Red Rock Resorts Chief Legal Officer Sells 9,000 Shares
Jeffrey T. Welch, Executive Vice President and Chief Legal Officer of Red Rock Resorts (NASDAQ: RRR), sold 9,000 shares of Class A common stock on Sept. 1, 2026, according to an SEC Form 4 filing. The transaction was valued at $502,920 based on a weighted average price of $55.88 per share and occurred amid a period where the company's stock had declined by nearly 9%. Welch still holds over 342,000 shares directly after this sale. The insider transaction took place as Red Rock Resorts' shares have underperformed relative to broader market indices like the S&P 500. The company operates a portfolio of gaming and entertainment properties across Las Vegas and Native American territories with $2 billion in trailing twelve-month revenue, but its stock has dropped by more than 10% over the past year.
Tickers: $RRR
Topics: corporate governance executive activity stock transactions