Red Rock Resorts CLO sells 9,000 shares at $55.88
Red Rock Resorts’ chief legal officer reported selling 9,000 Class A shares and now directly holds 342,307 shares.
Rhea-AI Filing Summary
Red Rock Resorts, Inc. (RRR) insider Jeffrey T. Welch, EVP and Chief Legal Officer, sold 9,000 shares of Class A common stock on September 1, 2026, in an open-market or private transaction at a weighted average price of about $55.88 per share, with individual trade prices ranging from $55.45 to $56.11. Following this sale, he directly holds 342,307 shares of Class A common stock, and no Rule 10b5-1 trading plan is reported for this transaction.
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Insights
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Insider Trade Summary
Net Seller: 9,000 shares
Net Sell
1 txn
Insider
Welch Jeffrey T
Role
EVP and Chief Legal Officer
Sold
9,000 shs ($503K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | CLASS A COMMON STOCK F1 | 9,000 | $55.876 | $503K |
Holdings After Transaction:
CLASS A COMMON STOCK — 342,307 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.45 to $56.11, 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.
Key Figures
Shares sold: 9,000 shares
Weighted average sale price: $55.88 per share
Sale price range: $55.45–$56.11 per share
+1 more
4 metrics
Shares sold
9,000 shares
Class A common stock sold by Jeffrey T. Welch on September 1, 2026
Weighted average sale price
$55.88 per share
Average price across multiple sale transactions on September 1, 2026
Sale price range
$55.45–$56.11 per share
Range of prices for the multiple sale transactions reported in Footnote 1
Shares held after transaction
342,307 shares
Direct Class A common stock holdings of Jeffrey T. Welch after the sale
Key Terms
weighted average price, open market or private transaction, Rule 10b5-1 trading plan
3 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.
open market or private transaction financial
"Sale in open market or private transaction"
Rule 10b5-1 trading plan regulatory
"No Rule 10b5-1 trading plan is reported for this transaction"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
FAQ
What insider transaction did Red Rock Resorts (RRR) report for Jeffrey T. Welch?
Jeffrey T. Welch, EVP and Chief Legal Officer of Red Rock Resorts, sold 9,000 shares of Class A common stock on September 1, 2026 in an open-market or private transaction and reported his updated holdings afterward.
Was the Red Rock Resorts (RRR) insider sale by Jeffrey T. Welch under a Rule 10b5-1 trading plan?
No. The document-level Rule 10b5-1 box is left unchecked, and there is no footnote indicating a trading plan, so this sale is not reported as being made under a Rule 10b5-1 trading plan.
What type of transaction did the Red Rock Resorts (RRR) Form 4 disclose?
The Form 4 discloses a sale of Class A common stock by an officer in an open-market or private transaction on September 1, 2026, rather than a grant, option exercise, or gift.
AI-generated analysis. How Rhea-AI works. Not financial advice.