STOCK TITAN

Fertitta-linked entity sells WYNN (WYNN) call options on 300,000 shares

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Hospitality Headquarters Inc., an entity associated with Tilman J. Fertitta, sold call options with an obligation to sell a total of 300,000 shares of Wynn Resorts common stock. The Form 4 shows three open-market sales of 100,000 call options each on June 24, 2026, with strike prices of $126, $127, and $128 per share, all expiring on January 29, 2027. Premiums received per option were between about $3.85 and $4.30. Fertitta may be deemed to share beneficial ownership through his control of the related entities.

Positive

  • None.

Negative

  • None.
Insider FERTITTA TILMAN J, Fertitta Entertainment, Inc., Hospitality Headquarters Inc, Fertitta Entertainment, LLC
Role null | null | null | null
Sold 300,000 shs ($1.22M)
Type Security Shares Price Value
Sale Call Option (obligation to sell) 100,000 $4.3011 $430K
Sale Call Option (obligation to sell) 100,000 $4.0665 $407K
Sale Call Option (obligation to sell) 100,000 $3.8474 $385K
Holdings After Transaction: Call Option (obligation to sell) — 100,000 shares (Indirect, See footnotes)
Footnotes (1)
  1. Mr. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which is the sole shareholder of Hospitality Headquarters, Inc. and the sole indirect owner of Fertitta Entertainment, LLC. As such, Mr. Fertitta may be deemed to share beneficial ownership of the securities held of record by Fertitta Entertainment, Inc., Hospitality Headquarters, Inc. and Fertitta Entertainment, LLC. The options are held of record by Hospitality Headquarters, Inc.
Total underlying shares 300,000 shares Underlying Wynn Resorts common stock for call options sold
First option tranche premium $3.8474 per option 100,000 call options sold on June 24, 2026, strike $128
Second option tranche premium $4.0665 per option 100,000 call options sold on June 24, 2026, strike $127
Third option tranche premium $4.3011 per option 100,000 call options sold on June 24, 2026, strike $126
Option strike prices $126, $127, $128 Exercise prices per share for WYNN call options
Option expiration date January 29, 2027 Expiration for all reported WYNN call option tranches
Call Option (obligation to sell) financial
"security_title: Call Option (obligation to sell)"
beneficial ownership financial
"Mr. Fertitta may be deemed to share beneficial ownership of the securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
ten percent owner financial
"reporting persons are flagged as is_ten_percent_owner: 1"
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
FERTITTA TILMAN J

(Last)(First)(Middle)
C/O FERTITTA ENTERTAINMENT, INC.
1510 WEST LOOP SOUTH

(Street)
HOUSTON TEXAS 77027

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
WYNN RESORTS LTD [ WYNN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Call Option (obligation to sell)$12606/24/2026S100,00001/29/202701/29/2027Common Stock100,000$4.3011100,000ISee footnotes(1)(2)
Call Option (obligation to sell)$12706/24/2026S100,00001/29/202701/29/2027Common Stock100,000$4.0665100,000ISee footnotes(1)(2)
Call Option (obligation to sell)$12806/24/2026S100,00001/29/202701/29/2027Common Stock100,000$3.8474100,000ISee footnotes(1)(2)
1. Name and Address of Reporting Person*
FERTITTA TILMAN J

(Last)(First)(Middle)
C/O FERTITTA ENTERTAINMENT, INC.
1510 WEST LOOP SOUTH

(Street)
HOUSTON TEXAS 77027

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Fertitta Entertainment, Inc.

(Last)(First)(Middle)
1510 WEST LOOP SOUTH

(Street)
HOUSTON TEXAS 77027

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Hospitality Headquarters Inc

(Last)(First)(Middle)
C/O FERTITTA ENTERTAINMENT, INC.
1510 WEST LOOP SOUTH

(Street)
HOUSTON TEXAS 77027

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Fertitta Entertainment, LLC

(Last)(First)(Middle)
C/O FERTITTA ENTERTAINMENT, INC.
1510 WEST LOOP SOUTH

(Street)
HOUSTON TEXAS 77027

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. Mr. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which is the sole shareholder of Hospitality Headquarters, Inc. and the sole indirect owner of Fertitta Entertainment, LLC. As such, Mr. Fertitta may be deemed to share beneficial ownership of the securities held of record by Fertitta Entertainment, Inc., Hospitality Headquarters, Inc. and Fertitta Entertainment, LLC.
2. The options are held of record by Hospitality Headquarters, Inc.
/s/ Tilman J. Fertitta06/26/2026
Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President06/26/2026
Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President06/26/2026
Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President06/26/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did WYNN ten percent owner entities report?

Entities associated with Tilman J. Fertitta reported selling call options tied to 300,000 WYNN shares. The options obligate them to sell Wynn Resorts common stock if exercised before expiration, representing a sizable derivative position rather than a direct share sale.

Who actually holds the WYNN options reported in the Fertitta Form 4?

The options are held of record by Hospitality Headquarters Inc., an entity indirectly controlled by Tilman J. Fertitta. Fertitta may be deemed to share beneficial ownership through Fertitta Entertainment, Inc. and Fertitta Entertainment, LLC, according to the Form 4 footnotes.

What are the strike and premium levels of the WYNN call options sold?

The Form 4 discloses call options with strike prices of $126, $127, and $128 per WYNN share. Premiums received per option sale were approximately $3.85, $4.07, and $4.30, reflecting different pricing for each strike level on the same trading date.

When do the WYNN call options sold by Hospitality Headquarters expire?

All three tranches of call options reported in the Form 4 share the same expiration date of January 29, 2027. This means option holders can choose to exercise their right to buy Wynn Resorts shares at the agreed strike prices until that date.