FERTITTA TILMAN J 4

What Happened
Tilman J. Fertitta, reported as a 10% owner of Wynn Resorts Ltd. (WYNN), disposed of derivative securities representing a total of 400,000 shares on April 1, 2026. The sales were reported as two open-market/private disposals: 200,000 shares at $4.37 for $874,260 and 200,000 shares at $3.90 for $779,640, for aggregate proceeds of approximately $1,653,900. This filing reports sales (dispositions) rather than purchases — sales are common and do not by themselves indicate company outlook.

Key Details

• Transaction dates and prices: Apr 1, 2026 — 200,000 shares sold at $4.37 ($874,260) and 200,000 shares sold at $3.90 ($779,640).
• Total shares reported sold: 400,000; total proceeds ≈ $1,653,900.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 notes Fertitta’s indirect ownership of the record holders (he is sole shareholder of Fertitta Entertainment, Inc., which controls Hospitality Headquarters, Inc. and Fertitta Entertainment, LLC). F2 notes the options/derivative securities are held of record by Hospitality Headquarters, Inc.
• Filing timeliness: Form filed Apr 3, 2026 for an Apr 1 transaction — appears timely (filed within the usual two-business-day window).

Context
The reported transactions are “derivative” dispositions and the filing’s footnotes indicate the securities/options are held by affiliated entities; as a reported 10% owner, Fertitta’s trades reflect institutional/affiliate-held positions rather than necessarily direct executive trading. For retail investors, purchases generally carry more interpretive weight; recorded sales like these are informational but not by themselves evidence of management sentiment.