Red Rock Resorts (RRR) CLO has 4,690 shares withheld to cover taxes

Rhea-AI Filing Summary

Red Rock Resorts, Inc. executive Jeffrey T. Welch, EVP and Chief Legal Officer, reported a routine tax-related share disposition. The company withheld 4,690 shares of Class A common stock at $58.81 per share to cover taxes upon vesting of previously granted restricted shares. After this withholding, Welch directly holds 308,583 shares, indicating he retains a substantial equity position.

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

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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^*

Welch Jeffrey T

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
CLASS A COMMON STOCK	03/18/2026		F		4,690(1)	D	$58.81	308,583	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 number of shares withheld by the company to cover applicable taxes upon vesting of restricted shares previously granted.

	/s/ Jeffrey T. Welch	03/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Red Rock Resorts (RRR) disclose for Jeffrey T. Welch?

Red Rock Resorts reported that EVP and Chief Legal Officer Jeffrey T. Welch had 4,690 Class A shares withheld. The company used these shares to cover applicable taxes when previously granted restricted shares vested, rather than executing an open-market sale of shares.

Was the Red Rock Resorts (RRR) Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. The 4,690 shares were withheld by the company to satisfy tax obligations tied to vesting restricted shares, a common administrative mechanism rather than a discretionary decision to sell shares in the market.

How many Red Rock Resorts (RRR) shares does Jeffrey T. Welch hold after this Form 4?

Following the tax-withholding transaction, Jeffrey T. Welch directly holds 308,583 shares of Red Rock Resorts Class A common stock. This figure comes from the Form 4 and reflects his position after 4,690 shares were withheld to cover associated tax liabilities.

What price per share was used for the Red Rock Resorts (RRR) tax-withholding transaction?

The tax-withholding disposition used a price of $58.81 per share for 4,690 Class A shares. This price is reported on the Form 4 and is used to determine the value of shares applied toward Welch’s vesting-related tax obligations.

What does the F transaction code mean in the Red Rock Resorts (RRR) Form 4?

The F code on the Form 4 indicates payment of an exercise price or tax liability by delivering securities. In this case, it reflects shares withheld by Red Rock Resorts to cover Jeffrey T. Welch’s taxes upon vesting of previously granted restricted shares.