[Form 4] WYNN RESORTS LTD Insider Trading Activity
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 Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Call Option (obligation to sell) | 250,000 | $5.1086 | $1.28M |
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.