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  4. [Form 4] WYNN RESORTS LTD Insider Trading Activity

Fertitta-linked firm writes call options on Wynn (WYNN) stake

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

Rhea-AI Filing Summary

WYNN Resorts insider derivatives activity: Entities associated with Tilman J. Fertitta reported selling exchange-traded call options referencing a total of 400,000 shares of WYNN Resorts common stock. On April 8, 2026, Hospitality Headquarters, Inc. sold four blocks of 100,000 call options each, with exercise prices of $122, $124, $126 and $128 per share, all expiring on October 9, 2026.

The options, described as a "Call Option (obligation to sell)", were sold at premiums of about $5.09, $4.53, $3.96 and $3.39 per share. According to the disclosure, the options are held of record by Hospitality Headquarters, Inc., while Tilman Fertitta may be deemed to share beneficial ownership through his control of related Fertitta entities.

Positive

  • None.

Negative

  • None.
Insider FERTITTA TILMAN J, Fertitta Entertainment, Inc., Hospitality Headquarters Inc, Fertitta Entertainment, LLC
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold 400,000 shs ($1.70M)
Type Security Shares Price Value
Sale Call Option (obligation to sell) 100,000 $5.0933 $509K
Sale Call Option (obligation to sell) 100,000 $4.5255 $453K
Sale Call Option (obligation to sell) 100,000 $3.9588 $396K
Sale Call Option (obligation to sell) 100,000 $3.3911 $339K
Holdings After Transaction: Call Option (obligation to sell) — 100,000 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.
Total underlying shares 400,000 shares WYNN common stock referenced by call options sold on April 8, 2026
First call series premium $5.0933 per share Call Option (obligation to sell) with $122 exercise price
Second call series premium $4.5255 per share Call Option (obligation to sell) with $124 exercise price
Third call series premium $3.9588 per share Call Option (obligation to sell) with $126 exercise price
Fourth call series premium $3.3911 per share Call Option (obligation to sell) with $128 exercise price
Exercise and expiration date October 9, 2026 All four call option series on WYNN common stock
Call Option (obligation to sell) financial
"security_title: "Call Option (obligation to sell)" on each transaction"
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"
ten percent owner financial
"is_ten_percent_owner: 1 for the reporting persons"
Form 4 Insider Transactions: What Each Field Means →
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)
04/08/2026		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)$12204/08/2026S100,00010/09/202610/09/2026Common Stock100,000$5.0933100,000ISee footnotes(1)(2)
Call Option (obligation to sell)$12404/08/2026S100,00010/09/202610/09/2026Common Stock100,000$4.5255100,000ISee footnotes(1)(2)
Call Option (obligation to sell)$12604/08/2026S100,00010/09/202610/09/2026Common Stock100,000$3.9588100,000ISee footnotes(1)(2)
Call Option (obligation to sell)$12804/08/2026S100,00010/09/202610/09/2026Common Stock100,000$3.3911100,000ISee 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
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.
/s/ Tilman J. Fertitta04/10/2026
Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President04/10/2026
Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President04/10/2026
Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President04/10/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Tilman Fertitta–related entities do in this WYNN Form 4 filing?

Entities linked to Tilman J. Fertitta reported selling call options on Wynn Resorts stock. Hospitality Headquarters, Inc. sold four series of call options covering 400,000 underlying WYNN shares, creating an obligation to sell shares at preset prices if exercised before expiration.

How many WYNN shares are covered by the options sold in this Form 4?

The Form 4 shows call options referencing 400,000 shares of WYNN Resorts common stock. This comes from four separate transactions, each involving 100,000 call options, all written on Wynn Resorts common stock with different exercise prices but the same expiration date.

What were the strike prices and expiration date of the WYNN call options?

The reported call options have exercise prices of $122, $124, $126 and $128 per share. All four option series share the same exercise and expiration date of October 9, 2026, meaning buyers can exercise them up to that date under the disclosed terms.

Which entity actually holds the WYNN call options reported in this Form 4?

A footnote states the options are held of record by Hospitality Headquarters, Inc. Another footnote explains Tilman J. Fertitta indirectly controls Fertitta Entertainment, Inc. and related entities, so he may be deemed to share beneficial ownership of securities held by these Fertitta-affiliated companies.

How is Tilman Fertitta connected to the entities in this WYNN Form 4?

The filing notes Tilman J. 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. Through this structure, he may be deemed to share beneficial ownership of their WYNN-related securities.