Wynn Resorts holder Tilman Fertitta sells call options

Tilman J. Fertitta, a more than 10% owner of Wynn Resorts Ltd. (WYNN), reported two derivative sales.

Accepted by SEC EDGAR 07/27/2026 - 04:30 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Tilman J. Fertitta, a more than 10% owner of Wynn Resorts Ltd. (WYNN), reported two derivative sales. Entities associated with him sold call options obligating them to sell 300,000 common shares each, with exercise prices of 113.0000 and 114.0000 expiring on January 29, 2027, at premiums of 3.9640 and 3.8340 per share.

The options are held of record by Hospitality Headquarters, Inc. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which indirectly owns these entities, so he may be deemed to share beneficial ownership. The filing’s Rule 10b5-1 checkbox is unchecked.

Insider Trade Summary

Net Seller: 600,000 shares

Net Sell 2 txns

Insider FERTITTA TILMAN J, Fertitta Entertainment, Inc., Hospitality Headquarters Inc, Fertitta Entertainment, LLC

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner

Sold 600,000 shs ($2.34M)

Type	Security	Shares	Price	Value
Sale	Call Option (obligation to sell) F1, F2	300,000	$3.964	$1.19M
Sale	Call Option (obligation to sell) F1, F2	300,000	$3.834	$1.15M

Holdings After Transaction: Call Option (obligation to sell) — 600,000 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

Call options sold (first transaction): 300,000 Call options sold (second transaction): 300,000 Total underlying shares across options: 600,000 +4 more

7 metrics

Call options sold (first transaction) 300,000 Call Option (obligation to sell) on common stock, transaction date 2026-07-24

Call options sold (second transaction) 300,000 Call Option (obligation to sell) on common stock, transaction date 2026-07-23

Total underlying shares across options 600,000 Aggregate underlying common shares for both call option sales

Option premium per share (2026-07-24) 3.9640 Per-share premium for call options with 113.0000 exercise price

Option premium per share (2026-07-23) 3.8340 Per-share premium for call options with 114.0000 exercise price

Exercise price (first option series) 113.0000 Exercise price for call options expiring January 29, 2027

Exercise price (second option series) 114.0000 Exercise price for call options expiring January 29, 2027

Key Terms

Call Option (obligation to sell), beneficial ownership, indirect owner, ten percent owner

4 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.

indirect owner financial

"sole indirect owner of Fertitta Entertainment, LLC"

ten percent owner financial

"reporting person is a ten percent owner"

FAQ

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

What insider transactions involving WYNN did Tilman J. Fertitta report on this Form 4?

Tilman J. Fertitta reported two sales of call options linked to Wynn Resorts common stock. Each transaction involved call options over 300,000 underlying shares, with exercise prices of 113.0000 and 114.0000, expiring January 29, 2027, and option premiums of 3.9640 and 3.8340 per share.

How many Wynn Resorts (WYNN) shares underlie the call options sold by Fertitta-affiliated entities?

The reported call option sales cover 600,000 underlying Wynn Resorts common shares in total. This consists of two separate transactions, each for call options referencing 300,000 shares, with both series scheduled to expire on January 29, 2027, at exercise prices of 113.0000 and 114.0000.

Who actually holds the call options related to WYNN reported by Tilman J. Fertitta?

The options are held of record by Hospitality Headquarters, Inc.. According to the disclosure, Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which owns Hospitality Headquarters, Inc., so he may be deemed to share beneficial ownership of the securities held by these entities.

Are Tilman J. Fertitta’s WYNN option transactions on this Form 4 made under a Rule 10b5-1 plan?

The Form 4’s Rule 10b5-1 checkbox is unchecked, indicating the transactions are not affirmatively reported as being under a Rule 10b5-1 trading plan. The footnotes do not describe any trading plan arrangement for these call option sales by the Fertitta-affiliated entities.

What are the key terms of the WYNN call options sold by Fertitta-related entities?

The reported call options each relate to 300,000 underlying shares, have exercise prices of 113.0000 and 114.0000, and share an expiration date of January 29, 2027. The option premiums received were 3.9640 and 3.8340 per share, respectively, for the two transactions.

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

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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)
07/23/2026

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)	$114	07/23/2026		S			300,000	01/29/2027	01/29/2027	Common Stock	300,000	$3.834	300,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$113	07/24/2026		S			300,000	01/29/2027	01/29/2027	Common Stock	300,000	$3.964	300,000	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	07/27/2026
	Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President	07/27/2026
	Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President	07/27/2026
	Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President	07/27/2026
	** 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)