A Form 4 filed on August 13, 2026 reports that Kord Nichols, Executive Vice President and Chief Operating Officer of Red Rock Resorts, Inc. (NASDAQ:RRR), acquired and then disposed of Class A Common Stock across two consecutive trading days.

Key Highlights

  • Option exercise: Nichols exercised 27,000 employee stock options on August 11, 2026, at an exercise price of $24.98 per share, acquiring 27,000 shares of Class A Common Stock.
  • Tax withholding disposition: 17,209 shares were disposed of on August 11, 2026, at $62.145 per share, coded as an F (tax withholding) transaction.
  • Open-market sale: 9,791 shares were sold on August 12, 2026, at a weighted average price of $62.999, in multiple transactions ranging from $62.96 to $63.02.
  • Remaining direct ownership: Following all reported transactions, Nichols directly held 113,760 shares of Class A Common Stock.
  • Remaining options: Nichols held 81,625 employee stock options with an exercise price of $24.98 and an expiration date of February 18, 2028, after the exercise.
  • Previously vested options: According to the filing, the exercised stock option "previously vested in accordance with the terms of the applicable vesting schedule."

Nichols Executes Three-Step Option Exercise and Share Disposition at Red Rock Resorts

According to the Form 4 filed with the SEC on August 13, 2026, Kord Nichols, identified as EVP and Chief Operating Officer of Red Rock Resorts, Inc., completed a series of transactions involving Class A Common Stock on August 11 and August 12, 2026. The filing was signed by Jeffrey T. Welch as attorney in fact for the reporting person.

On August 11, 2026, Nichols exercised 27,000 employee stock options at a conversion price of $24.98 per share (transaction code M), acquiring 27,000 shares directly. On the same date, 17,209 shares were disposed of at $62.145 per share under transaction code F, which the form designates as shares withheld for tax purposes, reducing his direct holdings to 123,551 shares. The following day, August 12, 2026, Nichols sold an additional 9,791 shares at a weighted average price of $62.999 (transaction code S). The filing notes those shares were sold across multiple transactions at prices ranging from $62.96 to $63.02, and states that full details of shares sold at each price are available upon request to Red Rock Resorts, any security holder, or SEC staff.

After all reported transactions, the filing shows Nichols directly owned 113,760 shares of Class A Common Stock and retained 81,625 employee stock options with an exercise price of $24.98 and an expiration date of February 18, 2028. All ownership reported is direct.

What Was Disclosed

The filing discloses three transactions by Red Rock Resorts COO Kord Nichols: a stock option exercise of 27,000 shares, a tax-withholding disposal of 17,209 shares, and an open-market sale of 9,791 shares, leaving him with 113,760 shares directly owned.