FERTITTA TILMAN J 4

What Happened Tilman J. Fertitta, reported as a 10% owner of Wynn Resorts (WYNN), disposed of 275,000 shares on April 14, 2026. The filing shows the shares were sold (transaction code S) at $4.68 per share for total proceeds of $1,287,853. The transaction is reported as a derivative sale (open market or private sale).

Key Details

• Transaction date and price: 2026-04-14 — 275,000 shares at $4.68 each.
• Total proceeds: $1,287,853.
• Filing date: Form 4 filed 2026-04-16 (filed within two business days of the transaction).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes from the filing:
  • 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; he may be deemed to share beneficial ownership of securities held by those entities.
  • F2: Certain options are held of record by Hospitality Headquarters, Inc.
• Transaction type: marked as a derivative disposition — the filing does not indicate an options exercise or a cashless exercise in this record.

Context This is a reported sale by a 10% owner and is classified as a derivative disposition in the Form 4. For retail investors: sales by large holders can be routine or part of entity-level rebalancing and do not by themselves indicate management sentiment about company prospects. The filing appears timely (filed two days after the transaction).