Red Rock Resorts Chief Legal Officer Sells 9,000 Shares
Jeffrey Welch disposed of $502,920 worth of stock on Sept. 1.
Jeffrey T. Welch, the Executive Vice President and Chief Legal Officer of Red Rock Resorts (RRR), divested 9,000 shares of Class A common stock on September 1st, 2026, according to a recent Securities and Exchange Commission (SEC) Form 4 filing. The transaction's value, calculated using the SEC Form 4's weighted average sale price of $55.88 per share, amounted to $502,320.
Conversely, the post-transaction value, determined by the stock's closing price on September 1st, 2026, at $56.10 per share, valued the sale at $504,900.
Red Rock Resorts, headquartered in the gaming and hospitality industry, employs around 9,500 individuals and generates approximately $2 billion in trailing twelve months (TTM) revenue. The company's diverse portfolio of gaming establishments, spanning both Las Vegas and Native American territories, offers both geographic and operational diversification within the consumer cyclical entertainment sector.
As of September 9th, 2026, Red Rock Resorts' market capitalization stood at $5.7 billion, reflecting investor confidence in the regional gaming market. The company reported a TTM net income of $168.9 million, highlighting its operational profitability across its casino and resort operations.
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