Craig Scott Billings - 08 Feb 2024 Form 4 Insider Report for WYNN RESORTS LTD (WYNN)

Signature
/s/ Nicholas Pannucci, attorney-in-fact for Craig Scott Billings
Issuer symbol
WYNN
Transactions as of
08 Feb 2024
Net transactions value
-$1,435,797
Form type
4
Filing time
12 Feb 2024, 20:04:48 UTC
Previous filing
12 Jan 2024
Next filing
22 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WYNN Common Stock, par value $0.01 per share Options Exercise $641,583 +10,902 +3.4% $58.85 327,139 08 Feb 2024 Direct F1
transaction WYNN Common Stock, par value $0.01 per share Sale $1,177,416 -10,902 -3.3% $108.00 316,237 08 Feb 2024 Direct F1
transaction WYNN Common Stock, par value $0.01 per share Sale $899,964 -8,333 -2.6% $108.00 307,904 08 Feb 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WYNN Stock Options (right to buy) Options Exercise $0 -10,902 -100% $0.000000* 0 08 Feb 2024 Common Stock, par value $0.01 per share 10,902 $58.85 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The stock option exercise & related sale of shares reported was effected by the reporting person, pursuant to their Rule 10b5-1 trading plan, adopted August 11, 2023.
F2 The sale reported was effected by the reporting person, pursuant to their Rule 10b5-1 trading plan, adopted August 11, 2023.