertitta and is beneficially owned by various trusts established for the benefit of his three children. FBM Sub 1 is owned and controlled by FBM. FBM is owned and controlled (i) 50% by the F & J Fertitta Family Business Trust (the "F&J Trust"), a revocable trust for which Frank J. Fertitta III has sole investment and voting power, and (ii) 50% by the L & T Fertitta Family Business Trust (the "L&T Trust"),
4. (Continued from Footnote 3) a revocable trust for which Lorenzo J. Fertitta has sole investment and voting power. Certain Class A Common Stock of the Issuer are held by (i) The L&T Fertitta Family Trust, (ii) the Frank J. Fertitta, III 2006 Irrevocable Trust (the "FJF Irrevocable Trust"), an irrevocable trust established for the benefit of Frank J. Fertitta III's three children and for which Lorenzo J. Fertitta is trustee and has sole investment and voting power, and (iii) the L & T Fertitta Grandchildren's 2020 Irrevocable Trust, an irrevocable trust established for the benefit of the Reporting Person's grandchildren (the "L&T 2020 Trust") for which Frank J. Fertitta IV, the Reporting Person's nephew, serves as trustee.
5. Based on the Reporting Person's retained right to remove the trustee of the L&T 2020 Trust, the Reporting Person may be deemed to be a beneficial owner of the shares transferred to the L&T 2020 Trust.
6. Lorenzo J. Fertitta disclaims beneficial ownership of any shares of Class A Common Stock or LLC Units beneficially owned by FI Station, Fertitta Investment, FBM Sub 1, FBM, KVF, LNA, the F&J Trust, the L&T Trust, the L&T Fertitta Family Trust, the FJF Irrevocable Trust, and the L&T 2020 Trust, except to the extent of any pecuniary interest therein.
By: /s/ Daniel Schafer, Attorney-in- Fact for Lorenzo J. Fertitta 09/16/2025
** Signature of Reporting Person Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What transaction did Lorenzo J. Fertitta report on Form 4 for RRR?

The filing reports a transfer on 09/12/2025 of 200,000 Class A shares at a price of $61.31, moved from FJF, LLC to the Frank J. Fertitta, III 2006 Irrevocable Trust.

How many RRR shares does Lorenzo J. Fertitta beneficially own after the reported transaction?

The Form 4 lists 47,188,378 shares as indirectly beneficially owned and 93,221 shares as directly owned following the transaction.

Why were the 200,000 RRR shares transferred?

The filing states the disposition was made for estate planning purposes and the shares were acquired by an irrevocable trust for beneficiaries.

Does the filing indicate Lorenzo J. Fertitta reduced his economic interest in RRR?

The filing includes a disclaimer that Lorenzo disclaims beneficial ownership of shares held by related entities except for any pecuniary interest; the document does not state a clear reduction of overall economic interest.

What relationships and entities are disclosed in the Form 4 for RRR?

The filing details ownership through entities including FBM Sub 1 LLC, Fertitta Business Management LLC, FI Station Investor LLC, and various family trusts and LLCs, describing management and beneficial ownership links.
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Red Rock Resorts Inc

NASDAQ:RRR

RRR Rankings

#1617 Ranked by Market Cap
#1750 Ranked by Dividends

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RRR Stock Data

3.57B
54.71M
7.9%
85.38%
3.95%
Resorts & Casinos
Hotels & Motels
Link
United States
LAS VEGAS