Fertitta entities sell call options on Wynn Resorts

Entities associated with Tilman J. Fertitta reported selling call options on a total of 700,000 shares of WYNN RESORTS LTD common stock.

Accepted by SEC EDGAR 05/27/2026 - 05:15 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Entities associated with Tilman J. Fertitta reported selling call options on a total of 700,000 shares of WYNN RESORTS LTD common stock. The options, described as a “Call Option (obligation to sell)”, carry exercise prices of $114.0000, $116.0000 and $117.0000 per share and are scheduled to expire on November 27, 2026.

The transactions were recorded as open‑market sales of derivative securities, with reported premiums ranging from about $3.5725 to $4.3745 per option. According to the footnotes, the options are held of record by Hospitality Headquarters, Inc., and Mr. Fertitta may be deemed to share beneficial ownership through his control of related Fertitta entities.

Insider Trade Summary

Net Seller: 700,000 shares

Net Sell 3 txns

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

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

Sold 700,000 shs ($2.68M)

Type	Security	Shares	Price	Value
Sale	Call Option (obligation to sell)	200,000	$4.3745	$875K
Sale	Call Option (obligation to sell)	200,000	$3.6569	$731K
Sale	Call Option (obligation to sell)	300,000	$3.5725	$1.07M

Holdings After Transaction: Call Option (obligation to sell) — 700,000 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

Total underlying shares: 700,000 shares First option premium: $3.6569 per option Second option premium: $4.3745 per option +5 more

8 metrics

Total underlying shares 700,000 shares Aggregate common stock underlying reported call options

First option premium $3.6569 per option Sale of 200,000 call options on May 26, 2026

Second option premium $4.3745 per option Sale of 200,000 call options on May 26, 2026

Third option premium $3.5725 per option Sale of 300,000 call options on May 22, 2026

Strike price 1 $117.0000 per share Call options on 200,000 underlying shares

Strike price 2 $114.0000 per share Call options on 200,000 underlying shares

Strike price 3 $116.0000 per share Call options on 300,000 underlying shares

Option expiration date November 27, 2026 Expiration for all reported call options

Key Terms

Call Option (obligation to sell), underlying security, beneficial ownership, indirect ownership, +1 more

5 terms

Call Option (obligation to sell) financial

"security_title: Call Option (obligation to sell)"

underlying security financial

"underlying_security_title: Common Stock"

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 ownership financial

"ownership_type: indirect; ownership_code: I"

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.

FAQ

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

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

Entities linked to Tilman J. Fertitta sold call options on 700,000 shares of Wynn Resorts common stock, creating an obligation to sell shares at preset prices if exercised.

How many Wynn Resorts shares are covered by the Fertitta call options?

The reported call option sales reference an aggregate of 700,000 shares of Wynn Resorts common stock, split across three transactions involving 200,000, 200,000, and 300,000 underlying shares.

What strike prices are on the Fertitta call options in WYNN?

The call options have exercise prices of $114.0000, $116.0000, and $117.0000 per share, meaning buyers can require the Fertitta entities to sell Wynn Resorts shares at those fixed prices before expiration.

When do the reported WYNN Fertitta call options expire?

All three sets of reported call options are scheduled to expire on November 27, 2026, giving counterparties time to exercise their rights to buy Wynn Resorts shares at the agreed strike prices.

Who is the record holder of the WYNN call options linked to Tilman Fertitta?

The filing states that the options are held of record by Hospitality Headquarters, Inc., an entity within the Fertitta structure through which Tilman J. Fertitta may be deemed to share beneficial ownership.

What premiums were received for the WYNN Fertitta call option sales?

The reported sale prices per option were $3.5725, $3.6569, and $4.3745, representing the premiums paid by option buyers for the right to purchase Wynn Resorts shares at the specified strike prices.

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

Form 4 Insider Transactions: What Each Field Means →

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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)
05/22/2026

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)	$116	05/22/2026		S			300,000	11/27/2026	11/27/2026	Common Stock	300,000	$3.5725	300,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$114	05/26/2026		S			200,000	11/27/2026	11/27/2026	Common Stock	200,000	$4.3745	200,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$117	05/26/2026		S			200,000	11/27/2026	11/27/2026	Common Stock	200,000	$3.6569	200,000	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	05/27/2026
	Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President	05/27/2026
	Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President	05/27/2026
	Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President	05/27/2026
	** 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)