FERTITTA TILMAN J 4

What Happened

• Tilman J. Fertitta, reported as a 10% owner of Wynn Resorts (WYNN), disposed of 300,000 shares in a transaction labeled as a derivative sale (open market or private sale) on June 1, 2026. The shares were sold at $5.67 per share for a total reported value of $1,700,400.
• This was a sale (S), not a purchase — sales are common insider activity and are not by themselves proof of sentiment.

Key Details

• Transaction date and price: 2026-06-01 at $5.67 per share.
• Shares sold: 300,000; Total proceeds: $1,700,400.
• Transaction type: Reported as a derivative disposal (S — open market or private sale).
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Filing date / timeliness: Form 4 was filed 2026-06-03 for a 2026-06-01 transaction; this appears timely (Form 4 is generally due within 2 business days).
• Relevant footnotes:
  • F1: Mr. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which indirectly owns other entities; 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.

Context

• The filing classifies the disposal as a derivative transaction; the form does not state whether this involved selling underlying shares after option exercise or another derivative mechanism. For 10% owners like Mr. Fertitta, reported holdings often include securities held by related entities rather than only personal accounts.