Entity linked to Tilman Fertitta sells WYNN call options

WYNN RESORTS LTD insider activity centers on a derivative sale by an entity linked to Tilman J. Fertitta.

Rhea-AI Filing Summary

WYNN RESORTS LTD insider activity centers on a derivative sale by an entity linked to Tilman J. Fertitta. Hospitality Headquarters, Inc., which is indirectly controlled through Fertitta Entertainment, Inc., sold call options representing an obligation to sell 300,000 shares of Wynn Resorts common stock.

The call options were sold in an open-market transaction at a price of $5.668 per option, with an exercise price of $119.00 per share and an expiration date of December 4, 2026. Following this transaction, the reported call option position is 300,000 options, reflecting a written call exposure tied to the same number of underlying shares.

Insider Trade Summary

Net Seller: 300,000 shares

Net Sell 1 txn

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 ($1.70M)

Type	Security	Shares	Price	Value
Sale	Call Option (obligation to sell)	300,000	$5.668	$1.70M

Holdings After Transaction: Call Option (obligation to sell) — 300,000 contracts (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 Hospitality Headquarters, Inc.

Key Figures

Call options sold: 300,000 options Option sale price: $5.668 per option Exercise price: $119.00 per share +3 more

6 metrics

Call options sold 300,000 options Open-market sale of call options tied to common stock

Option sale price $5.668 per option Price received per call option sold

Exercise price $119.00 per share Strike price of call options on Wynn Resorts common stock

Expiration date December 4, 2026 Expiration of call options obligation to sell

Underlying shares 300,000 shares Common stock subject to the call options

Net transaction direction Net sell of 300,000 derivative shares Transaction summary for this Form 4

Key Terms

Call Option (obligation to sell), beneficial ownership, ten percent owner, open-market sale, +1 more

5 terms

Call Option (obligation to sell) financial

"security_title: Call Option (obligation to sell)"

beneficial ownership financial

"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.

ten percent owner regulatory

"is_ten_percent_owner: 1"

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

derivative financial

"transaction_type: derivative"

A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.

FAQ

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

What insider transaction did entities associated with WYNN holder Tilman J. Fertitta report?

Entities associated with Tilman J. Fertitta reported selling call options on 300,000 Wynn Resorts common shares. These options create an obligation to sell shares at $119.00 before December 4, 2026, and were written in an open-market transaction at $5.668 per option.

Who actually holds the WYNN call options involved in this Form 4 filing?

The call options are held of record by Hospitality Headquarters, Inc. Footnotes explain Tilman J. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which ultimately owns Hospitality Headquarters, so he may be deemed to share beneficial ownership of these derivative securities.

How many Wynn Resorts shares are tied to the call options sold in this Form 4?

The transaction involves call options over 300,000 shares of Wynn Resorts common stock. Each option corresponds to one underlying share, creating written call exposure on that number of shares with an obligation to sell if exercised at $119.00.

At what prices were the WYNN call options sold and potentially exercisable?

The call options were sold at $5.668 per option in an open-market sale. They carry an exercise price of $119.00 per underlying Wynn Resorts share and have an expiration date of December 4, 2026, defining the potential sale terms.

What ownership status does Tilman J. Fertitta report in relation to this WYNN Form 4 transaction?

Tilman J. Fertitta is listed as a ten percent owner and may be deemed to share beneficial ownership of securities held by Fertitta Entertainment, Inc., Hospitality Headquarters, Inc. and Fertitta Entertainment, LLC, according to the footnotes. The reported transaction is held indirectly.

Is this WYNN insider transaction classified as a buy or a sell in the Form 4 data?

The Form 4 classifies this as a sell transaction for derivative securities. It is coded as an open-market sale of call options, with the transaction_summary showing 300,000 derivative shares sold and a net-sell direction for the reported activity.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/03/2026 - 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)
06/01/2026

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)	$119	06/01/2026		S			300,000	12/04/2026	12/04/2026	Common Stock	300,000	$5.668	300,000	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 Hospitality Headquarters, Inc.

	/s/ Tilman J. Fertitta	06/03/2026
	Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President	06/03/2026
	Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President	06/03/2026
	Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President	06/03/2026
	** 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)