FERTITTA TILMAN J 4

What Happened
Tilman J. Fertitta, reported as a 10% owner of Wynn Resorts Ltd. (WYNN), disposed of a total of 700,000 derivative-based shares in three reported sales between May 22 and May 26, 2026. Transactions: 300,000 shares at $3.57 each ($1,071,750) on May 22; 200,000 shares at $4.37 each ($874,900) on May 26; and 200,000 shares at $3.66 each ($731,380) on May 26. All transactions are reported as sales (dispositions) involving derivative securities, totaling approximately $2,678,030.

Key Details

• Transaction dates & prices:
  • 2026-05-22: 300,000 (derivative) @ $3.57 = $1,071,750
  • 2026-05-26: 200,000 (derivative) @ $4.37 = $874,900
  • 2026-05-26: 200,000 (derivative) @ $3.66 = $731,380
• Total proceeds reported: ~$2,678,030.
• Shares owned after transaction: not specified in the provided summary (see original Form 4 for post-transaction holdings).
• Footnotes of note:
  • F1: Fertitta is sole shareholder of entities (Fertitta Entertainment, Hospitality Headquarters, Fertitta Entertainment LLC) that hold WYNN securities; he may be deemed to share beneficial ownership of those securities.
  • F2: The derivative securities (options) are held of record by Hospitality Headquarters, Inc.
• Filing info: Form 4 filed 2026-05-27 covering transactions with period ending 2026-05-22. No late-filing flag was provided in the supplied data.

Context

• These were dispositions of derivative securities (e.g., options) rather than direct open-market sales of common stock; footnote indicates options were held by an entity controlled by Fertitta. For retail investors: sales by large/10% owners are common and do not necessarily indicate a change in long-term view—check the full Form 4 for remaining holdings and any related option exercise or cashless-sale details.