SC 13D/A 1 d792047dsc13da.htm SC 13D/A SC 13D/A

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

(Amendment No. 4)

UNDER THE SECURITIES EXCHANGE ACT OF 1934*

 

 

Red Rock Resorts, Inc.

(Name of Issuer)

 

 

Common A Common Stock, par value $0.01

(Title of Class of Securities)

75700L108

(CUSIP Number)

Frank J. Fertitta III

1505 South Pavilion Center Drive

Las Vegas, Nevada 89135

(702) 495-3000

with a copy to:

Deborah J. Conrad, Esq.

Milbank LLP

2029 Century Park East, 33rd Floor

Los Angeles, California 90067

(424) 386-4000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

August 23, 2019

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box:  ☐

 

 

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be sent.

 

 

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 2 of 21 Pages

 

  (1)   

Name of reporting person

 

Fertitta Business Management LLC

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Nevada

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

28,208,745

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

28,208,745

(11)   

Aggregate amount beneficially owned by each reporting person

 

28,208,745

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

(13)   

Percent of class represented by amount in row (11)

 

28.63%

(14)   

Type of reporting person (see instructions)

 

OO (Limited Liability Company)

 

2


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 3 of 21 Pages

 

  (1)   

Name of reporting person

 

FI Station Investor LLC

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

22,656,184

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

22,656,184

(11)   

Aggregate amount beneficially owned by each reporting person

 

22,656,184

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

(13)   

Percent of class represented by amount in row (11)

 

24.38%

(14)   

Type of reporting person (see instructions)

 

OO (Limited Liability Company)

 

3


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 4 of 21 Pages

 

  (1)   

Name of reporting person

 

FBM Sub 1 LLC

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

6,000,000

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

6,000,000

(11)   

Aggregate amount beneficially owned by each reporting person

 

6,000,000

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

(13)   

Percent of class represented by amount in row (11)

 

7.86%

(14)   

Type of reporting person (see instructions)

 

OO (Limited Liability Company)

 

4


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 5 of 21 Pages

 

  (1)   

Name of reporting person

 

The Frank J. Fertitta, III and Jill Ann Fertitta Family Trust

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Nevada

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

1,354,239

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

1,354,239

(11)   

Aggregate amount beneficially owned by each reporting person

 

1,354,239

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

(13)   

Percent of class represented by amount in row (11)

 

1.93%

(14)   

Type of reporting person (see instructions)

 

OO (Trust)

 

5


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 6 of 21 Pages

 

  (1)   

Name of reporting person

 

The Lorenzo J. Fertitta and Teresa Jo Fertitta Family Trust

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Nevada

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

1,354,239

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

1,354,239

(11)   

Aggregate amount beneficially owned by each reporting person

 

1,354,239

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

(13)   

Percent of class represented by amount in row (11)

 

1.93%

(14)   

Type of reporting person (see instructions)

 

OO (Trust)

 

6


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 7 of 21 Pages

 

  (1)   

Name of reporting person

 

Frank J. Fertitta, III 2006 Irrevocable Trust

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Nevada

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

338,559

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

338,559

(11)   

Aggregate amount beneficially owned by each reporting person

 

338,559

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

(13)   

Percent of class represented by amount in row (11)

 

0.48%

(14)   

Type of reporting person (see instructions)

 

OO (Trust)

 

7


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 8 of 21 Pages

 

  (1)   

Name of reporting person

 

Lorenzo J. Fertitta 2006 Irrevocable Trust

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Nevada

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

338,560

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

338,560

(11)   

Aggregate amount beneficially owned by each reporting person

 

338,560

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

(13)   

Percent of class represented by amount in row (11)

 

0.48%

(14)   

Type of reporting person (see instructions)

 

OO (Trust)

 

8


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 9 of 21 Pages

 

  (1)   

Name of reporting person

 

Fertitta Holdco LLC

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

22,656,184

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

22,656,184

(11)   

Aggregate amount beneficially owned by each reporting person

 

22,656,184

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

(13)   

Percent of class represented by amount in row (11)

 

24.38%

(14)   

Type of reporting person (see instructions)

 

OO (Limited Liability Company)

 

9


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 10 of 21 Pages

 

  (1)   

Name of reporting person

 

Fertitta Investment LLC

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  ☐

  (6)  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

20,906,616

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

20,906,616

(11)   

Aggregate amount beneficially owned by each reporting person

 

20,906,616

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

  ☐

(13)   

Percent of class represented by amount in row (11)

 

22.92%

(14)   

Type of reporting person (see instructions)

 

OO (Limited Liability Company)

 

10


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 11 of 21 Pages

 

  (1)   

Name of reporting person

 

KVF Investments, LLC

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Nevada

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

8,609,629

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

8,609,629

(11)   

Aggregate amount beneficially owned by each reporting person

 

8,609,629

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

(13)   

Percent of class represented by amount in row (11)

 

10.91%

(14)   

Type of reporting person (see instructions)

 

OO (Limited Liability Company)  

 

11


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 12 of 21 Pages

 

  (1)   

Name of reporting person

 

LNA Investments, LLC

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Nevada

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

8,609,629

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

8,609,629

(11)   

Aggregate amount beneficially owned by each reporting person

 

8,609,629

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

(13)   

Percent of class represented by amount in row (11)

 

10.91%

(14)   

Type of reporting person (see instructions)

 

OO (Limited Liability Company)  

 

12


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 13 of 21 Pages

 

  (1)   

Name of reporting person

 

F & J Fertitta Family Business Trust

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Nevada

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

14,104,372

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

14,104,372

(11)   

Aggregate amount beneficially owned by each reporting person

 

14,104,372

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

(13)   

Percent of class represented by amount in row (11)

 

16.71%

(14)   

Type of reporting person (see instructions)

 

OO (Trust)

 

13


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 14 of 21 Pages

 

  (1)   

Name of reporting person

 

L & T Fertitta Family Business Trust

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Nevada

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

14,104,372

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

14,104,372

(11)   

Aggregate amount beneficially owned by each reporting person

 

14,104,372

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

(13)   

Percent of class represented by amount in row (11)

 

16.71%

(14)   

Type of reporting person (see instructions)

 

OO (Trust)

 

14


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 15 of 21 Pages

 

  (1)   

Name of reporting person

 

Frank J. Fertitta III

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

U.S.A.

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

47,120,802

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

47,120,802

(11)   

Aggregate amount beneficially owned by each reporting person

 

47,120,802

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

(13)   

Percent of class represented by amount in row (11)

 

40.72%

(14)   

Type of reporting person (see instructions)

 

IN

 

15


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 16 of 21 Pages

 

  (1)   

Name of reporting person

 

Lorenzo J. Fertitta

  (2)  

Check the appropriate box if a member of a group

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Source of funds

 

OO (See Item 3)

  (5)  

Check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

U.S.A.

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

47,120,801

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

47,120,801

(11)   

Aggregate amount beneficially owned by each reporting person

 

47,120,801

(12)   

Check box if the aggregate amount in row (11) excludes certain shares

 

(13)   

Percent of class represented by amount in row (11)

 

40.72%

(14)   

Type of reporting person (see instructions)

 

IN

 

16


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 17 of 21 Pages

 

EXPLANATORY NOTE

This Amendment No. 4 to Schedule 13D (this “Amendment No. 4”) amends and supplements the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on May 12, 2016 (the “Original Schedule 13D”), as amended by Amendment No. 1 to Schedule 13D filed with the SEC on May 20, 2016 (“Amendment No. 1), as amended by Amendment No. 2 to Schedule 13D filed with the SEC on August 12, 2019 (“Amendment No. 2”), as amended by Amendment No. 3 to Schedule 13D filed with the SEC on August 16, 2019 (“Amendment No. 3”, and together with the Original Schedule 13D, Amendment No. 1 and Amendment No. 2, the “Schedule 13D”), as specifically set forth herein. Capitalized terms used but not defined in this Amendment No. 4 have the meanings given to such terms in the Original Schedule 13D, Amendment No. 1, Amendment No. 2 and Amendment No. 3, as the case may be.

Item 2. Identity and Background

The second paragraph of Item 2(a) is amended and restated to read as follows:

As of the date of this statement, (i) FI Station is the record owner of 42,199 shares of Class A Common Stock, 22,613,985 shares of Class B Common Stock and 22,613,985 LLC Units, (ii) FBM Sub 1 is the record owner of 6,000,000 shares of Class B Common Stock and 6,000,000 LLC Units; (iii) FBM is the record owner of 16,771,819 shares of Class B Common Stock and 16,771,819 LLC Units, (iv) the F&J Fertitta Family Trust is the record owner of 1,354,239 shares of Class A Common Stock, (v) the L&T Fertitta Family Trust is the record owner of 1,354,239 shares of Class A Common Stock, (vi) the FJF Irrevocable Trust is the record owner of 338,559 shares of Class A Common Stock, and (vii) the LJF Irrevocable Trust is the record owner of 338,560 shares of Class A Common Stock. FI Station’s principal business is to invest in the equity securities of Holdco and the Issuer. FBM Sub 1’s principal business is to hold securities of Holdco and the Issuer. FBM’s principal business is to invest in the equity securities of Holdco and the Issuer as well as other business enterprises of Frank J. Fertitta, III and Lorenzo J. Fertitta. The principal business of each of the F&J Fertitta Family Trust, L&T Fertitta Family Trust, FJF Irrevocable Trust and LJF Irrevocable Trust is to hold assets for its beneficiaries. Fertitta Investment is the majority member of FI Station, and Fertitta Investments’ principal business is to act as such. KVF and LNA are members of FI Station and Fertitta Investment and their principal business is to invest in the equity securities of the Issuer and Holdco as well as other business enterprises of Frank J. Fertitta III and Lorenzo J. Fertitta. The F&J Trust and the L&T Trust are the members of FBM and their principal business is to invest in the equity securities of the Issuer and Holdco as well as other business enterprises of Frank J. Fertitta III and Lorenzo J. Fertitta. Fertitta Holdco is the manager of FI Station and Fertitta Investment and its principal business is to manage FI Station and Fertitta Investment and other business enterprises of Frank J. Fertitta III and Lorenzo J. Fertitta.

Item 3. Source and Amount of Funds or Other Consideration

Item 3 is amended by adding the following paragraph:

Between August 19, 2019 and August 23, 2019, the F&J Fertitta Family Trust, the L&T Fertitta Family Trust, the FJF Irrevocable Trust and the LJF Irrevocable Trust purchased an aggregate of 1,136,897 shares of Class A Common Stock for aggregate consideration of $21,978,275 (inclusive of broker fees). The purchases are funded primarily with separate loans to each of the F&J Fertitta Family Trust, the L&T Fertitta Family Trust, the FJF Irrevocable Trust and the LJF Irrevocable Trust (each, a “Trust Direct Stockholder”) from a limited partnership in which each of the Trust Direct Stockholders is a limited partner, as well as from cash on hand. See Item 6 below.

Item 5. Interest in Securities of the Issuer

Item 5(a) and (b) are amended and restated to read as follows:

(a) and (b) The following table sets forth the aggregate number and percentage of the Class A Common Stock beneficially owned by each Reporting Person (based on 70,328,141 shares of Class A Common Stock outstanding as of July 31, 2019). The aggregate number and percentage of the Class A Common Stock beneficially owned by each Reporting Person is calculated in accordance with Rule 13d-3.

 

17


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 18 of 21 Pages

 

Reporting Person

   Number of Shares
Beneficially Owned
     Percentage of Class
A Common Stock
Outstanding(1)
 

FBM

     28,208,745        28.63

FI Station

     22,656,184        24.38

FBM Sub 1

     6,000,000        7.86

F&J Fertitta Family Trust

     1,354,239        1.93

L&T Fertitta Family Trust

     1,354,239        1.93

FJF Irrevocable Trust

     338,559        0.48

LJF Irrevocable Trust

     338,560        0.48

Fertitta Holdco

     22,656,184        24.38

Fertitta Investment

     20,906,616        22.92

KVF

     8,609,629        10.91

LNA

     8,609,629        10.91

F&J Trust

     14,104,372        16.71

L&T Trust

     14,104,372        16.71

Frank J. Fertitta III

     47,120,802        40.72

Lorenzo J. Fertitta

     47,120,801        40.72

Total for Group

     48,813,600        42.18

 

(1)

Based on the number of shares of Class A Common Stock (70,328,141) issued and outstanding as of July 31, 2019, and assuming all outstanding LLC Units beneficially owned by the Reporting Person were exchanged for newly-issued shares of Class A Common Stock on a one-for-one basis.

Item 5(c) is amended and restated to read as follows:

(c) The following table sets forth all transactions in the Class A Common Stock effected by the Reporting Persons in the past sixty days. All such transactions were effected in the open market through a broker, and the prices exclude commissions.

 

Reporting Person

  

Trade Date

   Shares Purchased      Weighted Average
Price per Share ($)
     Low Price
per Share ($)
     High Price
per Share ($)
 

F&J Fertitta Family Trust

   August 8, 2019      144,238        18.148        17.600        18.595  

F&J Fertitta Family Trust

   August 8, 2019      135,762        18.696        18.600        18.870  

F&J Fertitta Family Trust

   August 9, 2019      328,000        18.969        18.525        19.200  

F&J Fertitta Family Trust

   August 14, 2019      146,000        18.839        18.440        19.050  

F&J Fertitta Family Trust

   August 15, 2019      40,800        17.988        17.920        18.020  

F&J Fertitta Family Trust

   August 16, 2019      104,680        18.499        17.995        18.965  

F&J Fertitta Family Trust

   August 19, 2019      640        19.576        19.520        19.620  

F&J Fertitta Family Trust

   August 21, 2019      10,000        19.600        19.600        19.600  

F&J Fertitta Family Trust

   August 23, 2019      444,119        19.295        19.100        19.730  

L&T Fertitta Family Trust

   August 8, 2019      144,238        18.148        17.600        18.595  

L&T Fertitta Family Trust

   August 8, 2019      135,762        18.696        18.600        18.870  

L&T Fertitta Family Trust

   August 9, 2019      328,000        18.969        18.525        19.200  

 

18


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 19 of 21 Pages

 

L&T Fertitta Family Trust

   August 14, 2019      146,000        18.839        18.440        19.050  

L&T Fertitta Family Trust

   August 15, 2019      40,800        17.988        17.920        18.020  

L&T Fertitta Family Trust

   August 16, 2019      104,680        18.499        17.995        18.965  

L&T Fertitta Family Trust

   August 19, 2019      640        19.576        19.520        19.620  

L&T Fertitta Family Trust

   August 21, 2019      10,000        19.600        19.600        19.600  

L&T Fertitta Family Trust

   August 23, 2019      444,119        19.295        19.100        19.730  

FJF Irrevocable Trust

   August 8, 2019      36,060        18.148        17.600        18.595  

FJF Irrevocable Trust

   August 8, 2019      33,940        18.696        18.600        18.870  

FJF Irrevocable Trust

   August 9, 2019      82,000        18.969        18.525        19.200  

FJF Irrevocable Trust

   August 14, 2019      36,500        18.839        18.440        19.050  

FJF Irrevocable Trust

   August 15, 2019      10,200        17.988        17.920        18.020  

FJF Irrevocable Trust

   August 16, 2019      26,170        18.499        17.995        18.965  

FJF Irrevocable Trust

   August 19, 2019      160        19.576        19.520        19.620  

FJF Irrevocable Trust

   August 21, 2019      2,500        19.600        19.600        19.600  

FJF Irrevocable Trust

   August 23, 2019      111,029        19.295        19.100        19.730  

LJF Irrevocable Trust

   August 8, 2019      36,060        18.148        17.600        18.595  

LJF Irrevocable Trust

   August 8, 2019      33,940        18.696        18.600        18.870  

LJF Irrevocable Trust

   August 9, 2019      82,000        18.969        18.525        19.200  

LJF Irrevocable Trust

   August 14, 2019      36,500        18.839        18.440        19.050  

LJF Irrevocable Trust

   August 15, 2019      10,200        17.988        17.920        18.020  

LJF Irrevocable Trust

   August 16, 2019      26,170        18.499        17.995        18.965  

LJF Irrevocable Trust

   August 19, 2019      160        19.576        19.520        19.620  

LJF Irrevocable Trust

   August 21, 2019      2,500        19.600        19.600        19.600  

LJF Irrevocable Trust

   August 23, 2019      111,030        19.295        19.100        19.730  

 

19


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 20 of 21 Pages

 

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6 is amended by adding the following:

On August 20, 2019, each of the Trust Direct Stockholders and the Lender converted each of the Promissory Notes previously issued by such Trust Direct Stockholder to the Lender into a single Secured Demand Grid Promissory Note (each, a “Grid Note” and collectively the “Grid Notes”). Each such Grid Note provided for the same terms as the Promissory Notes previously issued by the applicable Trust Direct Stockholder to the Lender.

Upon settlement of the Class A Common Stock purchased on August 19, 2019, August 21, 2019 and August 23, 2019, each Grid Note was or will be amended to include the loans issued under such Grid Note, which loans funded or will fund substantially all of the purchase price for such purchases.

The foregoing summary of the Grid Notes does not purport to be complete, and is qualified in its entirety by reference to the Grid Notes filed herewith as Exhibits 17 through 20 and incorporated herein by reference.

Item 7. Material to be Filed as Exhibits

 

Exhibit

  

Description

Exhibit 1    Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (incorporated by reference to Exhibit 22 to Amendment No. 2 to the Schedule 13D filed by certain of the Reporting Persons on August 12, 2019).
Exhibit 2    Power of Attorney for Frank J. Fertitta III (incorporated by reference to Exhibit 1 to Amendment No. 1 to the Schedule 13D filed by certain of the Reporting Persons on May 20, 2016).
Exhibit 3    Power of Attorney for Fertitta Business Management LLC (incorporated by reference to Exhibit 2 to Amendment No. 1 to the Schedule 13D filed by certain of the Reporting Persons on May 20, 2016).
Exhibit 4    Power of Attorney for FI Station Investor LLC (incorporated by reference to Exhibit 3 to Amendment No. 1 to the Schedule 13D filed by certain of the Reporting Persons on May 20, 2016).
Exhibit 5    Power of Attorney for Fertitta Investment LLC (incorporated by reference to Exhibit 4 to Amendment No. 1 to the Schedule 13D filed by certain of the Reporting Persons on May 20, 2016).
Exhibit 6    Power of Attorney for KVF Investments, LLC (incorporated by reference to Exhibit 5 to Amendment No. 1 to the Schedule 13D filed by certain of the Reporting Persons on May 20, 2016).
Exhibit 7    Power of Attorney for LNA Investments, LLC (incorporated by reference to Exhibit 7 to Amendment No. 1 to the Schedule 13D filed by certain of the Reporting Persons on May 20, 2016).
Exhibit 8    Power of Attorney for F & J Fertitta Family Business Trust (incorporated by reference to Exhibit 8 to Amendment No. 1 to the Schedule 13D filed by certain of the Reporting Persons on May 20, 2016).
Exhibit 9    Power of Attorney for L & T Fertitta Family Business Trust (incorporated by reference to Exhibit 9 to Amendment No. 1 to the Schedule 13D filed by certain of the Reporting Persons on May 20, 2016).
Exhibit 10    Power of Attorney for Lorenzo J. Fertitta (incorporated by reference to Exhibit 10 to Amendment No. 1 to the Schedule 13D filed by certain of the Reporting Persons on May 20, 2016).
Exhibit 11    Power of Attorney for Fertitta Holdco LLC (incorporated by reference to Exhibit 11 to Amendment No. 1 to the Schedule 13D filed by certain of the Reporting Persons on May 20, 2016).

 

20


SCHEDULE 13D

 

CUSIP No. 75700L108       Page 21 of 21 Pages

 

Exhibit 12    Power of Attorney for The Frank J. Fertitta, III and Jill Ann Fertitta Family Trust (incorporated by reference to Exhibit 11 to Amendment No. 2 to the Schedule 13D filed by certain of the Reporting Persons on August 12, 2019).
Exhibit 13    Power of Attorney for The Lorenzo J. Fertitta and Teresa Jo Fertitta Family Trust (incorporated by reference to Exhibit 12 to Amendment No. 2 to the Schedule 13D filed by certain of the Reporting Persons on August 12, 2019).
Exhibit 14    Power of Attorney for Frank J. Fertitta, III 2006 Irrevocable Trust (incorporated by reference to Exhibit 13 to Amendment No. 2 to the Schedule 13D filed by certain of the Reporting Persons on August 12, 2019).
Exhibit 15    Power of Attorney for Lorenzo J. Fertitta 2006 Irrevocable Trust (incorporated by reference to Exhibit 14 to Amendment No. 2 to the Schedule 13D filed by certain of the Reporting Persons on August 12, 2019).
Exhibit 16    Power of Attorney for FBM Sub 1 LLC (incorporated by reference to Exhibit 15 to Amendment No. 2 to the Schedule 13D filed by certain of the Reporting Persons on August 12, 2019).
Exhibit 17    Secured Demand Grid Promissory Note, dated August 20, 2019, issued by Lorenzo J. Fertitta 2006 Irrevocable Trust to Victoria Partners, Limited Partnership.
Exhibit 18    Secured Demand Grid Promissory Note, dated August 20, 2019, issued by The Frank J. Fertitta, III and Jill Ann Fertitta Family Trust to Victoria Partners, Limited Partnership.
Exhibit 19    Secured Demand Grid Promissory Note, dated August 20, 2019, issued by The Lorenzo J. Fertitta and Teresa Jo Fertitta Family Trust to Victoria Partners, Limited Partnership.
Exhibit 20    Secured Demand Grid Promissory Note, dated August 20, 2019, issued by Frank J. Fertitta, III 2006 Irrevocable Trust to Victoria Partners, Limited Partnership.

 

21


SIGNATURES

After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct.

Dated: August 26, 2019

 

Fertitta Business Management LLC
By:  

/s/ John Hertig

  Name:   John Hertig
  Title:   Attorney-in-Fact
FI Station Investor LLC
By:  

/s/ John Hertig

  Name:   John Hertig
  Title:   Attorney-in-Fact
FBM Sub 1 LLC
By:  

/s/ John Hertig

  Name:   John Hertig
  Title:   Attorney-in-Fact
The Frank J. Fertitta, III and Jill Ann Fertitta Family Trust
By:  

/s/ John Hertig

  Name:   John Hertig
  Title:   Attorney-in-Fact
The Lorenzo J. Fertitta and Teresa Jo Fertitta Family Trust
By:  

/s/ John Hertig

  Name:   John Hertig
  Title:   Attorney-in-Fact
Frank J. Fertitta, III 2006 Irrevocable Trust
By:  

/s/ John Hertig

  Name:   John Hertig
  Title:   Attorney-in-Fact
Lorenzo J. Fertitta 2006 Irrevocable Trust
By:  

/s/ John Hertig

  Name:   John Hertig
  Title:   Attorney-in-Fact
Fertitta Investment LLC
By:  

/s/ John Hertig

  Name:   John Hertig
  Title:   Attorney-in-Fact


Fertitta Holdco LLC
By:   /s/ John Hertig
  Name:   John Hertig
  Title:   Attorney-in-Fact
LNA Investments, LLC
By:   /s/ John Hertig
  Name:   John Hertig
  Title:   Attorney-in-Fact
KVF Investments, LLC
By:   /s/ John Hertig
  Name:   John Hertig
  Title:   Attorney-in-Fact
F & J Fertitta Family Business Trust
By:   /s/ John Hertig
  Name:   John Hertig
  Title:   Attorney-in-Fact
L & T Fertitta Family Business Trust
By:   /s/ John Hertig
  Name:   John Hertig
  Title:   Attorney-in-Fact
/s/ John Hertig as Attorney-in-Fact
Frank J. Fertitta III
/s/ John Hertig as Attorney-in-Fact
Lorenzo J. Fertitta