FERTITTA TILMAN J 4

What Happened

• Tilman J. Fertitta, a reported 10% owner of Wynn Resorts Ltd. (WYNN), disposed of a total of 300,000 derivative shares via open-market/private sales on June 24, 2026. The sales were in three tranches: 100,000 at $4.30 (≈ $430,110), 100,000 at $4.07 (≈ $406,650), and 100,000 at $3.85 (≈ $384,740), for aggregate proceeds of about $1,221,500. These were sales (not purchases) of derivative securities and are typically routine monetizations rather than an explicit signal of company outlook.

Key Details

• Transaction date: 2026-06-24; Filing date: 2026-06-26 (filed two days after the transactions).
• Tranches/prices/amounts: 100,000 shares @ $4.30 (≈ $430,110); 100,000 @ $4.07 (≈ $406,650); 100,000 @ $3.85 (≈ $384,740). Total ≈ $1,221,500.
• Nature: Disposition of derivative securities (reported as "Derivative" transactions). The Form 4 shows sales (code S).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 notes Mr. Fertitta is sole shareholder of Fertitta Entertainment, Inc., which owns Hospitality Headquarters, Inc. and Fertitta Entertainment, LLC—he may be deemed to share beneficial ownership of securities held by those entities. F2 notes the options (derivative instruments) are held of record by Hospitality Headquarters, Inc.
• Timeliness: Filing appears timely (filed two days after the reported transactions).

Context

• Because these were derivative dispositions (options/option-related instruments held by affiliated entities), the trades represent monetization of positions rather than an open-market purchase. For 10% owners like Mr. Fertitta, transactions often reflect institutional or tax/planning activity through related entities rather than routine executive buying/selling. The filing is factual and does not state the motivation for the sales.