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Red Rock Resorts, Inc.·4

Jun 15, 8:59 PM ET

FERTITTA FRANK J III 4

4 · Red Rock Resorts, Inc. · Filed Jun 15, 2026

Research Summary

AI-generated summary of this filing

Updated

Red Rock Resorts (RRR) CEO Frank J. Fertitta III Receives Stock Awards

What Happened

  • Frank J. Fertitta III, CEO and a significant beneficial owner of Red Rock Resorts, was granted two awards on June 11, 2026: a restricted stock award for 148,427 shares and a derivative stock option award covering 301,205 shares. Both awards are reported at $0 (awarded, not purchased).
  • Neither award represents a sale or purchase in the open market — these are compensation grants. The restricted shares and the options each vest 25% on each of the first four anniversaries of June 11, 2026, subject to continued service.

Key Details

  • Transaction date: June 11, 2026; Form 4 filed June 15, 2026 (timely within required business-day window).
  • Awards: 148,427 restricted shares (F1) and 301,205-share Stock Option Award (derivative) (F7). Reported acquisition price: $0.
  • Vesting: Both awards vest 25% on each of the first four anniversaries of June 11, 2026, subject to continued service.
  • Beneficial ownership notes: Filing includes extensive disclosure that Fertitta is a director and may be deemed a 10%+ beneficial owner through multiple related entities and trusts (F2–F6). He disclaims beneficial ownership of shares held by those entities except to the extent of any pecuniary interest (F6).
  • Shares owned after transaction: Not specified in the excerpt provided.
  • Filing timeliness: Filed within required timeframe (Form 4 filed June 15 for a June 11 transaction).

Context

  • These awards are compensation (restricted stock and stock options), not purchases or sales; they do not indicate an immediate cash outlay or market transaction.
  • The option award is a grant (not an exercise). Vesting schedule means the economic ownership and potential ability to exercise/sell will phase in over four years, contingent on continued service.

Insider Transaction Report

Form 4
Period: 2026-06-11
Red Rock Resorts, Inc.RRR
FERTITTA FRANK J III
DirectorChief Executive Officer10% 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 total
    Exercise: $62.32Exp: 2036-06-11→ Class A Common Stock (301,205 underlying)
Holdings

  • CLASS A COMMON STOCK

    [F2][F3][F4][F5][F6]
    (indirect: See Footnotes)
    45,273,322
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]Frank J. Fertitta III 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 Frank J. Fertitta III 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 Frank J. Fertitta, III and Jill Ann Fertitta Family Trust (the "F&J Fertitta Family Trust"), a revocable trust established for the benefit of Frank J. Fertitta III and Jill Ann Fertitta and for which Frank J. Fertitta III is co-trustee and has shared investment and voting power, (ii) KVF RRR LLC ("KVF RRR") is an entity managed by Frank J. Fertitta III and is beneficially owned by various trusts established for the benefit of his three children and grandchildren and (iii) the F & J Fertitta Grandchildren's 2020 Irrevocable Trust, an irrevocable trust established for the benefit of the Reporting Person's grandchildren (the "F&J 2020 Trust") for which Lorenzo J. Fertitta Jr., the Reporting Person's nephew, serves as trustee.
  • [F5]Based on the Reporting Person's retained right to remove the trustee of the F&J 2020 Trust, the Reporting Person may be deemed to be a beneficial owner of any shares transferred to the F&J 2020 Trust.
  • [F6]Frank J. Fertitta III 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 F&J Fertitta Family Trust, the KVF RRR, and the F&J 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 Frank J. Fertitta III|2026-06-15

Documents

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    ownership.xmlPrimary

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