STOCK TITAN

[Form 4] WYNN RESORTS LTD Insider Trading Activity

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

Rhea-AI Filing Summary

WYNN Resorts’ major shareholder-related entity enters large call option position. An entity associated with Tilman J. Fertitta, Hospitality Headquarters, Inc., sold 250,000 call options referencing WYNN Resorts common stock on June 3, 2026 at a price of $5.1086 per option.

The call options have a strike price of $121.0000 and are scheduled to be exercisable and to expire on December 4, 2026. Following this transaction, 250,000 such call options were reported as held of record by Hospitality Headquarters, Inc., with Mr. Fertitta deemed to share beneficial ownership through related entities.

Positive

  • None.

Negative

  • None.

Insights

Entity tied to Tilman Fertitta sold 250,000 WYNN call options at a $121 strike.

An indirect holder of WYNN Resorts stock, Hospitality Headquarters, Inc., sold 250,000 call options with a strike price of $121.0000 and received a premium of $5.1086 per option. The options reference 250,000 shares of common stock.

The transaction is classified as an open-market sale of a derivative, not a sale of common shares. It creates an obligation to deliver shares at $121 if exercised by December 4, 2026. The filing notes that Tilman J. Fertitta may be deemed to share beneficial ownership through related entities.

Because the filing does not quantify the reporter’s total WYNN ownership, the overall impact on the holder’s position cannot be gauged precisely from this document alone. However, it does show a sizeable written-call position with a defined strike and maturity, which may affect how this holder is exposed to future share price movements.

Insider FERTITTA TILMAN J, Fertitta Entertainment, Inc., Hospitality Headquarters Inc, Fertitta Entertainment, LLC
Role null | null | null | null
Sold 250,000 shs ($1.28M)
Type Security Shares Price Value
Sale Call Option (obligation to sell) 250,000 $5.1086 $1.28M
Holdings After Transaction: Call Option (obligation to sell) — 250,000 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.
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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)
06/03/2026
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)$12106/03/2026S250,00012/04/202612/04/2026Common Stock250,000$5.1086250,000ISee 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. Fertitta06/05/2026
Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President06/05/2026
Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President06/05/2026
Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President06/05/2026
** 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)

FAQ

What insider derivatives transaction did WYNN major holder entities report?

An entity tied to Tilman J. Fertitta reported selling 250,000 call options on WYNN Resorts common stock. The options carry a strike price of $121.0000 and a premium of $5.1086 per option, creating an obligation to sell shares if exercised.

Who executed the WYNN call option sale reported in the Form 4?

The options are held of record by Hospitality Headquarters, Inc., an entity ultimately controlled through Fertitta Entertainment, Inc. Tilman J. Fertitta is the sole shareholder of Fertitta Entertainment, Inc. and may be deemed to share beneficial ownership of securities held by these related entities.

What are the key terms of the WYNN call options sold?

The call options have a strike price of $121.0000 and a reported premium of $5.1086 per option. They are scheduled to be exercisable and to expire on December 4, 2026, giving counterparties time to exercise if WYNN’s share price exceeds the strike.

Does this WYNN Form 4 reflect a buy or a sell transaction?

The Form 4 records a sell transaction involving derivatives: an open-market sale of 250,000 call options. It does not show a sale of common shares themselves, but rather the creation of an obligation to sell shares at $121.0000 if the options are exercised.

How is Tilman J. Fertitta connected to the WYNN options in this Form 4?

Tilman J. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which in turn controls Hospitality Headquarters, Inc. and Fertitta Entertainment, LLC. The filing states he may be deemed to share beneficial ownership of securities these entities hold, including the reported options.