Wynn Resorts SEC Filings

Tilman J. Fertitta, a director and 10% owner of Wynn Resorts Ltd (WYNN), reported a derivative transaction tied to 300,000 shares of Wynn common stock. The filing shows a call option (obligation to sell) with a strike price of $135, dated 11/18/2025, covering 300,000 underlying shares and expiring on 06/18/2026. The reported price of the derivative security is $7.5721. The options are held indirectly through Hospitality Headquarters, Inc., and Fertitta may be deemed to share beneficial ownership through his control of Fertitta Entertainment, Inc., Hospitality Headquarters, Inc., and Fertitta Entertainment, LLC.

Wynn Resorts (WYNN) insider activity: Director and 10% owner Tilman J. Fertitta, together with affiliated entities, reported selling exchange-listed call options referencing Wynn common stock on 11/10/2025, 11/11/2025, and 11/12/2025. The trades were recorded as code “S”.

Transactions included call options with strike prices such as $150, $155, and $160 on 11/10/2025 covering 137,000, 137,000, and 136,000 underlying shares, respectively, and a $140 strike on 11/12/2025 covering 280,000 shares. Reported option premiums included $8.7352, $6.1752, $4.9452, and $8.1498. The options are shown as exercisable and expiring on 05/15/2026.

Ownership is listed as indirect, with footnotes stating the options are held of record by Hospitality Headquarters, Inc., and that Mr. Fertitta may be deemed to share beneficial ownership through affiliated entities.

Wynn Resorts (WYNN): Insider derivatives activity disclosed. On 11/05/2025, Tilman J. Fertitta and affiliated reporting persons filed a Form 4 reflecting sales of call options on WYNN conducted indirectly through affiliates.

Transactions: The filing lists three series of call options (each an “obligation to sell”) sold on 11/05/2025: 2,500 contracts at a $150 strike for $8.4435 per option; 2,500 contracts at a $160 strike for $6.3508; and 2,500 contracts at a $170 strike for $4.7449. Each series is exercisable on 06/18/2026 and expires on 06/18/2026, with 250,000 shares of WYNN common stock underlying each series.

Ownership is reported as indirect. Footnotes state Mr. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which owns Hospitality Headquarters, Inc. and indirectly owns Fertitta Entertainment, LLC; the options are held of record by Fertitta Entertainment, LLC.

Wynn Resorts (WYNN) reported Q3 2025 results. Total operating revenue was $1,833,747,000, up from $1,693,323,000 a year ago, driven mainly by casino revenue of $1,174,717,000. Operating income rose to $310,489,000. Net income attributable to Wynn Resorts was $88,341,000, or $0.85 diluted EPS, versus a loss of $32,053,000 last year.

Segment performance showed Adjusted Property EBITDAR of $570,087,000, led by Las Vegas Operations $203,413,000 and Wynn Palace $200,282,000. Cash and cash equivalents were $1,486,291,000, with long‑term debt of $10,563,486,000. The company issued $1.0 billion of 6 3/4% WML Senior Notes due 2034 and redeemed $1.0 billion due 2026, expanded the WM Cayman II revolver to $2.5 billion equivalent, and extended portions of WRF facilities to 2030. Year‑to‑date, WYNN repurchased 4,365,212 shares for $358.2 million and paid quarterly dividends of $0.25 per share; another $0.25 dividend was declared on November 6, 2025.

Wynn Resorts (WYNN) reported it issued a press release announcing results for the quarter ended September 30, 2025, and its Board declared a cash dividend.

The Board approved a $0.25 per share cash dividend, payable on November 26, 2025 to stockholders of record as of November 17, 2025. The earnings press release is furnished as Exhibit 99.1. Information provided under Items 2.02 and 7.01 is being furnished, not filed, under the Exchange Act.

WYNN Resorts (WYNN) insider activity: Tilman J. Fertitta, reporting as a Director and 10% Owner with affiliated entities, filed a Form 4 detailing sales of call options on WYNN common stock on 10/23/2025 and 10/24/2025. Reported strikes included $150, $160, $170, and $200 with expirations on 06/18/2026 and 05/15/2026.

Examples include: on 10/23/2025, call options at a $150 strike for 183,000 underlying shares at a reported option price of $7.8907, and at a $160 strike for 183,000 underlying shares at $5.3878; a $170 strike for 147,000 underlying shares at $4.3071; and a $200 strike for 37,000 underlying shares at $1.9318. On 10/24/2025, trades included a $150 strike for 117,000 underlying shares at $6.0607; $160 for 67,000 at $4.2666; $170 for 53,000 at $2.9963; and $200 for 13,000 at $1.3978.

Ownership is reported as indirect through affiliated entities, with footnotes noting that Mr. Fertitta may be deemed to share beneficial ownership and that the options are held of record by Hospitality Headquarters, Inc.

Jacqui Krum, EVP and General Counsel of Wynn Resorts Ltd (WYNN), reported the disposition of 2,174 shares of common stock on 09/15/2025 at a price of $122.85 per share. Following the transaction, the reporting person beneficially owns 42,068 shares. The filing also shows 3,378 performance share units exercisable/expiring on 01/01/2028 representing an underlying 3,378 shares of common stock. The form states that 2,174 shares were withheld to satisfy tax withholding upon vesting of restricted stock granted on 11/06/2024. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/16/2025.

Patricia Mulroy, a director of Wynn Resorts Ltd (WYNN), reported option exercise and share sale transactions effected under a Rule 10b5-1 trading plan. On 09/02/2025 she exercised 4,438 stock options with an exercise price of $68.25 per share and immediately sold 4,438 shares at $125.00 per share. Following the reported transactions her direct beneficial ownership is reported as 3,066 shares and another line shows 7,504 shares and an indirect holding of 8,385.34 shares associated with a family trust as reported on the form. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan and are signed by an attorney-in-fact.