Hospitality Headquarters sells WYNN (WYNN) call options at $130–$150 strikes

Rhea-AI Filing Summary

Entities associated with Tilman J. Fertitta, reported as 10% owners of Wynn Resorts Ltd, reported selling derivative positions tied to the company’s stock. On 02/09/2026, they sold call options, each covering 100,000 shares of common stock, with strike prices of $130, $135, $140, $145, and $150, all expiring on 08/28/2026. Reported sale prices for these options ranged from $6.8001 to $2.6092 per option. The options are held of record by Hospitality Headquarters, Inc., and Mr. Fertitta may be deemed to share beneficial ownership through Fertitta Entertainment, Inc. and related entities.

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

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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 TX 77027

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

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)	$130	02/09/2026		S			100,000	08/28/2026	08/28/2026	Common Stock	100,000	$6.8001	100,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$135	02/09/2026		S			100,000	08/28/2026	08/28/2026	Common Stock	100,000	$5.2728	100,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$140	02/09/2026		S			100,000	08/28/2026	08/28/2026	Common Stock	100,000	$4.3251	100,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$145	02/09/2026		S			100,000	08/28/2026	08/28/2026	Common Stock	100,000	$3.2973	100,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$150	02/09/2026		S			100,000	08/28/2026	08/28/2026	Common Stock	100,000	$2.6092	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 TX 77027

(City) (State) (Zip)

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 TX 77027

(City) (State) (Zip)

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 TX 77027

(City) (State) (Zip)

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 TX 77027

(City) (State) (Zip)

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	02/11/2026
	Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President	02/11/2026
	Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President	02/11/2026
	Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President	02/11/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions involving WYNN were reported in this Form 4?

The filing reports sales of call options linked to Wynn Resorts (WYNN) stock on 02/09/2026. Each option position covers 100,000 shares of common stock with strike prices between $130 and $150, expiring on 08/28/2026.

Who is associated with the WYNN Form 4 call option sales?

The transactions are associated with Tilman J. Fertitta and entities including Fertitta Entertainment, Inc. and Hospitality Headquarters, Inc.. Mr. Fertitta may be deemed to share beneficial ownership of the securities held by these entities under the relationships described.

What derivative securities on WYNN stock were sold in this filing?

The filing shows sales of call options (obligation to sell) on Wynn Resorts common stock. Each option relates to 100,000 shares, with strike prices of $130, $135, $140, $145, and $150, all expiring on 08/28/2026.

At what prices were the WYNN call options sold in the reported trades?

The call options were sold at per-option prices of $6.8001, $5.2728, $4.3251, $3.2973, and $2.6092. Each transaction involved call options referencing 100,000 shares of Wynn Resorts common stock with corresponding strike prices from $130 to $150.

Which entity holds the WYNN options referenced in the Form 4?

According to the disclosure, the options are held of record by Hospitality Headquarters, Inc.. The filing also explains that Tilman J. Fertitta may be deemed to share beneficial ownership through his sole ownership of Fertitta Entertainment, Inc. and its indirect ownership of related entities.

How is Tilman J. Fertitta related to WYNN in this filing?

Tilman J. Fertitta is reported as a 10% owner of Wynn Resorts Ltd (WYNN) through entities he controls. He is the sole shareholder of Fertitta Entertainment, Inc., which in turn owns Hospitality Headquarters, Inc. and indirectly owns Fertitta Entertainment, LLC.