Fertitta-linked entities sell WYNN call options

Entities associated with Tilman J. Fertitta, including Fertitta Entertainment, LLC, reported selling derivative positions tied to WYNN Resorts Ltd. common stock.

Rhea-AI Filing Summary

Entities associated with Tilman J. Fertitta, including Fertitta Entertainment, LLC, reported selling derivative positions tied to WYNN Resorts Ltd. common stock. On 2026-07-30, they sold call options covering 30,000 shares with a strike of $115.00 per share at a premium of $6.0186 per option and additional call options covering 157,000 shares with a strike of $120.00 per share at a premium of $4.5303 per option, all expiring on 2027-02-19. The options are held of record by Fertitta Entertainment, LLC, and Mr. Fertitta may be deemed to share beneficial ownership through his control of related entities.

Insider Trade Summary

Net Seller: 187,000 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 187,000 shs ($892K)

Type	Security	Shares	Price	Value
Sale	Call Option (obligation to sell) F1, F2	30,000	$6.0186	$181K
Sale	Call Option (obligation to sell) F1, F2	157,000	$4.5303	$711K

Holdings After Transaction: Call Option (obligation to sell) — 187,000 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 Fertitta Entertainment, LLC.

Key Figures

Call options sold (underlying shares, $115 strike): 30,000 shares Premium per $115 call option: $6.0186 per option Call options sold (underlying shares, $120 strike): 157,000 shares +3 more

6 metrics

Call options sold (underlying shares, $115 strike) 30,000 shares Call options on WYNN common stock sold on 2026-07-30 at $115.00 strike

Premium per $115 call option $6.0186 per option Price per call option on 30,000 underlying shares of WYNN

Call options sold (underlying shares, $120 strike) 157,000 shares Call options on WYNN common stock sold on 2026-07-30 at $120.00 strike

Premium per $120 call option $4.5303 per option Price per call option on 157,000 underlying shares of WYNN

Total underlying shares in call option sales 187,000 shares Aggregate underlying WYNN common shares referenced in reported derivative sales

Option expiration date 2027-02-19 Expiration for both reported series of WYNN call options

Key Terms

Call Option (obligation to sell), beneficial ownership, indirect owner, held of record

4 terms

Call Option (obligation to sell) financial

"security_title is listed as "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.

indirect owner financial

"the sole indirect owner of Fertitta Entertainment, LLC"

held of record financial

"The options are held of record by Fertitta Entertainment, LLC"

FAQ

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

What derivative transactions did WYNN insider-affiliated entities report on this Form 4?

Entities associated with Tilman J. Fertitta reported selling call options on 187,000 shares of WYNN common stock on 2026-07-30, in two tranches with different strike prices and premiums, expiring on 2027-02-19.

What were the strike prices and premiums of the WYNN call options sold?

The entities sold call options with a $115.00 strike at a premium of $6.0186 per option on 30,000 underlying shares and options with a $120.00 strike at a premium of $4.5303 per option on 157,000 underlying shares.

Who holds the WYNN call options referenced in this Form 4?

The filing states the options are held of record by Fertitta Entertainment, LLC. Mr. Tilman J. Fertitta may be deemed to share beneficial ownership through his control of Fertitta Entertainment, Inc. and related entities.

How many WYNN shares are covered by the call options sold by Fertitta-affiliated entities?

The reported call option sales cover a total of 187,000 underlying shares of WYNN common stock, consisting of 30,000 shares at a $115.00 strike and 157,000 shares at a $120.00 strike.

When do the WYNN call options sold by Fertitta-related entities expire?

Both sets of call options sold by Fertitta-related entities expire on 2027-02-19. The transactions were executed on 2026-07-30, creating obligations to sell WYNN shares at the specified strike prices if exercised by that date.

Is the Tilman Fertitta WYNN Form 4 tied to a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not checked, and the footnotes do not reference any trading plan. The reported WYNN call option sales are therefore not identified as being made under a Rule 10b5-1 plan.

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

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Accepted by SEC EDGAR 08/12/2026 - 07:30 PM EDT Learn about SEC filing dates

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)
07/30/2026

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)	$115	07/30/2026		S			30,000	07/30/2026	02/19/2027	Common Stock	30,000	$6.0186	30,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$120	07/30/2026		S			157,000	07/30/2026	02/19/2027	Common Stock	157,000	$4.5303	157,000	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	08/12/2026
	Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President	08/12/2026
	Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President	08/12/2026
	Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President	08/12/2026
	** 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)