STOCK TITAN

Tilman Fertitta entities trade Wynn Resorts (WYNN) call options

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

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.

Positive

  • None.

Negative

  • None.
Insider FERTITTA TILMAN J, Fertitta Entertainment, Inc., Hospitality Headquarters Inc, Fertitta Entertainment, LLC
Role null | null | null | null
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) — 83,000 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. The options are held of record by Fertitta Entertainment, LLC. The options are held of record by Mr. Fertitta.
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
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"
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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)
05/27/2026
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)$11805/27/2026S225,00011/30/202611/30/2026Common Stock225,000$4.0767225,000ISee footnotes(1)(2)
Call Option (obligation to sell)$11905/27/2026S225,00011/30/202611/30/2026Common Stock225,000$3.8457225,000ISee footnotes(1)(2)
Call Option (obligation to sell)$12005/28/2026S83,00005/28/202612/18/2026Common Stock83,000$5.2583,000ISee footnotes(1)(3)
Call Option (obligation to sell)$12005/28/2026S161,90005/28/202612/18/2026Common Stock161,900$5.5005161,900ISee 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
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.
3. The options are held of record by Fertitta Entertainment, LLC.
4. The options are held of record by Mr. Fertitta.
/s/ Tilman J. Fertitta05/29/2026
Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President05/29/2026
Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President05/29/2026
Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President05/29/2026
** 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

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.