Wynn Resorts 10% owner sells call options

Entities associated with Tilman J. Fertitta, a 10% owner of Wynn Resorts Ltd, reported open-market sales of call options (obligations to sell) on an aggregate 300,000 derivative securities tied to Wynn common stock on 10 July 2026.

Rhea-AI Filing Summary

Entities associated with Tilman J. Fertitta, a 10% owner of Wynn Resorts Ltd, reported open-market sales of call options (obligations to sell) on an aggregate 300,000 derivative securities tied to Wynn common stock on 10 July 2026. The options carry strike prices of $116, $117, and $118 per share and have an exercise and expiration date of 29 January 2027; they are held of record by Hospitality Headquarters, Inc.

Insider Trade Summary

Net Seller: 300,000 shares

Net Sell 3 txns

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 ($1.30M)

Type	Security	Shares	Price	Value
Sale	Call Option (obligation to sell) F1, F2	100,000	$4.5809	$458K
Sale	Call Option (obligation to sell) F1, F2	100,000	$4.3427	$434K
Sale	Call Option (obligation to sell) F1, F2	100,000	$4.1045	$410K

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

Derivative securities sold: 300,000 Option premium: $4.1045 Option premium: $4.3427 +5 more

8 metrics

Derivative securities sold 300,000 Aggregate call option positions sold on 10 July 2026

Option premium $4.1045 Price per call option in one tranche sold on 10 July 2026

Option premium $4.3427 Price per call option in second tranche sold on 10 July 2026

Option premium $4.5809 Price per call option in third tranche sold on 10 July 2026

Strike price $116.0000 Conversion or exercise price for one series of call options

Strike price $117.0000 Conversion or exercise price for second series of call options

Strike price $118.0000 Conversion or exercise price for third series of call options

Expiration date 2027-01-29 Exercise and expiration date for all reported call options

Key Terms

Call Option (obligation to sell), beneficial ownership, held of record, indirect owner

4 terms

Call Option (obligation to sell) financial

"security_title: Call Option (obligation to sell)"

beneficial ownership regulatory

"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.

held of record financial

"The options are held of record by Hospitality Headquarters, Inc."

indirect owner financial

"the sole indirect owner of Fertitta Entertainment, LLC"

FAQ

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

What insider transaction involving WYNN did Tilman Fertitta-linked entities report?

Entities linked to Tilman J. Fertitta reported selling 300,000 call options tied to Wynn Resorts common stock on July 10, 2026. These were reported as open-market derivative sales of options that obligate the seller to deliver Wynn shares at preset strike prices.

What type of derivative did the WYNN Form 4 filing disclose?

The filing discloses sales of Call Option (obligation to sell) contracts linked to Wynn Resorts common stock. Each transaction involved 100,000 derivative securities, with three such sales reported, all classified as derivative transactions with open-market sale (code S) treatment.

What are the strike prices and expiration for the WYNN call options sold?

The reported call options have strike prices of $116.00, $117.00, and $118.00 per share. All three series share the same exercise and expiration date of January 29, 2027, meaning the obligation to sell Wynn shares applies at those prices on that date.

Were the WYNN call options held directly by Tilman Fertitta?

No. The options are held of record by Hospitality Headquarters, Inc.. Footnotes state Mr. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which owns Hospitality Headquarters, so he may be deemed to share beneficial ownership through these entities rather than direct holding.

How large was the WYNN derivative sale reported in this Form 4?

The transaction summary shows a net sell of 300,000 derivative securities across three call option sales. All transactions are coded as S (sale) and classified as derivative, with no offsetting purchases or option exercises reported in this filing.

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

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Accepted by SEC EDGAR 07/14/2026 - 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)
07/10/2026

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)	$116	07/10/2026		S			100,000	01/29/2027	01/29/2027	Common Stock	100,000	$4.5809	100,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$117	07/10/2026		S			100,000	01/29/2027	01/29/2027	Common Stock	100,000	$4.3427	100,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$118	07/10/2026		S			100,000	01/29/2027	01/29/2027	Common Stock	100,000	$4.1045	100,000	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	07/14/2026
	Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President	07/14/2026
	Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President	07/14/2026
	Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President	07/14/2026
	** 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)