Red Rock Resorts (RRR) COO sells 9,791 shares and exercises 27,000 options
Rhea-AI Filing Summary
Red Rock Resorts, Inc. executive Kord Nichols, EVP & Chief Operating Officer, reported several equity transactions. On August 11, 2026, he exercised employee stock options to acquire 27,000 shares of Class A common stock at an exercise price of $24.98 per share. In connection with this, 17,209 shares of Class A common stock were delivered or withheld at $62.145 per share for payment of exercise price or tax liability. On August 12, 2026, he sold 9,791 shares of Class A common stock in an open-market transaction at a weighted average price of $62.999 per share, with individual sale prices ranging from $62.96 to $63.02. After the option exercise, he held 81,625 employee stock options (right to buy Class A common stock) at a $24.98 exercise price, expiring on February 18, 2028.
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Insights
Analyzing...
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Nichols Kord
Role
EVP & Chief Operating Officer
Sold
9,791 shs ($617K)
Approx. gross sale proceeds
$617K
Approx. exercise cost
$674K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | CLASS A COMMON STOCK F1 | 9,791 | $62.999 | $617K |
| Exercise | EMPLOYEE STOCK OPTION (RIGHT TO BUY) F2 | 27,000 | $0.00 | $0.00 |
| Exercise | CLASS A COMMON STOCK | 27,000 | $24.98 | $674K |
| Exercise Price or Tax Liability | CLASS A COMMON STOCK | 17,209 | $62.145 | $1.07M |
Holdings After Transaction:
EMPLOYEE STOCK OPTION (RIGHT TO BUY) — 81,625 shares (Direct);
CLASS A COMMON STOCK — 113,760 shares (Direct)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.96 to $63.02, inclusive. The reporting person undertakes to provide to Red Rock Resorts, Inc., any security holder of Red Rock Resorts, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote 1.
- F2. This stock option previously vested in accordance with the terms of the applicable vesting schedule.
Key Figures
Shares sold: 9,791 shares
Weighted average sale price: $62.999 per share
Options exercised: 27,000 shares
+4 more
7 metrics
Shares sold
9,791 shares
Class A common stock sale on August 12, 2026
Weighted average sale price
$62.999 per share
Open-market sale, prices from $62.96 to $63.02
Options exercised
27,000 shares
Employee stock option exercise on August 11, 2026
Option exercise price
$24.98 per share
Employee stock option (right to buy) for Class A common stock
Shares delivered/withheld for exercise price or taxes
17,209 shares
Code F transaction at $62.145 per share
Remaining stock options
81,625 options
Employee stock options outstanding after exercise, expiring February 18, 2028
Net buy/sell shares
-9,791 shares
Net share disposition across reported buy/sell transactions
Key Terms
weighted average price, EMPLOYEE STOCK OPTION (RIGHT TO BUY), Exercise or conversion of derivative security, Payment of exercise price or tax liability
4 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
EMPLOYEE STOCK OPTION (RIGHT TO BUY) financial
"security_title: EMPLOYEE STOCK OPTION (RIGHT TO BUY)"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Payment of exercise price or tax liability financial
"transaction_code_description: Payment of exercise price or tax liability by delivering"
FAQ
What insider transactions did Red Rock Resorts (RRR) report for Kord Nichols?
Red Rock Resorts reported that EVP & COO Kord Nichols exercised 27,000 stock options at $24.98 per share and sold 9,791 Class A shares at a weighted average price of $62.999 per share over August 11–12, 2026.
What stock options did Kord Nichols exercise at Red Rock Resorts (RRR)?
Kord Nichols exercised employee stock options for 27,000 shares of Red Rock Resorts Class A common stock at an exercise price of $24.98 per share on August 11, 2026; these options had previously vested under their vesting schedule.
How were taxes or exercise costs handled for Kord Nichols’ Red Rock Resorts (RRR) option exercise?
In connection with the option exercise, 17,209 Red Rock Resorts Class A shares were delivered or withheld at $62.145 per share for payment of the exercise price or related tax liability, as reported under transaction code F.
What Red Rock Resorts (RRR) stock options does Kord Nichols hold after these transactions?
Following the reported transactions, Kord Nichols held 81,625 employee stock options (right to buy Class A common stock) with an exercise price of $24.98 per share, expiring on February 18, 2028, according to the filing data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
