FERTITTA TILMAN J 4

What Happened

• Tilman J. Fertitta, a reported 10% owner of Wynn Resorts Ltd. (WYNN), disposed of 400,000 derivative shares on April 8, 2026 in four transactions. Each block was 100,000 shares sold at $5.09, $4.53, $3.96 and $3.39, generating total proceeds of $1,696,870. These were sales (dispositions) of derivative securities (option-based holdings), not outright purchases.

Key Details

• Transaction date: 2026-04-08 (filed on 2026-04-10)
• Individual trades: 100,000 shares @ $5.09 = $509,330; 100,000 @ $4.53 = $452,550; 100,000 @ $3.96 = $395,880; 100,000 @ $3.39 = $339,110
• Total shares sold: 400,000; Total proceeds: $1,696,870
• Shares owned after transaction: not specified in the provided filing
• Footnotes:
  • F1: Fertitta may be deemed to share beneficial ownership of securities held by related entities (Fertitta Entertainment, Hospitality Headquarters, Fertitta Entertainment LLC).
  • F2: The options/disposed derivative securities are held of record by Hospitality Headquarters, Inc.
• Filing timeliness: Transaction occurred Apr 8 and Form 4 was filed Apr 10, 2026 — appears timely based on the provided dates (no late- filing flag indicated).

Context

• These were dispositions of derivative securities (options held of record by a related entity), per the footnotes — not new open-market purchases. Sales by large shareholders can be routine (liquidity, portfolio management) and are typically less informative than purchases when assessing insider sentiment. As a reported 10% owner controlling related entities, Fertitta’s holdings are institutional/owner-level rather than a straightforward executive paycheck trade.