Red Rock Resorts (RRR) President Scott Kreeger Exercises Options, Sells Shares

What Happened

• Scott Kreeger, President of Red Rock Resorts (RRR), exercised a total of 175,000 stock options on 2026-08-06 (two option lots: 46,400 @ $42.56 and 128,600 @ $44.19) for a combined exercise cost of $7,657,618.
• Of the 175,000 shares acquired by exercise, 143,841 shares were surrendered/withheld to cover the exercise price and/or tax liability (reported value $8,910,231) and 31,159 shares were sold in the open market on 2026-08-07 for a weighted average price of $61.78, generating $1,924,910.
• Net effect (proceeds from withheld shares + open sale minus exercise cost) is roughly +$3.18M in cash value to the reporting person. This pattern—exercising vested options and withholding/selling shares to cover costs/taxes—is commonly a routine, non-investment-motivated transaction.

Key Details

• Transaction dates: options exercised 2026-08-06; open-market sale 2026-08-07.
• Exercise details: 46,400 shares @ $42.56 ($1,974,784) and 128,600 shares @ $44.19 ($5,682,834).
• Withheld for exercise/taxes: 143,841 shares valued at $61.95 ($8,910,231) (code F).
• Open-market sale: 31,159 shares at a weighted average $61.78 (range $61.38–$62.27 per footnote) for $1,924,910 (code S).
• Footnotes: F1 indicates the options had previously vested per the vesting schedule; F2 notes the reported sale price is a weighted average and the shares were sold at prices between $61.38 and $62.27.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Timeliness: Report filed 2026-08-10 for transactions on 2026-08-06–07; filing appears timely under Form 4 rules (filed within the required business-day window).

Context

• These were option exercises (transaction code M) followed by share withholding to cover exercise/taxes (code F) and a small open-market sale (code S). That combination is a typical “cashless” or net exercise approach and is generally routine—does not by itself indicate a change in insider sentiment.
• For retail investors, purchases are usually more informative than routine exercises with withholding/sales. This filing documents compensation-related activity rather than a straightforward buy signal.