Nichols Kord 4

What Happened

• Nichols Kord, Chief Operating Officer of Red Rock Resorts (RRR), was granted two awards on June 11, 2026: 32,092 restricted shares (reported as acquired at $0.00) and a stock option award covering 65,125 shares (reported as a derivative acquired at $0.00). The Form 4 shows the awards but does not state a cash value for the grants.

Key Details

• Transaction date: June 11, 2026; Form 4 filed June 15, 2026 (timely).
• Reported acquisition price for both items: $0.00 (standard for awards/grants).
• Shares/options granted: 32,092 restricted stock units; 65,125 stock options (derivative).
• Shares owned after the transaction: not specified in this filing.
• Footnotes: F1 — the 32,092 restricted shares vest 25% on each of the first four anniversaries of June 11, 2026, subject to continued service. F2 — the 65,125 stock option award vests 25% on each of the first four anniversaries of June 11, 2026, subject to continued service.
• No 10b5‑1 plan, tax‑withholding sale, or other special codes noted in the provided information.

Context

• These entries are compensation awards under the company's Amended and Restated 2016 Equity Incentive Plan, not open‑market purchases or sales. The option award is a grant (not an exercise), so no immediate cash or share sale occurred. Such grants are common for executive compensation and reflect future service‑based vesting rather than an immediate trading signal.