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Wynn Resorts (NASDAQ: WYNN) holder writes large call option blocks

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

Rhea-AI Filing Summary

Wynn Resorts Ltd. insider entities reported new derivative transactions involving call options on the company’s common stock. On February 5 and 6, 2026, Hospitality Headquarters, Inc. entered into several “call option (obligation to sell)” trades at strike prices of $130, $135 and $140 with expirations on August 21 and August 28, 2026.

Each transaction covered blocks of 100,000 or 200,000 call options, with reported option prices ranging from $3.5511 to $7.4246 per underlying share. The positions are reported as held indirectly, and a footnote states that Tilman J. Fertitta, through Fertitta Entertainment, Inc., may be deemed to share beneficial ownership of securities held by Hospitality Headquarters, Inc. and related entities.

Positive

  • None.

Negative

  • None.
Insider FERTITTA TILMAN J, Fertitta Entertainment, Inc., Hospitality Headquarters Inc, Fertitta Entertainment, LLC
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold 850,000 shs ($4.52M)
Type Security Shares Price Value
Sale Call Option (obligation to sell) 200,000 $7.4246 $1.48M
Sale Call Option (obligation to sell) 100,000 $5.274 $527K
Sale Call Option (obligation to sell) 100,000 $4.1734 $417K
Sale Call Option (obligation to sell) 150,000 $5.80 $870K
Sale Call Option (obligation to sell) 150,000 $4.5695 $685K
Sale Call Option (obligation to sell) 150,000 $3.5511 $533K
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.
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 TX 77027
(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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) $130 02/05/2026 S 150,000 08/21/2026 08/21/2026 Common Stock 150,000 $5.8 150,000 I See footnotes(1)(2)
Call Option (obligation to sell) $135 02/05/2026 S 150,000 08/21/2026 08/21/2026 Common Stock 150,000 $4.5695 150,000 I See footnotes(1)(2)
Call Option (obligation to sell) $140 02/05/2026 S 150,000 08/21/2026 08/21/2026 Common Stock 150,000 $3.5511 150,000 I See footnotes(1)(2)
Call Option (obligation to sell) $130 02/06/2026 S 200,000 08/28/2026 08/28/2026 Common Stock 200,000 $7.4246 200,000 I See footnotes(1)(2)
Call Option (obligation to sell) $135 02/06/2026 S 100,000 08/28/2026 08/28/2026 Common Stock 100,000 $5.274 100,000 I See footnotes(1)(2)
Call Option (obligation to sell) $140 02/06/2026 S 100,000 08/28/2026 08/28/2026 Common Stock 100,000 $4.1734 100,000 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 TX 77027
(City) (State) (Zip)
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 TX 77027
(City) (State) (Zip)
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 TX 77027
(City) (State) (Zip)
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 TX 77027
(City) (State) (Zip)
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 02/09/2026
Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President 02/09/2026
Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President 02/09/2026
Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President 02/09/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Fertitta-affiliated entities report in this WYNN Form 4 filing?

They reported multiple transactions in call options tied to Wynn Resorts Ltd. common stock. These options were written with an obligation to sell shares at set prices and were reported as indirectly owned by entities associated with Tilman J. Fertitta.

What type of derivative securities were involved for WYNN in this Form 4?

The filing shows transactions in “Call Option (obligation to sell)” derivative securities on Wynn Resorts common stock. Writing these call options means the holder is obligated to sell shares at the specified strike prices if the options are exercised by the counterparty.

On what dates were the WYNN call option transactions reported and when do they expire?

The transactions were dated February 5 and 6, 2026. The reported call options have expiration dates of August 21, 2026 and August 28, 2026, defining how long the option buyers can choose to exercise their rights.

What strike prices and premiums were reported for the WYNN call options?

The call options carry strike prices of $130, $135, and $140 per share. Reported option prices per underlying share range from about $3.5511 to $7.4246, reflecting the consideration received for writing these obligations to sell Wynn Resorts stock.

Who actually holds the WYNN options in this Form 4, and how is Tilman Fertitta involved?

A footnote states the options are held of record by Hospitality Headquarters, Inc.. Another footnote explains Tilman J. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which owns Hospitality Headquarters, so he may be deemed to share beneficial ownership of those securities.

How large were the individual WYNN call option blocks in the reported trades?

Each reported transaction involves sizable blocks of 100,000 or 200,000 call options on Wynn Resorts stock. These large contract sizes indicate significant option positions, all reported as indirectly owned through Hospitality Headquarters, Inc. under the Form 4 disclosure.