Nichols Kord 4

What Happened

• Nichols Kord, Chief Operating Officer of Red Rock Resorts (RRR), had 1,303 shares withheld by the company to cover taxes related to vesting of previously granted restricted shares. The withholding was recorded as a disposition at $66.24 per share, totalling approximately $86,311. This is a tax-withholding event (not a market sale or a purchase) and is a routine administrative action.

Key Details

• Transaction date: 2026-02-10; Filing date: 2026-02-12 (appears timely under Form 4 rules).
• Price: $66.24 per share; Total value: ~$86,311.
• Shares involved: 1,303 shares withheld (disposition code F).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: F1 — company withheld these shares to cover applicable taxes upon vesting of restricted shares previously granted.
• Transaction code meaning: F = payment of exercise price or tax liability via share withholding (not an open-market sale).

Context

• This withholding reflects taxes due on vested restricted stock awards and is a common, administrative disposition — it does not necessarily indicate the insider’s view on the company’s stock. Unlike open-market sales or purchases, withheld shares are retained by the company to satisfy tax obligations rather than being sold on the market.