Form 4: Red Rock Resorts COO Sells Shares for Tax Obligations

Red Rock Resorts' EVP & Chief Operating Officer, Kord Nichols, disposed of 1,303 shares of Class A Common Stock to cover tax liabilities related to restricted stock vesting.

Summary

• Kord Nichols, EVP & Chief Operating Officer of Red Rock Resorts, Inc. (RRR), reported a transaction on February 10, 2026.
• The transaction involved the disposition of 1,303 shares of Class A Common Stock.
• These shares were withheld by the company to cover applicable taxes upon the vesting of previously granted restricted shares.
• The price per share for the disposition was $66.24.
• Following this transaction, Kord Nichols beneficially owns 85,733 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the disposition of shares is a standard procedure for covering tax liabilities associated with restricted stock vesting, not a discretionary sale.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine tax-related dispositions by executives are common and typically do not signal a change in management's confidence in the company's future, unlike open market sales.

Related Party Transactions

• Kord Nichols, EVP & Chief Operating Officer, had 1,303 shares withheld by Red Rock Resorts, Inc. to cover tax obligations related to the vesting of restricted stock, a common practice in executive equity compensation.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in management's view of the company's prospects.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary disposition of shares by an executive to cover tax liabilities upon restricted stock vesting. It does not provide new information that would alter the fundamental investment thesis for Red Rock Resorts, Inc., thus a 'hold' recommendation remains appropriate.

Keywords

Red Rock Resorts, RRR, Kord Nichols, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock, Executive Compensation