The insider sales are routine and proportionally negligible. No bearish read-through. Monitor next quarterly earnings for operational trends; the cluster does not change the fundamental outlook.
Price Chart
Executive Summary
Two top executives at Red Rock Resorts — the President and the COO — executed open-market sales totaling $2.54M within a week. The COO's sale followed a derivative exercise and tax-withholding event, suggesting a net cash-out. At $6.6B market cap, the sales represent ~0.04% of equity — trivial in proportion and consistent with routine portfolio diversification, not a bearish signal. The cluster is a sell, but the dollar amount is immaterial relative to company size, and the COO's trade is mechanically linked to option exercise and tax withholding, not a discretionary bearish bet.
Key Financial Metrics
Key Facts
- President Scott Kreeger sold 31,200 shares at ~$61.78 for $1.92M on 2026-08-07.
- COO Kord Nichols sold 9,791 shares at ~$63.00 for $617K on 2026-08-12.
- Nichols also exercised 27,000 options at $24.98 ($674K) and surrendered 17,209 shares for tax withholding ($1.07M) on 2026-08-11.
- Total open-market sales of $2.54M represent ~0.04% of RRR's $6.6B market cap — well below the 0.1% materiality threshold.
- The COO's net cash position after the option exercise and sale is essentially flat — the sale is a liquidity event, not a conviction sale.
- Historical calibration shows prior RRR reports had a 50% win rate at T+20 with near-zero average alpha, suggesting limited predictive edge on this ticker.
Financial Impact
Total insider sales of $2.54M, or ~0.04% of market cap — immaterial.
Risk Factors
- Insider sales, while small, could be misinterpreted by retail as a negative signal.
- No material risk — the cluster is non-informative.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RRR-1786691762149 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 13, 2026 7w ago | Insider Cluster | $62.05 $55.90 | ▼ −9.90% | ▼ −8.16% | $50.31 (−18.91%) |
Jun 11, 2026 16w ago | Institutional Cluster | $62.32 $63.49 | ▲ +1.88% | ▼ −0.01% | $50.31 (−19.27%) |
US Market Status
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