Fertitta entities write WYNN call options

Wynn Resorts Ltd. insider entities reported new derivative transactions involving call options on the company’s common stock.

Accepted by SEC EDGAR 02/09/2026 - 04:30 PM EST Learn about SEC filing dates

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.

Insider Trade Summary

Net Seller: 850,000 shares

Net Sell 6 txns

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) — 850,000 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.

FAQ

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

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.

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 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
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