FERTITTA LORENZO J 4
4 · Red Rock Resorts, Inc. · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Red Rock Resorts (RRR) Director Lorenzo Fertitta Receives Stock Awards
What Happened
Lorenzo J. Fertitta, a director and reported 10% owner of Red Rock Resorts (RRR), received two equity awards on June 11, 2026: 148,427 shares as a restricted stock award and 301,205 shares reported as a derivative award (stock option award). Both awards were granted at $0 (no cash paid) and total 449,632 equity units. These are grants (not open‑market purchases or sales).
Key Details
- Transaction date: 2026-06-11; Form 4 filed 2026-06-15 (the filing date is four days after the grant date and appears outside the usual 2-business-day Form 4 window).
- Awards: 148,427 restricted shares (grant) + 301,205 derivative units (stock option award) — total 449,632 units — granted at $0.
- Vesting: Both the restricted stock award and the stock option award vest 25% on each of the first four anniversaries of June 11, 2026, subject to continued service.
- Shares owned after transaction: Not specified in the provided filing details.
- Insider status & ownership structure: Fertitta is a director and is reported as a beneficial owner of 10%+ of Class A common stock through a complex set of LLCs and trusts (see filing footnotes). He also disclaims beneficial ownership of many shares held by affiliated entities except to the extent of any pecuniary interest.
Context
- These entries are awards/grants (code A) — not exercises or sales. The derivative entry represents an option-style award that vests over four years; no immediate sale or cashless exercise is reported.
- For retail investors: awards are routine equity compensation for executives/directors and do not by themselves signal a buy or sell intent. The vesting schedule means the economic benefit is realized over time and is contingent on continued service.
Insider Transaction Report
Form 4
FERTITTA LORENZO J
DirectorVice President10% Owner
Transactions
- Award
CLASS A COMMON STOCK
[F1]2026-06-11+148,427→ 241,648 total - Award
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
[F7]2026-06-11+301,205→ 301,205 totalExercise: $62.32Exp: 2036-06-11→ Class A Common Stock (301,205 underlying)
Holdings
- 45,273,322(indirect: See Footnotes)
CLASS A COMMON STOCK
[F2][F3][F4][F5][F6]
Footnotes (7)
- [F1]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.
- [F2]Lorenzo J. Fertitta is a director of the Issuer, and also a beneficial owner of 10% or more of the Issuer's Class A Common Stock (assuming that all of the units of membership interest in Station Holdco LLC (the "LLC Units") beneficially owned by Lorenzo J. Fertitta were exchanged for the Issuer's Class A Common Stock) as a result of his ownership interest in FBM Sub 1 LLC ("FBM Sub 1"), Fertitta Business Management LLC ("FBM") and FI Station Investor LLC ("FI Station"). The LLC Units are exchangeable at any time and from time to time for a number of shares of the Issuer's Class A Common Stock at an exchange rate determined in accordance with the Exchange Agreement or, at the election of the Issuer, cash. The LLC Units have no expiration date.
- [F3](Continued from Footnote 2) FI Station is owned by Fertitta Investment LLC ("Fertitta Investment"), KVF Investments, LLC ("KVF") and LNA Investments, LLC ("LNA"). Fertitta Investment is owned by FBM, KVF and LNA. FI Station and Fertitta Investment are managed by Fertitta Holdco LLC, which is owned and managed by Frank J. Fertitta III and Lorenzo J. Fertitta. KVF is managed by Frank J. Fertitta III and is beneficially owned by various trusts established for the benefit of his three children. LNA is managed by Lorenzo J. Fertitta and is beneficially owned by various trusts established for the benefit of his three children. FBM Sub 1 is owned and controlled by FBM. FBM is owned and controlled (i) 50% by the F & J Fertitta Family Business Trust (the "F&J Trust"), a revocable trust for which Frank J. Fertitta III has sole investment and voting power, and (ii) 50% by the L & T Fertitta Family Business Trust (the "L&T Trust"),
- [F4](Continued from Footnote 3) a revocable trust for which Lorenzo J. Fertitta has sole investment and voting power. Certain Class A Common Stock of the Issuer are held by (i) The L&T Fertitta Family Trust, (ii) LNA RRR LLC ("LNA RRR") is an entity managed by Lorenzo J. Fertitta and is beneficially owned by various trusts established for the benefit of his three children and grandchildren, and (iii) the L & T Fertitta Grandchildren's 2020 Irrevocable Trust, an irrevocable trust established for the benefit of the Reporting Person's grandchildren (the "L&T 2020 Trust") for which Frank J. Fertitta IV, the Reporting Person's nephew, serves as trustee.
- [F5]Based on the Reporting Person's retained right to remove the trustee of the L&T 2020 Trust, the Reporting Person may be deemed to be a beneficial owner of the shares transferred to the L&T 2020 Trust.
- [F6]Lorenzo J. Fertitta disclaims beneficial ownership of any shares of Class A Common Stock or LLC Units beneficially owned by FI Station, Fertitta Investment, FBM Sub 1, FBM, KVF, LNA, the F&J Trust, the L&T Trust, the L&T Fertitta Family Trust, the LNA RRR, and the L&T 2020 Trust, except to the extent of any pecuniary interest therein.
- [F7]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.
Signature
By: /s/ Daniel Schafer, Attorney-in-Fact for Lorenzo J. Fertitta|2026-06-15