Fertitta entity sells call options on Wynn Resorts
Wynn Resorts Ltd disclosed that entities associated with Tilman J. Fertitta, a ten percent owner, reported selling call option positions tied to the company’s common stock.
Rhea-AI Filing Summary
Wynn Resorts Ltd disclosed that entities associated with Tilman J. Fertitta, a ten percent owner, reported selling call option positions tied to the company’s common stock. The options are held of record by Hospitality Headquarters, Inc., an entity indirectly controlled through Fertitta Entertainment, Inc.
On June 5, 2026, Hospitality Headquarters, Inc. reported open-market sales of two blocks of call options: 125,000 options at $4.4678 per option with a $122.00 exercise price, and 125,000 options at $5.1999 per option with a $119.00 exercise price. Each series covers 125,000 shares of Wynn Resorts common stock and is scheduled to expire on December 11, 2026, resulting in call option exposure over an aggregate 250,000 underlying shares held indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 250,000 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
250,000 shs ($1.21M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Call Option (obligation to sell) | 125,000 | $5.1999 | $650K |
| Sale | Call Option (obligation to sell) | 125,000 | $4.4678 | $558K |
Holdings After Transaction:
Call Option (obligation to sell) — 250,000 contracts (Indirect, See footnotes)
Footnotes (2)
- 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.
- F2. The options are held of record by Hospitality Headquarters, Inc.
Key Figures
Call options sold (series 1): 125,000 options at $4.4678
Call options sold (series 2): 125,000 options at $5.1999
Aggregate call options sold: 250,000 options
+4 more
7 metrics
Call options sold (series 1)
125,000 options at $4.4678
Call Option (obligation to sell), exercise price $122.00, June 5, 2026
Call options sold (series 2)
125,000 options at $5.1999
Call Option (obligation to sell), exercise price $119.00, June 5, 2026
Aggregate call options sold
250,000 options
Net derivative sell transactions on June 5, 2026
Exercise price (series 1)
$122.00 per share
Underlying Wynn Resorts common stock, expiration December 11, 2026
Exercise price (series 2)
$119.00 per share
Underlying Wynn Resorts common stock, expiration December 11, 2026
Expiration date
December 11, 2026
Both call option series on Wynn Resorts common stock
Net buy/sell direction
-250,000 shares equivalent
Transaction summary netBuySellShares for derivatives
Key Terms
Call Option (obligation to sell), beneficial ownership, ten percent owner, open-market sale, +1 more
5 terms
Call Option (obligation to sell) financial
"security_title: 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.
ten percent owner financial
"each reporting person is identified as a ten percent owner"
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.
indirect ownership financial
"ownership_type: indirect and nature_of_ownership: See footnotes"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who actually holds the Wynn (WYNN) call options mentioned in the filing?
The filing states that the options are held of record by Hospitality Headquarters, Inc. Footnotes explain that Tilman J. Fertitta indirectly controls this entity through Fertitta Entertainment, Inc., so he may be deemed to share beneficial ownership of these derivative positions.
What are the key terms of the Wynn (WYNN) call options sold on June 5, 2026?
On June 5, 2026, Hospitality Headquarters, Inc. reported selling 125,000 call options at $4.4678 with a $122.00 exercise price and another 125,000 at $5.1999 with a $119.00 exercise price. Both series reference Wynn Resorts common stock and expire December 11, 2026.
How large is the Wynn (WYNN) derivative position reported in this Form 4?
The transaction summary shows net sales of 250,000 derivative instruments, all classified as call options with obligations to sell Wynn Resorts common stock. Each option corresponds to one underlying share, so the reported call positions relate to 250,000 underlying shares in total.
Is Tilman Fertitta a ten percent owner of Wynn (WYNN) in this filing?
Yes. The reporting section identifies Tilman J. Fertitta, Fertitta Entertainment, Inc., Hospitality Headquarters, Inc., and Fertitta Entertainment, LLC each as ten percent owners. Footnotes indicate Fertitta indirectly controls these entities and may share beneficial ownership of their Wynn-related holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
