FERTITTA TILMAN J 4

What Happened
Tilman J. Fertitta, reported as a 10% owner of Wynn Resorts (WYNN), disposed of 300,000 shares (reported as a derivative transaction) on March 25, 2026. The shares were sold at $4.25 each for a total reported proceeds of $1,274,670. The filing describes the sale as an "open market or private sale."

Key Details

• Transaction date and price: 2026-03-25, 300,000 shares at $4.25 each.
• Total proceeds: $1,274,670.
• Transaction type: Sale (code S), reported as a derivative disposition.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1 — Fertitta may be deemed to share beneficial ownership of securities held by related entities (Fertitta Entertainment, Inc.; Hospitality Headquarters, Inc.; Fertitta Entertainment, LLC).
  • F2 — Certain options are held of record by Hospitality Headquarters, Inc. (noting record ownership of related option positions).
• Filing timeliness: Form 4 was filed 2026-03-27 for a 2026-03-25 transaction; this appears to be within the normal two-business-day reporting window.

Context
This was a sale by a 10% owner (institutional/major-holder status) and is reported as a derivative disposition rather than a straightforward direct-stock sale; such transactions can reflect sales of derivative instruments or securities held through affiliates. Sales are common and do not by themselves indicate management sentiment about the company’s prospects.