FERTITTA TILMAN J 4

What Happened
Tilman J. Fertitta, a reported 10% owner of Wynn Resorts Ltd. (WYNN), disposed of 246,000 shares on April 17, 2026. The shares were sold at $7.48 each for a total of approximately $1,839,022. The transaction is reported as a sale of derivative-linked securities (filed on Apr 21, 2026).

Key Details

• Transaction date: 2026-04-17; Filing date (Form 4): 2026-04-21.
• Trade: Sale (S) of 246,000 shares at $7.48 per share; total value ≈ $1,839,022.
• Reported as a derivative disposition (noted in the filing).
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnotes:
  • F1: Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which controls related entities; he may be deemed to share beneficial ownership of securities held by those entities.
  • F2: Options/derivative instruments are held of record by Fertitta Entertainment, LLC.
• Timeliness: Filing on Apr 21 for an Apr 17 trade is within the SEC’s two-business-day Form 4 reporting window.

Context
This is a sale by a 10% owner and was reported as a derivative-related disposition; such filings can reflect transactions by an owner’s entities rather than direct executive trades. Sales are common and don’t necessarily signal a change in company fundamentals—purchases are typically more informative about insider optimism.