Jeffrey T. Welch - Feb 16, 2024 Form 4 Insider Report for Red Rock Resorts, Inc. (RRR)

Role: EVP and Chief Legal Officer
Signature: /s/ Jeffrey T. Welch
Stock symbol: RRR
Transactions as of: Feb 16, 2024
Transactions value $: -$230,123
Form type: 4
Date filed: 2/26/2024, 09:45 PM
Previous filing: Feb 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RRR	CLASS A COMMON STOCK	Award	$0	+19.2K	+10.19%	$0.00	208K	Feb 16, 2024	Direct	F1
transaction	RRR	CLASS A COMMON STOCK	Tax liability	-$230K	-3.92K	-1.89%	$58.68	204K	Feb 18, 2024	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RRR	STOCK OPTION	Award	$0	+39.8K		$0.00	39.8K	Feb 16, 2024	CLASS A COMMON STOCK	39.8K	$58.50	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a restricted stock award (the "Restricted Stock Award") pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan. The Restricted Stock Award vests in two equal installments beginning on February 16, 2027, subject to the Reporting Person's continued service with the Issuer.
F2	Represents number of shares withheld by the Issuer to cover applicable taxes upon vesting of restricted shares previously granted.
F3	Represents a stock option award (the "Stock Option Award") pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan. The Stock Option Award vests in three equal annual installments beginning on February 16, 2026, subject to the Reporting Person's continued service with the Issuer.