Form 4: Red Rock Resorts Insider's Estate Planning Stock Transfer

Lorenzo J. Fertitta, a director and 10% owner of Red Rock Resorts, Inc., reported an indirect transfer of 200,000 Class A Common Stock shares for estate planning purposes.

Summary

• Lorenzo J. Fertitta, a Director, 10% Owner, and Vice President of Red Rock Resorts, Inc. (RRR), reported a change in beneficial ownership.
• On September 12, 2025, 200,000 shares of Class A Common Stock were disposed of by FJF, LLC and simultaneously acquired by The Frank J. Fertitta, III 2006 Irrevocable Trust.
• The transaction occurred at a price of $61.31 per share.
• This transfer was made for estate planning purposes.
• Following this transaction, Lorenzo J. Fertitta indirectly beneficially owns 47,188,378 shares and directly owns 93,221 shares of Class A Common Stock.
• Lorenzo J. Fertitta serves as trustee for The Frank J. Fertitta, III 2006 Irrevocable Trust and has sole investment and voting power over the acquired shares.
• The filing details a complex structure of entities through which Lorenzo J. Fertitta holds indirect beneficial ownership, including various LLCs and trusts.
• LLC Units beneficially owned by Lorenzo J. Fertitta are exchangeable for Class A Common Stock or cash at the Issuer's election.

Sentiment

Score: 5

Explanation: The filing is a routine compliance report for an insider transaction related to estate planning, which typically carries a neutral sentiment as it does not reflect on the company's operational performance or strategic outlook.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction, focusing solely on a past insider transaction.

Industry Context

This filing pertains to an individual insider's estate planning transaction and does not provide information directly related to broader industry trends or competitive landscape within the gaming and hospitality sector.

Related Party Transactions

• The transaction involves the disposition of shares by FJF, LLC and acquisition by The Frank J. Fertitta, III 2006 Irrevocable Trust, both entities related to the Fertitta family, with Lorenzo J. Fertitta serving as trustee for the acquiring trust.

Stakeholder Impact

• Shareholders: The transaction represents an internal restructuring of beneficial ownership among related entities and is unlikely to have a direct material impact on the company's operations or stock value.
• Management: Reflects ongoing estate planning activities by a key executive and significant shareholder, Lorenzo J. Fertitta.

Key Dates

Keywords

Red Rock Resorts, RRR, Lorenzo Fertitta, Form 4, Beneficial Ownership, Stock Transfer, Estate Planning, Insider Transaction