FERTITTA LORENZO J 4

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.