Wynn Resorts (WYNN) stake: Fertitta entities sell calls on 300,000 shares

Rhea-AI Filing Summary

Entities associated with Tilman J. Fertitta, a more than 10% beneficial owner of WYNN RESORTS LTD, reported three indirect sales of call options on common stock on 2026-08-12. Fertitta Entertainment, LLC holds the options of record. Each transaction involved 100,000 call options, with exercise prices of $118.00, $119.00, and $120.00 per share, expiring on 2027-02-19. Reported option premiums were $4.5878, $4.3509, and $4.1174 per option, respectively, covering an aggregate of 300,000 underlying common shares subject to an obligation to sell if exercised.

Insider Trade Summary

3 transactions reported

Mixed 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 ($1.31M)

Type	Security	Shares	Price	Value
Sale	Call Option (obligation to sell) F1, F2	100,000	$4.5878	$459K
Sale	Call Option (obligation to sell) F1, F2	100,000	$4.3509	$435K
Sale	Call Option (obligation to sell) F1, F2	100,000	$4.1174	$412K

Holdings After Transaction: Call Option (obligation to sell) — 300,000 shares (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 Fertitta Entertainment, LLC.

Key Figures

Call options sold (first block): 100,000 options Call options sold (second block): 100,000 options Call options sold (third block): 100,000 options +2 more

5 metrics

Call options sold (first block) 100,000 options Call Option (obligation to sell) at $118.00 strike, sold on 2026-08-12 at $4.5878 premium

Call options sold (second block) 100,000 options Call Option (obligation to sell) at $119.00 strike, sold on 2026-08-12 at $4.3509 premium

Call options sold (third block) 100,000 options Call Option (obligation to sell) at $120.00 strike, sold on 2026-08-12 at $4.1174 premium

Aggregate underlying shares 300,000 shares Total underlying WYNN common stock across three call option sales

Exercise/expiration date 2027-02-19 Exercise and expiration date for all three call option positions reported

Key Terms

Call Option (obligation to sell), beneficial ownership, indirect ownership

3 terms

Call Option (obligation to sell) financial

"security_title: "Call Option (obligation to sell)" on WYNN common stock"

beneficial ownership financial

"may be deemed to share beneficial ownership of the securities held of record"

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.

indirect ownership financial

"direct_or_indirect field shows I, indicating indirect ownership via entities"

FAQ

What did Tilman J. Fertitta’s entities report in this Form 4 for WYNN?

Entities associated with Tilman J. Fertitta reported selling three blocks of 100,000 call options each on WYNN common stock on 2026-08-12, covering an aggregate of 300,000 underlying shares with expirations on 2027-02-19.

What were the strike prices of the call options sold by Fertitta’s entities in WYNN?

The call options sold carried exercise prices of $118.00, $119.00, and $120.00 per WYNN share, all expiring on 2027-02-19. Each option block related to 100,000 underlying common shares of WYNN.

What premiums did Fertitta-related entities receive for the WYNN call options?

Reported premiums were $4.5878, $4.3509, and $4.1174 per call option on WYNN common stock. Each premium applies to a 100,000-option block, resulting in three separate derivative sales on 2026-08-12.

How many WYNN shares are subject to the call options sold by Fertitta’s entities?

The three call option sales together cover 300,000 underlying WYNN common shares, with each of the three transactions linked to 100,000 underlying shares. These options create an obligation to sell the shares if exercised by 2027-02-19.

Which Fertitta entity holds the WYNN options of record in this Form 4?

According to the disclosure, the options are held of record by Fertitta Entertainment, LLC. Tilman J. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which indirectly owns Fertitta Entertainment, LLC and may share beneficial ownership of these securities.

Are Fertitta’s WYNN options held directly or indirectly according to the filing?

The options are reported as indirectly owned, with ownership nature described as “See footnotes.” The footnotes state that the options are held of record by Fertitta Entertainment, LLC, and Tilman J. Fertitta may be deemed to share beneficial ownership through related entities.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/14/2026 - 04:34 PM Accepted by SEC EDGAR 08/14/2026 - 04:30 PM 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)
08/12/2026

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)	$118	08/12/2026		S			100,000	02/19/2027	02/19/2027	Common Stock	100,000	$4.5878	100,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$119	08/12/2026		S			100,000	02/19/2027	02/19/2027	Common Stock	100,000	$4.3509	100,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$120	08/12/2026		S			100,000	02/19/2027	02/19/2027	Common Stock	100,000	$4.1174	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 Fertitta Entertainment, LLC.

	/s/ Tilman J. Fertitta	08/14/2026
	Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President	08/14/2026
	Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President	08/14/2026
	Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President	08/14/2026
	** 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)