Fertitta entities (NASDAQ: WYNN) sell call options on 550,000 Wynn shares

Rhea-AI Filing Summary

WYNN RESORTS LTD insider entities associated with Tilman J. Fertitta reported selling call options referencing a total of 550,000 shares of Wynn common stock. The options, held of record by Hospitality Headquarters, Inc., give buyers the right to purchase shares at strike prices of $118, $121 and $122 per share.

The calls were written in three tranches: 300,000 option contracts at $4.9429 per share on 300,000 underlying shares, and two blocks of 125,000 contracts each at $6.2902 and $7.3589 per share on 125,000 underlying shares each. All options are scheduled to expire on December 18, 2026, and represent indirect derivative positions rather than immediate sales of Wynn common stock.

Insights

Equity derivatives analyst

Fertitta-linked entities sold call options on 550,000 Wynn shares, creating capped-upside exposure through 2026.

The transactions show Hospitality Headquarters, Inc., an entity tied to Tilman J. Fertitta, selling call options over Wynn common stock. Strike prices of $118–$122 with premiums around $4.94–$7.36 indicate willingness to cap upside above those levels through December 18, 2026.

Because these are derivative sales rather than outright stock sales, the entity retains current ownership but assumes obligations to deliver shares if exercised. The filing does not show remaining derivative positions beyond these, so future filings will be important to see whether the strategy is expanded or unwound.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider FERTITTA TILMAN J, Fertitta Entertainment, Inc., Hospitality Headquarters Inc, Fertitta Entertainment, LLC

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner

Sold 550,000 shs ($3.19M)

Type	Security	Shares	Price	Value
Sale	Call Option (obligation to sell)	300,000	$4.9429	$1.48M
Sale	Call Option (obligation to sell)	125,000	$7.3589	$920K
Sale	Call Option (obligation to sell)	125,000	$6.2902	$786K

Holdings After Transaction: Call Option (obligation to sell) — 550,000 shares (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.

Key Figures

Total underlying shares: 550,000 shares First option tranche size: 300,000 options Second option tranche size: 125,000 options +3 more

6 metrics

Total underlying shares 550,000 shares Underlying common stock referenced by sold call options

First option tranche size 300,000 options Call options at $4.9429 premium, $122 strike

Second option tranche size 125,000 options Call options at $6.2902 premium, $121 strike

Third option tranche size 125,000 options Call options at $7.3589 premium, $118 strike

Strike price range $118–$122 per share Exercise prices for Wynn common stock

Expiration date December 18, 2026 Expiration for all reported call options

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

"is_ten_percent_owner: 1"

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.

underlying security financial

"underlying_security_title: "Common Stock""

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/11/2026 - 04:31 PM Accepted by SEC EDGAR 06/11/2026 - 04:30 PM Learn about SEC filing dates

FAQ

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

Entities associated with Tilman J. Fertitta reported selling call options over 550,000 shares of Wynn Resorts common stock. The options are held by Hospitality Headquarters, Inc. and represent obligations to sell shares at preset prices rather than immediate stock sales.

How many Wynn Resorts shares are covered by the sold call options?

The reported call option sales reference a total of 550,000 underlying Wynn Resorts shares. This consists of one block of 300,000 underlying shares and two additional blocks of 125,000 underlying shares each, all tied to separate option tranches.

What strike prices apply to the WYNN call options sold by Fertitta-linked entities?

The call options carry strike prices of $118, $121, and $122 per share. Each strike price applies to a distinct tranche of options, defining the price at which buyers can require the seller to deliver Wynn common stock before expiration.

What premiums did Fertitta-related entities receive for the WYNN call options?

Reported transaction prices per option were $4.9429, $6.2902, and $7.3589 per share. These amounts reflect the option premiums received for each tranche, compensating the seller for granting buyers the right to purchase Wynn shares at the specified strike prices.

When do the Fertitta-linked WYNN call option contracts expire?

All reported call option contracts are scheduled to expire on December 18, 2026. Up to that date, option holders can exercise their rights to buy Wynn Resorts common stock at the agreed strike prices if exercising is economically attractive.

Who holds the WYNN call options sold in this Tilman Fertitta Form 4 filing?

The filing states that the options are held of record by Hospitality Headquarters, Inc.. Footnotes explain that Tilman J. Fertitta controls related entities and may be deemed to share beneficial ownership of securities held by these Fertitta-affiliated companies.

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)
06/09/2026

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)	$118	06/09/2026		S			125,000	12/18/2026	12/18/2026	Common Stock	125,000	$7.3589	125,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$121	06/09/2026		S			125,000	12/18/2026	12/18/2026	Common Stock	125,000	$6.2902	125,000	I	See footnotes(1)(2)
Call Option (obligation to sell)	$122	06/10/2026		S			300,000	12/18/2026	12/18/2026	Common Stock	300,000	$4.9429	300,000	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 Hospitality Headquarters, Inc.

	/s/ Tilman J. Fertitta	06/11/2026
	Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President	06/11/2026
	Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President	06/11/2026
	Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President	06/11/2026
	** 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)