SATRE PHILIP G 4

What Happened

• Philip G. Satre, a director of Wynn Resorts Ltd. (WYNN), exercised 10,827 derivative securities (option exercise) on 2026-05-28 at an exercise price of $81.55 per share, for a total exercise cost of approximately $882,942. The filing also shows the same 10,827 shares were immediately disposed of at $0.00 (derivative disposition).

Key Details

• Transaction date: 2026-05-28 (reported on Form 4 filed 2026-05-29).
• Exercise: 10,827 shares acquired @ $81.55 each (total ~$882,942). Transaction code: M (option exercise).
• Disposition: 10,827 shares disposed @ $0.00 (derivative). Transaction code: M (reported as a simultaneous disposition).
• Shares owned after transaction: not provided in the excerpt of this summary.
• Filing timeliness: Form filed one day after the reported transaction date (no late filing indicated).
• Notable: The simultaneous acquisition and $0.00 disposition typically reflects a cashless exercise or share surrender to satisfy taxes/withholding or option payment obligations (common practice); the Form lists the derivative entries rather than an open-market sale.

Context

• For options exercises, a simultaneous surrender of shares usually means the insider did not add net new shares to their holding — instead, shares were used to cover exercise costs or tax withholding. This is routine and not the same signal as an outright open-market purchase (more bullish) or a sale for cash.