[Form 4] WYNN RESORTS LTD Insider Trading Activity

Rhea-AI Filing Summary

Jacqui Krum, EVP and General Counsel of Wynn Resorts Ltd (WYNN), reported the disposition of 2,174 shares of common stock on 09/15/2025 at a price of $122.85 per share. Following the transaction, the reporting person beneficially owns 42,068 shares. The filing also shows 3,378 performance share units exercisable/expiring on 01/01/2028 representing an underlying 3,378 shares of common stock. The form states that 2,174 shares were withheld to satisfy tax withholding upon vesting of restricted stock granted on 11/06/2024. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/16/2025.

Positive

• Clear disclosure of the transaction date, price, and number of shares disposed, supporting transparency
• Explanation provided that shares were withheld to satisfy tax withholding upon vesting of restricted stock

Negative

• Reduction in beneficial ownership by 2,174 shares following the withholding transaction

Insights

Corporate Governance Expert

TL;DR: Officer reported a tax-withholding share disposition after restricted stock vesting; disclosure is routine and clarifies post-transaction holdings.

The filing documents a common occurrence where restricted stock vested and shares were withheld to satisfy tax obligations, resulting in a reported disposition of 2,174 shares at $122.85 and retained beneficial ownership of 42,068 shares. The disclosure includes outstanding performance share units totaling 3,378 vesting/exercisable on 01/01/2028. From a governance perspective the report is timely and provides the necessary transparency about an insider transaction and resulting holdings.

Securities Analyst

TL;DR: Insider sale tied to tax withholding after vesting; transaction details and residual holdings are clearly reported.

The Form 4 shows the transaction code F, indicating shares were withheld for taxes upon vesting of previously granted restricted stock (grant dated 11/06/2024). The sale price was $122.85 per share for 2,174 shares. The reporting person still beneficially owns 42,068 shares and holds 3,378 performance share units that convert to common shares on 01/01/2028. The filing provides concrete figures useful for tracking insider position changes without suggesting further intent.

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).

1. Name and Address of Reporting Person^*

KRUM JACQUI

(Last) (First) (Middle)

C/O WYNN RESORTS, LIMITED

3131 LAS VEGAS BLVD SOUTH

(Street)

LAS VEGAS NV 89109

(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		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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

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

X	Form filed by One Reporting Person
	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
Common Stock, par value $0.01 per share	09/15/2025		F		2,174(1)	D	$122.85	42,068	D

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
Performance Share Units	$0							01/01/2028	01/01/2028	Common Stock, par value $0.01	3,378		3,378	D

Explanation of Responses:

1. Shares withheld to satisfy tax withholding obligation upon vesting of restricted stock previously granted on November 6, 2024.

Remarks:

	/s/ Nicholas Pannucci, attorney-in-fact for Jacqui Krum	09/16/2025
	** 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.

FAQ

What did the Form 4 filed for WYNN disclose about Jacqui Krum's transaction?

The Form 4 disclosed a disposition of 2,174 WYNN shares on 09/15/2025 at $122.85 per share, with 42,068 shares owned after the transaction.

Why were 2,174 WYNN shares disposed according to the filing?

The filing states the 2,174 shares were withheld to satisfy tax withholding upon vesting of restricted stock granted on 11/06/2024.

Does Jacqui Krum hold any derivative or performance awards in WYNN?

Yes. The filing reports 3,378 performance share units that are exercisable/expiring on 01/01/2028, representing 3,378 underlying common shares.

What transaction code was used on the Form 4 and what does it indicate?

Transaction code F was used, indicating the shares were withheld to satisfy tax withholding upon vesting of previously granted restricted stock.

When was the Form 4 signed and by whom?

The Form 4 was signed on behalf of Jacqui Krum by an attorney-in-fact, Nicholas Pannucci, on 09/16/2025.