Fertitta entity sells call options on 300K WYNN shares

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.

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.

Insider Trade Summary

Net Seller: 300,000 shares

Net Sell 3 txns

Insider FERTITTA TILMAN J, Fertitta Entertainment, Inc., Hospitality Headquarters Inc, Fertitta Entertainment, LLC

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner

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) — 300,000 contracts (Indirect, See footnotes)

Footnotes (2)

1. F1. 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. F2. The options are held of record by Hospitality Headquarters, Inc.

Key Figures

Total underlying shares: 300,000 shares First option tranche premium: $3.8474 per option Second option tranche premium: $4.0665 per option +3 more

6 metrics

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

Key Terms

Call Option (obligation to sell), beneficial ownership, ten percent owner

3 terms

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"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many WYNN shares are subject to the Fertitta-related call options?

The Form 4 shows call options covering 300,000 shares of Wynn Resorts common stock. These are split into three equal tranches of 100,000 underlying shares each, all linked to Hospitality Headquarters Inc.’s derivative positions rather than immediate changes in common stock ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/26/2026 - 04:30 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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)

	Director	X	10% 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
X	Form 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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Call Option (obligation to sell)	$126	06/24/2026		S			100,000	01/29/2027	01/29/2027	Common Stock	100,000	$4.3011	100,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$127	06/24/2026		S			100,000	01/29/2027	01/29/2027	Common Stock	100,000	$4.0665	100,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$128	06/24/2026		S			100,000	01/29/2027	01/29/2027	Common Stock	100,000	$3.8474	100,000	I	See 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

	Director	X	10% 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

	Director	X	10% 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

	Director	X	10% 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

	Director	X	10% 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. Fertitta	06/26/2026
	Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President	06/26/2026
	Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President	06/26/2026
	Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President	06/26/2026
	** Signature of Reporting Person	Date
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)