Tilman J. Fertitta, a director and 10% owner of Wynn Resorts Ltd, filed a Form 4 on October 28, 2026, reporting the sale of two tranches of call options (obligations to sell) in Wynn Resorts common stock on October 26, 2026, held indirectly through Hospitality Headquarters, Inc.

Key Highlights

  • Two derivative transactions: Fertitta disposed of 300,000 call options (obligation to sell) at a strike price of $95 and 300,000 call options at a strike price of $96, both on October 26, 2026.
  • Transaction prices: The $95-strike options were sold at $1.8755 each; the $96-strike options were sold at $1.7612 each, according to the filing.
  • Expiration date: Both sets of call options carry an expiration date of April 30, 2027, with the same date listed as exercisable.
  • Remaining holdings: Following the reported transactions, 300,000 derivative securities are listed as beneficially owned following each reported transaction, held indirectly.
  • Indirect ownership: The options are held of record by Hospitality Headquarters, Inc., which is controlled through Fertitta Entertainment, Inc., of which Tilman J. Fertitta is the sole shareholder.
  • Reporting persons: The filing is made jointly by Tilman J. Fertitta, Fertitta Entertainment, Inc., Hospitality Headquarters, Inc., and Fertitta Entertainment, LLC, all identified as 10% owners.

Fertitta's Call Option Disposals in Wynn Resorts on October 26, 2026

According to the filing, Tilman J. Fertitta reported two sales of call options representing obligations to sell Wynn Resorts Ltd (NASDAQ:WYNN) common stock. On October 26, 2026, 300,000 call options with a strike price of $95 were disposed of at a price of $1.8755 per option, and a separate tranche of 300,000 call options with a strike price of $96 were disposed of at $1.7612 per option. Both tranches carry an expiration date of April 30, 2027.

The filing discloses that the options are held of record by Hospitality Headquarters, Inc. The filing explains the ownership chain as follows: "Mr. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which is the sole shareholder of Hospitality Headquarters, Inc. and the sole indirect owner of Fertitta Entertainment, LLC. As such, Mr. Fertitta may be deemed to share beneficial ownership of the securities held of record by Fertitta Entertainment, Inc., Hospitality Headquarters, Inc. and Fertitta Entertainment, LLC." All four entities are listed as reporting persons and each is identified as a 10% owner of Wynn Resorts Ltd.

No transactions in non-derivative securities (Table I) were reported in this filing. The filing does not indicate whether any transaction was made pursuant to a Rule 10b5-1(c) plan, as that checkbox was not checked. The filing was signed on October 28, 2026, by Tilman J. Fertitta individually and by representatives of each of the three affiliated entities.

What Was Disclosed

Tilman J. Fertitta and affiliated entities disclosed the sale of a combined 600,000 call options (obligations to sell) in Wynn Resorts common stock on October 26, 2026, at prices of $1.8755 and $1.7612, with options held indirectly through Hospitality Headquarters, Inc.