FERTITTA FRANK J III 4

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.