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Red Rock Resorts (RRR) COO Kord Nichols granted stock and options

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Red Rock Resorts, Inc. executive Kord Nichols reported equity compensation awards rather than open‑market trades. He received a grant of 32,092 shares of Class A common stock as a restricted stock award, bringing his direct holdings to 113,760 shares.

He was also granted employee stock options covering 65,125 shares of Class A common stock at an exercise price of $62.32 per share, expiring on June 11, 2036. Both the restricted stock and option awards vest 25% on each of the first four anniversaries of June 11, 2026, subject to his continued service with the company.

Positive

  • None.

Negative

  • None.
Insider Nichols Kord
Role EVP & Chief Operating Officer
Type Security Shares Price Value
Grant/Award EMPLOYEE STOCK OPTION (RIGHT TO BUY) 65,125 $0.00 --
Grant/Award CLASS A COMMON STOCK 32,092 $0.00 --
Holdings After Transaction: EMPLOYEE STOCK OPTION (RIGHT TO BUY) — 65,125 shares (Direct, null); CLASS A COMMON STOCK — 113,760 shares (Direct, null)
Footnotes (1)
  1. Represents a restricted stock award (the "Restricted Stock Award") pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan. The Restricted Stock Award vests 25% on each first four anniversaries of June 11, 2026, subject to the Reporting Person's continued service with the Issuer. Represents a stock option award (the "Stock Option Award") pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan. The Stock Option Award vests 25% on each first four anniversaries of June 11, 2026, subject to the Reporting Person's continued service with the Issuer.
Restricted stock grant 32,092 shares Class A common stock award on June 11, 2026 vesting schedule
Shares held after grant 113,760 shares Direct Class A common stock holdings following restricted stock award
Stock options granted 65,125 options Employee stock option award linked to Class A common stock
Option exercise price $62.32 per share Conversion or exercise price for 65,125 stock options
Option expiration June 11, 2036 Expiration date of employee stock option award
Vesting schedule 25% per year over 4 years Both restricted stock and option awards from June 11, 2026
restricted stock award financial
"Represents a restricted stock award (the "Restricted Stock Award") pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan."
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
stock option award financial
"Represents a stock option award (the "Stock Option Award") pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan."
Amended and Restated 2016 Equity Incentive Plan financial
"Represents a stock option award ... pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan."
vests 25% on each first four anniversaries financial
"The Restricted Stock Award vests 25% on each first four anniversaries of June 11, 2026, subject to the Reporting Person's continued service."
employee stock option (right to buy) financial
"EMPLOYEE STOCK OPTION (RIGHT TO BUY)"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Nichols Kord
(Last)(First)(Middle)
C/O RED ROCK RESORTS, INC.
1505 SOUTH PAVILION CENTER DRIVE
(Street)
LAS VEGAS NEVADA 89135
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Red Rock Resorts, Inc. [ RRR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
CLASS A COMMON STOCK06/11/2026A32,092(1)A$0113,760D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
EMPLOYEE STOCK OPTION (RIGHT TO BUY)$62.3206/11/2026A65,125 (2)06/11/2036Class A Common Stock65,125$0.0065,125D
Explanation of Responses:
1. Represents a restricted stock award (the "Restricted Stock Award") pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan. The Restricted Stock Award vests 25% on each first four anniversaries of June 11, 2026, subject to the Reporting Person's continued service with the Issuer.
2. Represents a stock option award (the "Stock Option Award") pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan. The Stock Option Award vests 25% on each first four anniversaries of June 11, 2026, subject to the Reporting Person's continued service with the Issuer.
By: /s/ Jeffrey T. Welch, as attorney-in-fact for the Reporting Person06/15/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Red Rock Resorts (RRR) EVP Kord Nichols report in this Form 4?

He reported equity compensation grants, not open-market trades. Nichols received 32,092 restricted Class A shares and stock options for 65,125 shares at a $62.32 exercise price, both vesting over four years starting June 11, 2026.

How many Red Rock Resorts (RRR) shares does Kord Nichols hold after the grants?

After the restricted stock grant, Nichols directly holds 113,760 shares of Class A common stock. This total reflects the newly awarded 32,092 restricted shares, which vest over time, plus his prior shareholdings reported in this filing.

What are the key terms of Kord Nichols’ stock option award at Red Rock Resorts (RRR)?

Nichols received options on 65,125 shares of Class A common stock with a $62.32 exercise price. These options expire on June 11, 2036 and vest 25% annually on each of the first four anniversaries of June 11, 2026, contingent on continued service.

How do the restricted stock awards for Kord Nichols at Red Rock Resorts (RRR) vest?

The 32,092-share restricted stock award vests in four equal installments. Specifically, 25% vests on each of the first four anniversaries of June 11, 2026, provided Nichols continues to serve with Red Rock Resorts through each vesting date.

Are Kord Nichols’ Red Rock Resorts (RRR) Form 4 transactions open-market purchases or sales?

They are not open-market trades. The filing shows compensation-related grants: a restricted stock award and a stock option award under the company’s Amended and Restated 2016 Equity Incentive Plan, both vesting over four years from June 11, 2026.