Filing Details

Accession Number:
0000899243-20-023098
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-08-20 18:48:15
Reporting Period:
2020-08-18
Accepted Time:
2020-08-20 18:48:15
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1653653 Red Rock Resorts Inc. RRR () NV
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
942850 J Lorenzo Fertitta C/O Red Rock Resorts, Inc.
1505 South Pavilion Center Drive
Las Vegas NV 89135
Vice President Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2020-08-18 70,000 $16.02 49,333,472 No 4 P Indirect See Footnote
Class A Common Stock Acquisiton 2020-08-18 17,500 $16.02 49,350,972 No 4 P Indirect See Footnote
Class A Common Stock Acquisiton 2020-08-19 2,160 $16.34 49,353,132 No 4 P Indirect See Footnote
Class A Common Stock Acquisiton 2020-08-19 540 $16.34 49,353,672 No 4 P Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
Footnotes
  1. Represents shares of Class A Common Stock acquired by The Lorenzo J. Fertitta and Teresa Jo Fertitta Family Trust (the "L&T Fertitta Family Trust"), a revocable trust established for the benefit of Lorenzo J. Fertitta and Teresa Jo Fertitta and for which Lorenzo J. Fertitta is co-trustee and has shared investment and voting power.
  2. Represents shares of Class A Common Stock acquired by the Frank J. Fertitta, III 2006 Irrevocable Trust (the "FJF Irrevocable Trust"), an irrevocable trust established for the benefit of Frank J. Fertitta III's three children and for which Lorenzo J. Fertitta is trustee and has sole investment and voting power.
  3. Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $15.455 to $16.450.
  4. Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $16.255 to $16.595.
  5. Lorenzo J. Fertitta is a director of the Issuer, and also a beneficial owner of 10% or more of the Issuer's Class A Common Stock (assuming that all of the units of membership interest in Station Holdco LLC (the "LLC Units") beneficially owned by Lorenzo J. Fertitta were exchanged for the Issuer's Class A Common Stock) as a result of his ownership interest in FBM Sub 1 LLC ("FBM Sub 1"), Fertitta Business Management LLC ("FBM") and FI Station Investor LLC ("FI Station"). The LLC Units are exchangeable at any time and from time to time for an equal number of shares of the Issuer's Class A Common Stock or, at the election of the Issuer, cash. The LLC Units have no expiration date.
  6. FI Station is owned by Fertitta Investment LLC ("Fertitta Investment"), KVF Investments, LLC ("KVF") and LNA Investments, LLC ("LNA"). Fertitta Investment is owned by FBM, KVF and LNA. FI Station and Fertitta Investment are managed by Fertitta Holdco LLC, which is owned and managed by Frank J. Fertitta III and Lorenzo J. Fertitta. KVF is managed by Frank J. Fertitta III and is beneficially owned by various trusts established for the benefit of his three children. LNA is managed by Lorenzo J. Fertitta and is beneficially owned by various trusts established for the benefit of his three children. FBM Sub 1 is owned and controlled by FBM. FBM is owned and controlled (i) 50% by the F & J Fertitta Family Business Trust (the "F&J Trust"), a revocable trust for which Frank J. Fertitta III has sole investment and voting power, and (ii) 50% by the L & T Fertitta Family Business Trust (the "L&T Trust"), a revocable trust for which Lorenzo J. Fertitta has sole investment and voting power.
  7. (continued from Footnote 5) Certain Class A Common Stock of the Issuer are held by (i) The Lorenzo J. Fertitta and Teresa Jo Fertitta Family Trust (the "L&T Fertitta Family Trust"), a revocable trust established for the benefit of Lorenzo J. Fertitta and Teresa Jo Fertitta and for which Lorenzo J. Fertitta is co-trustee and has shared investment and voting power, (ii) the Frank J. Fertitta, III 2006 Irrevocable Trust (the "FJF Irrevocable Trust"), an irrevocable trust established for the benefit of Frank J. Fertitta III's three children and for which Lorenzo J. Fertitta is trustee and has sole investment and voting power and (iii) the L & T Fertitta Grandchildren's 2020 Irrevocable Trust, an irrevocable trust established for the benefit of the Reporting Person's grandchildren (the "L&T 2020 Trust") for which Frank J. Fertitta IV, the Reporting Person's nephew, serves as trustee.
  8. (continued from Footnote 6) Based on the Reporting Person's retained right to remove the trustee of the L&T 2020 Trust, the Reporting Person may be deemed to be a beneficial owner of the shares transferred to the L&T 2020 Trust.
  9. Lorenzo J. Fertitta disclaims beneficial ownership of any shares of Class A Common Stock or LLC Units beneficially owned by FI Station, Fertitta Investment, FBM Sub 1, FBM, KVF, LNA, the F&J Trust, the L&T Trust, the L&T Fertitta Family Trust, the FJF Irrevocable Trust, and the L&T 2020 Trust, except to the extent of any pecuniary interest therein.