Fertitta entity sells call options over 246,000 WYNN shares (NASDAQ: WYNN)

Rhea-AI Filing Summary

Fertitta-affiliated entities reported a derivative sale tied to Wynn Resorts Ltd. On April 17, 2026, Fertitta Entertainment, LLC sold call options referencing 246,000 shares of Wynn Resorts common stock. Each option carries a $125.00 exercise price and expires on November 20, 2026.

The call options were sold at an average price of $7.4757 per option, creating an obligation to sell the underlying Wynn Resorts common stock if exercised. The options are held of record by Fertitta Entertainment, LLC, and Tilman J. Fertitta may be deemed to share beneficial ownership through his control of related entities.

Insights

Equity derivatives and insider-transactions analyst

Fertitta affiliate sells call options over 246,000 WYNN shares, a derivative net-sell event.

A Fertitta-controlled entity, Fertitta Entertainment, LLC, sold call options tied to 246,000 Wynn Resorts shares at an exercise price of $125.00, expiring on November 20, 2026. The options were sold at an average premium of $7.4757 per option, creating an obligation to deliver shares if exercised.

The filing classifies this as an open-market sale of derivative securities, with net-sell activity of 246,000 underlying shares and no remaining derivative positions disclosed in this excerpt. Tilman J. Fertitta may be deemed to share beneficial ownership through his control of Fertitta Entertainment, Inc. and its subsidiaries, but the options are held of record by Fertitta Entertainment, LLC.

Insider Trade Summary

Net Seller: 246,000 shares ($1,839,022)

Net Sell 1 txn

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

Role null | null | null | null

Sold 246,000 shs ($1.84M)

Type	Security	Shares	Price	Value
Sale	Call Option (obligation to sell)	246,000	$7.4757	$1.84M

Holdings After Transaction: Call Option (obligation to sell) — 246,000 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 Fertitta Entertainment, LLC.

Key Figures

Underlying shares: 246,000 shares Option premium: $7.4757 per option Exercise price: $125.00 per share +3 more

6 metrics

Underlying shares 246,000 shares Underlying Wynn Resorts common stock for sold call options

Option premium $7.4757 per option Average sale price per call option on April 17, 2026

Exercise price $125.00 per share Call option strike price for underlying Wynn Resorts stock

Expiration date November 20, 2026 Call option expiration

Net-sell shares 246,000 shares Net sell direction from transaction summary for underlying shares

Total derivative transactions 1 transaction Single derivative sale reported in this Form 4

Key Terms

Call Option (obligation to sell), beneficial ownership, underlying security, ten percent owner, +1 more

5 terms

Call Option (obligation to sell) financial

"security_title: Call Option (obligation to sell)"

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.

underlying security financial

"underlying_security_title: Common Stock; underlying_security_shares: 246000.0000"

ten percent owner financial

"is_ten_percent_owner: 1 for multiple reporting persons"

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

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)
04/17/2026

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)	$125	04/17/2026		S			246,000	04/17/2026	11/20/2026	Common Stock	246,000	$7.4757	246,000	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 Fertitta Entertainment, LLC.

	/s/ Tilman J. Fertitta	04/21/2026
	Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President	04/21/2026
	Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President	04/21/2026
	Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President	04/21/2026
	** 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)

FAQ

What insider transaction did Fertitta entities report in WYNN stock?

A Fertitta-affiliated entity reported selling call options tied to 246,000 Wynn Resorts shares. The options carry a $125.00 exercise price and expire November 20, 2026, representing an open-market derivative sale rather than a direct common stock trade.

Who executed the call option transaction related to WYNN?

The options are held of record by Fertitta Entertainment, LLC. Tilman J. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which indirectly owns Fertitta Entertainment, LLC, so he may be deemed to share beneficial ownership of these derivative securities.

What are the key terms of the Fertitta call options on Wynn Resorts (WYNN)?

The call options relate to 246,000 Wynn Resorts common shares, with a $125.00 exercise price and a November 20, 2026 expiration date. They were sold at an average price of $7.4757 per option, creating an obligation to sell the underlying shares if exercised.

Was this WYNN insider transaction a buy or a sell event?

This was a sell event involving derivative securities. Fertitta Entertainment, LLC engaged in an open-market sale of call options categorized as a derivative transaction, with net-sell activity equivalent to 246,000 underlying Wynn Resorts common shares according to the transaction summary.

Does Tilman J. Fertitta directly hold the WYNN call options mentioned?

The filing states the options are held of record by Fertitta Entertainment, LLC. Tilman J. Fertitta may be deemed to share beneficial ownership through his ownership of Fertitta Entertainment, Inc., but the derivative securities themselves are recorded in the name of Fertitta Entertainment, LLC.