WYNN 10% Owner Tilman Fertitta Sells 600,000 Shares

What Happened
Tilman J. Fertitta, a reported 10% owner of Wynn Resorts Ltd. (WYNN), disposed of a total of 600,000 shares in two derivative sale transactions. On July 23, 2026 he sold 300,000 shares at $3.83 each for $1,150,200, and on July 24, 2026 he sold 300,000 shares at $3.96 each for $1,189,200 — total proceeds of $2,339,400. These were dispositions (sales) of derivative securities, not purchases.

Key Details

• Transaction dates and prices:
  • 2026-07-23: Sold 300,000 shares @ $3.83 = $1,150,200 (derivative)
  • 2026-07-24: Sold 300,000 shares @ $3.96 = $1,189,200 (derivative)
• Total proceeds: $2,339,400
• Filing: Form 4 filed on 2026-07-27 (within the standard two-business-day filing window for these trades)
• Shares owned after transaction: Not specified in the summary provided / not stated in the details shared here
• Footnotes of note:
  • F1: 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: The options/derivative securities involved are held of record by Hospitality Headquarters, Inc.

Context
These transactions are disposals of derivative securities by a 10% owner — institutional/ownership-level transactions rather than an ordinary employee stock buy/sell signal. Sales do not necessarily indicate negative company fundamentals; they may reflect liquidity needs, portfolio rebalancing, or other non-public reasons. The filing identifies the trades as derivative dispositions and notes the record ownership of the options by affiliated entities per the footnotes.