Tilman Fertitta entities sell Wynn Resorts calls

Wynn Resorts ten percent owner Tilman Fertitta, through affiliated entities, sold call options tied to Wynn common stock in multiple open‑market derivative transactions.

Rhea-AI Filing Summary

Wynn Resorts ten percent owner Tilman Fertitta, through affiliated entities, sold call options tied to Wynn common stock in multiple open‑market derivative transactions. The filings show sales of call options referencing a total of 694,900 shares of common stock.

On May 27–28, 2026, entities associated with Fertitta sold blocks of 225,000, 225,000, 161,900 and 83,000 call options at prices between $3.8457 and $5.5005 per option. The options have strike prices of $118.00, $119.00 and $120.00 and expire on November 30, 2026 or December 18, 2026.

Footnotes state that the options are held of record by Hospitality Headquarters, Inc., Fertitta Entertainment, LLC, or Mr. Fertitta, with Fertitta as the sole shareholder of Fertitta Entertainment, Inc., which indirectly owns these entities.

Insider Trade Summary

Net Seller: 694,900 shares

Net Sell 4 txns

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

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

Sold 694,900 shs ($3.11M)

Type	Security	Shares	Price	Value
Sale	Call Option (obligation to sell)	83,000	$5.25	$436K
Sale	Call Option (obligation to sell)	161,900	$5.5005	$891K
Sale	Call Option (obligation to sell)	225,000	$4.0767	$917K
Sale	Call Option (obligation to sell)	225,000	$3.8457	$865K

Holdings After Transaction: Call Option (obligation to sell) — 694,900 contracts (Indirect, See footnotes)

Footnotes (4)

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.
3. F3. The options are held of record by Fertitta Entertainment, LLC.
4. F4. The options are held of record by Mr. Fertitta.

Key Figures

Total options sold: 694,900 call options Option block size: 225,000 call options Option block size: 161,900 call options +4 more

7 metrics

Total options sold 694,900 call options Net derivative sales reported in Form 4

Option block size 225,000 call options Two separate blocks sold on May 27, 2026

Option block size 161,900 call options Block sold on May 28, 2026

Option block size 83,000 call options Block sold on May 28, 2026

Option sale price range $3.8457–$5.5005 per option Open-market derivative sale prices

Strike prices $118.00, $119.00, $120.00 Call option exercise prices on WYNN common stock

Expiration dates November 30 & December 18, 2026 Maturity of reported call options

Key Terms

Call Option (obligation to sell), beneficial ownership, indirect owner, underlying security, +1 more

5 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.

indirect owner financial

"sole indirect owner of Fertitta Entertainment, LLC"

underlying security financial

"underlying_security_title: Common Stock"

ten percent owner financial

"reporting persons are listed with is_ten_percent_owner: 1"

FAQ

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

What did Tilman Fertitta-related entities do in this Wynn (WYNN) Form 4?

Entities associated with Tilman Fertitta reported selling call options on Wynn Resorts common stock. These open-market derivative sales cover 694,900 underlying shares across several option blocks, reflecting activity in options rather than direct trading in common shares.

How many Wynn Resorts call options were sold and at what prices?

The filing reports sales of call options over 694,900 underlying shares. Individual blocks of 225,000, 225,000, 161,900 and 83,000 options were sold at prices between $3.8457 and $5.5005 per option in open-market transactions by affiliated entities.

What are the strike prices and expirations of the reported WYNN call options?

The reported call options on Wynn common stock have strike prices of $118.00, $119.00 and $120.00. Expiration dates are November 30, 2026 and December 18, 2026, defining when option holders can require the seller to deliver shares at those prices.

Were these Wynn (WYNN) option transactions direct or indirect holdings?

All reported call option positions are classified as indirectly owned. The Form 4 marks ownership as indirect, with nature of ownership referencing footnotes that attribute the options to entities such as Hospitality Headquarters, Inc. and Fertitta Entertainment, LLC.

Who holds the WYNN call options of record in this Tilman Fertitta filing?

Footnotes state that some options are held of record by Hospitality Headquarters, Inc., others by Fertitta Entertainment, LLC, and others by Mr. Fertitta. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which indirectly owns these holding entities.

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

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Accepted by SEC EDGAR 05/29/2026 - 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)
05/27/2026

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	05/27/2026		S			225,000	11/30/2026	11/30/2026	Common Stock	225,000	$4.0767	225,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$119	05/27/2026		S			225,000	11/30/2026	11/30/2026	Common Stock	225,000	$3.8457	225,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$120	05/28/2026		S			83,000	05/28/2026	12/18/2026	Common Stock	83,000	$5.25	83,000	I	See footnotes(1)(3)
Call Option (obligation to sell)	$120	05/28/2026		S			161,900	05/28/2026	12/18/2026	Common Stock	161,900	$5.5005	161,900	I	See footnotes(1)(4)

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.

3. The options are held of record by Fertitta Entertainment, LLC.

4. The options are held of record by Mr. Fertitta.

	/s/ Tilman J. Fertitta	05/29/2026
	Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President	05/29/2026
	Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President	05/29/2026
	Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President	05/29/2026
	** 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)