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  4. [Form 4] WYNN RESORTS LTD Insider Trading Activity

Wynn Resorts (NASDAQ: WYNN) holders sell 700k call options

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

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.

Positive

  • None.

Negative

  • None.
Insider FERTITTA TILMAN J, Fertitta Entertainment, Inc., Hospitality Headquarters Inc, Fertitta Entertainment, LLC
Role null | null | null | null
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) — 200,000 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.
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
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.
Form 4 Insider Transactions: What Each Field Means →
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)
05/22/2026		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)$11605/22/2026S300,00011/27/202611/27/2026Common Stock300,000$3.5725300,000ISee footnotes(1)(2)
Call Option (obligation to sell)$11405/26/2026S200,00011/27/202611/27/2026Common Stock200,000$4.3745200,000ISee footnotes(1)(2)
Call Option (obligation to sell)$11705/26/2026S200,00011/27/202611/27/2026Common Stock200,000$3.6569200,000ISee 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. Fertitta05/27/2026
Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President05/27/2026
Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President05/27/2026
Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President05/27/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

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.