Fertitta-affiliated entity sells WYNN (WYNN) call options on 300,000 shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 300,000 shares ($1,700,400)
Net Sell
1 txn
Insider
FERTITTA TILMAN J, Fertitta Entertainment, Inc., Hospitality Headquarters Inc, Fertitta Entertainment, LLC
Role
null | null | null | null
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 shares (Indirect, See footnotes)
Footnotes (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.
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
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.
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.