Tilman J. Fertitta, a director and 10% owner of Wynn Resorts Ltd (NASDAQ:WYNN), filed a Form 4 on August 14, 2026, disclosing the sale of three blocks of call option contracts on Wynn Resorts common stock, all transacted on August 12, 2026.

Key Highlights

  • Three option series sold: Fertitta sold call options (obligations to sell) with strike prices of $118, $119, and $120, each covering 100,000 shares of Wynn Resorts common stock.
  • Transaction date: All three transactions occurred on August 12, 2026.
  • Prices received: The $118-strike options were sold at $4.5878 per share; the $119-strike options at $4.3509; and the $120-strike options at $4.1174.
  • Expiration: All three series carry an expiration date of February 19, 2027.
  • Remaining position: Following each transaction, 100,000 derivative securities in each series are reported as beneficially owned, held indirectly.
  • Holder of record: The options are held of record by Fertitta Entertainment, LLC, according to the filing's footnotes.
  • Ownership structure: 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.

Fertitta Entity Sells Wynn Call Options Across Three Strike Prices

According to the Form 4 filed with the SEC on August 14, 2026, Tilman J. Fertitta reported the disposition of call options, characterized in the filing as "obligations to sell," on shares of Wynn Resorts Ltd common stock. The transactions, each coded "S" for sale, took place on August 12, 2026, and covered three separate strike prices: $118, $119, and $120. Each tranche consisted of 100,000 option contracts, with all three expiring on February 19, 2027.

The filing discloses that the $118-strike options were sold at a price of $4.5878, the $119-strike options at $4.3509, and the $120-strike options at $4.1174. All options are classified as indirectly owned. The filing states that the options are held of record by Fertitta Entertainment, LLC, and that after each reported transaction, 100,000 derivative securities in each respective series remain beneficially owned.

The filing identifies four reporting persons: Tilman J. Fertitta individually, Fertitta Entertainment, Inc., Hospitality Headquarters, Inc., and Fertitta Entertainment, LLC - all sharing the same address at 1510 West Loop South, Houston, Texas 77027. The filing notes that Fertitta "may be deemed to share beneficial ownership of the securities held of record" by those entities as a result of his controlling ownership position. No transactions in non-derivative (common stock) securities were reported in Table I.

What Was Disclosed

The filing reports the August 12, 2026, sale of three series of call options on Wynn Resorts common stock by entities affiliated with Tilman J. Fertitta, covering 100,000 shares each at strike prices of $118, $119, and $120, all expiring February 19, 2027.