Kevyn and Gillian Wynn disclose 9.17% WYNN holdings; trust ownership detailed

Rhea-AI Filing Summary

Wynn Resorts Ltd (WYNN) Schedule 13G discloses that Kevyn Wynn and Gillian Wynn each report beneficial ownership of 9,539,077 shares of common stock, representing 9.17% of the class. Those shared holdings arise from trustee roles over trusts that together hold 9,439,351 shares in the Elaine P. Wynn Family Trust - 2016 and 99,726 shares in the EPW 2020 Five Year Trust. The filing cites 103,976,531 shares outstanding (as of July 30, 2025) as the basis for the percentage. The reporting persons state the holdings were not acquired to change or influence control of the issuer. Signatures are dated August 31, 2025.

Positive

• Clear disclosure of substantial ownership: Each reporting person discloses a 9.17% beneficial stake, exceeding the 5% reporting threshold.
• Use of trusts is transparently reported: The filing details that 9,439,351 shares are held by the Elaine P. Wynn Family Trust and 99,726 by the EPW 2020 Five Year Trust.
• Certification of non-control intent: Reporting persons certify the holdings were not acquired to change or influence control of the issuer.

Negative

• Concentrated family holdings: Shared voting and dispositive power over a material block (9.17%) may warrant governance scrutiny even if not claimed for control.
• Timing/transaction detail absent: The filing does not disclose any recent acquisitions or dispositions tied to these holdings in this statement.

Insights

Securities Analyst

TL;DR: Two insiders report combined positions equal to 9.17% of WYNN, a materially disclosed stake but presented as non-control.

The filing shows substantial shared beneficial ownership through trusts, using 103,976,531 shares outstanding to calculate a 9.17% stake for each reporting person. For investors, a disclosed position above 5% is material because it must be monitored for potential governance influence or future transactions. The statement explicitly denies acquisition for control purposes, and the Joint Filing Agreement is attached as Exhibit 1. No purchases, sales, or transaction dates are reported within this filing.

Corporate Governance Expert

TL;DR: Trustee-held shares create shared voting/dispositive power; disclosure is routine but relevant for governance awareness.

The Elaine P. Wynn Family Trust holds 9,439,351 shares with sole voting and dispositive power reported by the trust, while Kevyn and Gillian Wynn report shared voting and dispositive power over 9,539,077 shares. This structure means governance influence is concentrated through family trusts and trusteeship rather than direct sole control. The filing’s certification that the holdings are not intended to change control is important; however, shareholders and governance watchers should note the concentration and the formal joint filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

WYNN RESORTS LTD

(Name of Issuer)

Common Stock

(Title of Class of Securities)

983134107

(CUSIP Number)

05/16/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 983134107

1

Names of Reporting Persons

Wynn Kevyn Q.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 9,539,077.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 9,539,077.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,539,077.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.17 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (1) Consists of 9,439,351 shares of Common Stock owned by Elaine P. Wynn Family Trust - 2016 dtd 5/24/2016 and 99,726 shares of Common Stock owned by EPW 2020 Five Year Trust dtd 3/31/2020, for each of which the reporting person serves as trustee. (2) Based on 103,976,531 shares outstanding as of July 30, 2025, as reported in the issuer's Quarterly report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13G

CUSIP No. 983134107

1

Names of Reporting Persons

Wynn Gillian

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 9,539,077.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 9,539,077.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,539,077.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.17 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (1) Consists of 9,439,351 shares of Common Stock owned by Elaine P. Wynn Family Trust - 2016 dtd 5/24/2016 and 99,726 shares of Common Stock owned by EPW 2020 Five Year Trust dtd 3/31/2020, for each of which the reporting person serves as trustee. (2) Based on 103,976,531 shares outstanding as of July 30, 2025, as reported in the issuer's Quarterly report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13G

CUSIP No. 983134107

1

Names of Reporting Persons

Elaine P. Wynn Family Trust - 2016 dtd 5/24/2016

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEVADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 9,439,351.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 9,439,351.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,439,351.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.08 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: (1) Based on 103,976,531 shares outstanding as of July 30, 2025, as reported in the issuer's Quarterly report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: WYNN RESORTS LTD
(b)	Address of issuer's principal executive offices: 3131 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Item 2.
(a)	Name of person filing: Kevyn Wynn Gillian Wynn Elaine P. Wynn Family Trust - 2016 dtd 5/24/2016
(b)	Address or principal business office or, if none, residence: Kevyn Wynn, Gillian Wynn, and Elaine P. Wynn Family Trust - 2016 dtd 5/24/2016: 11812 San Vicente Blvd., Ste. 200 Los Angeles, California 90049
(c)	Citizenship: Kevyn Wynn - USA Gillian Wynn - USA Elaine P. Wynn Family Trust - 2016 dtd 5/24/2016 Nevada
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 983134107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Kevyn Wynn - 9,539,077 Gillian Wynn - 9,539,077 Elaine P. Wynn Family Trust - 2016 dtd 5/24/2016 - 9,439,351
(b)	Percent of class: Kevyn Wynn - 9.17% Gillian Wynn - 9.17% Elaine P. Wynn Family Trust - 2016 dtd 5/24/2016 - 9.08%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Kevyn Wynn - 0 Gillian Wynn - 0 Elaine P. Wynn Family Trust - 2016 dtd 5/24/2016 - 9.08%
	(ii) Shared power to vote or to direct the vote: Kevyn Wynn - 9.17% Gillian Wynn - 9.17% Elaine P. Wynn Family Trust - 2016 dtd 5/24/2016 - 0
	(iii) Sole power to dispose or to direct the disposition of: Kevyn Wynn - 0 Gillian Wynn - 0 Elaine P. Wynn Family Trust - 2016 dtd 5/24/2016 - 9.08%
	(iv) Shared power to dispose or to direct the disposition of: Kevyn Wynn - 9.17% Gillian Wynn - 9.17% Elaine P. Wynn Family Trust - 2016 dtd 5/24/2016 - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Wynn Kevyn Q.

Signature:	/s/ Kevyn Wynn
Name/Title:	Kevyn Wynn
Date:	08/31/2025

Wynn Gillian

Signature:	/s/ Gillian Wynn
Name/Title:	Gillian Wynn
Date:	08/31/2025

Elaine P. Wynn Family Trust - 2016 dtd 5/24/2016

Signature:	/s/ Gillian Wynn
Name/Title:	Gillian Wynn, Co-Trustee
Date:	08/31/2025

Exhibit Information

Exhibit 1 - Joint Filing Agreement

FAQ

What percentage of WYNN does Kevyn Wynn report owning?

Kevyn Wynn reports beneficial ownership of 9,539,077 shares, equal to 9.17% of WYNN based on 103,976,531 shares outstanding.

What holdings are attributed to the Elaine P. Wynn Family Trust?

The trust holds 9,439,351 shares of WYNN, representing 9.08% of the class per the filing.

Does this Schedule 13G indicate an intent to change control of Wynn Resorts?

No; the filing includes a certification stating the securities were not acquired and are not held for the purpose of changing or influencing control of the issuer.

What share count was used to calculate the percentage ownership?

The filing uses 103,976,531 shares outstanding as of July 30, 2025 to compute the percentage ownerships.

Who signed the Schedule 13G and when?

Signatures on the filing are by Kevyn Wynn, Gillian Wynn, and Gillian Wynn as Co-Trustee for the trust, all dated August 31, 2025.