FERTITTA TILMAN J 4

What Happened
Tilman J. Fertitta, reported as a 10% owner of Wynn Resorts Ltd. (WYNN), disposed of 250,000 shares on June 3, 2026. The shares were sold at $5.11 each for total proceeds of $1,277,150. The filing classifies the transaction as a derivative disposition and as an open market or private sale (code S).

Key Details

• Transaction date and price: 2026-06-03 — 250,000 shares at $5.11, total $1,277,150.
• Transaction type: Sale (S); reported as a derivative disposal.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnotes of record:
  • F1: Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which is the sole shareholder of Hospitality Headquarters, Inc. and sole indirect owner of Fertitta Entertainment, LLC; he may be deemed to share beneficial ownership of securities held by those entities.
  • F2: Options are held of record by Hospitality Headquarters, Inc.
• Filing timeliness: Form 4 was filed on 2026-06-05 for a 2026-06-03 transaction — appears timely (within the typical two-business-day reporting window).

Context
This sale was reported by a 10% owner (an ownership/insider category distinct from an executive’s routine trades). The transaction is recorded as a derivative disposition and executed via affiliated entities per footnotes; such filings can reflect transfers or sales of shares/options held through holding companies rather than direct executive sale. Sales by insiders can be routine and don’t by themselves indicate company outlook.