FERTITTA TILMAN J 4

What Happened
Tilman J. Fertitta, reported as a 10% owner of Wynn Resorts (WYNN), disposed of a total of 250,000 derivative securities on June 5, 2026. The sales were two open-market/private disposals of 125,000 units at $5.20 (total $649,988) and 125,000 units at $4.47 (total $558,475), for an aggregate proceeds of about $1,208,463. The Form 4 lists these as derivative transactions (dispositions), not direct purchases of common stock.

Key Details

• Transaction dates: 2026-06-05
• Prices and amounts: 125,000 @ $5.20 ($649,988) and 125,000 @ $4.47 ($558,475); total ≈ $1.21M
• Security type: Disposition of derivative securities (listed as “Derivative” on the filing)
• Shares owned after transaction: Not specified in the filing
• Filing date: Form filed 2026-06-09 reporting the 2026-06-05 transactions
• Notable footnotes:
  • F1: Mr. Fertitta is sole shareholder of Fertitta Entertainment, Inc., which in turn holds related entities; he may be deemed to share beneficial ownership of securities held by those entities.
  • F2: The options/derivative securities involved are held of record by Hospitality Headquarters, Inc.

Context
These were sales by a reported 10% owner and involved derivative securities (options/rights held by affiliated entities), not straightforward open-market purchases of common stock. Sales by large owners can be routine (portfolio management, entity-level transactions, or other non-personal reasons); the filing does not state motivations. The filing reports the disposals and the entities through which the derivative securities are held, which is relevant for understanding indirect ownership.