Sylvester Stallone’s Dwight Manfredi has had better weeks. The fourth episode of Tulsa King Season 4, titled “Square One,” arrived on Paramount+ on Friday, November 6, 2026, and it found the aging mob boss dealing with the fallout from a devastating government crackdown. His whiskey business is gone. His cash is running low. Governor Amanda Clark is still circling. And the people around him are starting to look for ways to make money that have nothing to do with the mob.
“Square One” is not a typical Tulsa King episode. There is less gunplay and more scheming. The crew does not sit around waiting for Dwight to solve everything. They get out there and hustle. Some of those hustles work. Some of them lead to very bad places. And one of them ends with Dwight and Bigfoot getting shot at on a dark road.
What Happened Before “Square One”
To understand Episode 4, you need to know how bad things got in Episode 3. Governor Clark shut down Dwight’s businesses, froze his bourbon shipments, and made it clear she wanted him destroyed. The Feds destroyed barrels of Montague whiskey worth $150 million. Bodhi lost his liquor license. The distillery went out of service. Dwight’s entire operation was suddenly broke.
Episode 3 also introduced a new problem: a racehorse. Mitch bought a horse. And Dwight confronted the governor at a charity gala before getting into a physical fight with Quiet Ray, a New York mob figure who wants his promised share of the business.
Dwight entered “Square One” with about $500,000 set aside to keep things running. That is not a lot of money for a man with enemies on every side.
Governor Clark Finds a New Way to Hurt Dwight: The Ranch
Governor Clark is not the kind of villain who takes a week off. After the media covered Dwight’s confrontation with her at the fundraiser, she went on television and dismissed his claims that she shut down his businesses unlawfully. Behind closed doors, she made it clear she wanted to destroy him completely.
Her new plan had nothing to do with whiskey. Clark discovered that Dwight owns Fennario Ranch, a property that Margaret left him before she died in a plane crash earlier in the season. The governor decided the ranch would be the perfect location for Bradley Van Heusen’s proposed AI data centre. She contacted Attorney General Sackrider and arranged for the state to seize the land through eminent domain—a legal process that lets the government take private property for public use.
Government surveyors and construction crews were soon on their way to the ranch.
There was one problem. There are dead bodies buried on that land.
Ming’s body is still buried at Fennario Ranch. Dwight knows that once construction crews start digging, someone will find it. He sent Goodie and Vince to the ranch at night to dig up the remains and move them somewhere safer. While they were digging, they found something else. The episode did not reveal what they discovered, but the look on their faces suggested it was not good news for Dwight.
The Crew’s Money-Making Schemes: Wine, Horses, and Rap
With the legitimate businesses gone, Dwight told his crew to get creative. He could not pay everyone from his savings forever. What followed was a series of schemes that showed just how strange and talented Dwight’s crew really is.
Bodhi and the Fake Wine Auction
Bodhi went back to his old friend Leonardo Timpone, a man who runs a counterfeit wine operation. Bodhi wanted to use his forgery skills to help Timpone scale up the business. The plan was simple: create fake bottles of expensive wine and sell them to rich people who cannot tell the difference.
Bodhi also had a suspicion. He thought Timpone might have been involved in the murders of Cal and Margaret Thresher. That suspicion turned out to be wrong. Timpone was just a wine faker, not a killer.
The scheme worked better than anyone expected. A wine expert looked at the fake collection and said it could fetch about $996,000 at auction. Bodhi and Timpone walked away with just under $1 million—a huge win for a crew that was almost broke.
Mitch, Spencer, and the Disguised Racehorse
Mitch and Spencer had a horse problem that turned into a horse opportunity. The horse Mitch bought, Curule, is incredibly fast. But Curule looks almost exactly like another horse named Rubric, which is a much slower racer. Mitch and Spencer realized they could disguise Curule as Rubric, enter him in a race at huge odds, and make a fortune when the “slow” horse suddenly won.
The plan worked. Joanne placed a $50,000 bet on the horse, including $30,000 of her own money. Curule won the race while pretending to be Rubric. Joanne made a lot of money, though she did not follow Dwight’s instructions exactly. She bet more than he wanted her to bet.
Tyson Becomes a Rapper
Tyson has spent four seasons trying on different personalities. He tried to be a hard-nosed gangster. He tried running an ecstasy business. None of it worked. In “Square One,” he tried something new: rapping.
Dwight gave Tyson permission to pursue music. Tyson recorded a demo. The demo turned out to be a club favorite. For the first time in a long time, Tyson found something he might actually be good at—something far away from the drug business.
Quiet Ray Is Still a Problem
Quiet Ray is not the kind of man who forgets a debt. Even after Vince told him directly that Dwight is broke, Ray kept demanding his promised share. He does not understand how percentages work. He does not care that the whiskey business is gone. He wants his money.
John Musso warned Dwight that the New York wiretap is picking up a lot of chatter from Ray. Musso told Dwight to pay Ray something—anything—before the situation turns into a full-blown war.
Dwight has bigger problems. But Ray is not going away.
The Ambush on the Road
The episode’s final scene is its most tense. Dwight and Bigfoot were driving when a car that looked like a police vehicle pulled them over. A man got out and opened fire. Bigfoot was hit in the shoulder. Dwight and Bigfoot managed to fight back and survive, but the attack made one thing clear: someone wants Dwight dead, and they are willing to use fake police cars to get the job done.
Dwight called Elaine, Margaret’s veterinarian friend, who patched up Bigfoot’s shoulder. Dwight does not think Quiet Ray was behind the attack. That leaves Governor Clark as the most likely suspect—though the episode did not confirm who sent the shooter.
What “Square One” Means for the Season
The title “Square One” is not subtle. Dwight ended the episode back where he started: broke, hunted, and surrounded by enemies. But the episode also showed something else. Dwight’s crew is not useless without him. Bodhi made nearly a million dollars. Mitch and Spencer pulled off a horse-racing scam. Tyson found a new path. Joanne made money on a bet she was not supposed to make.
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Tulsa King Season 4 is streaming on Paramount+ in the United States, United Kingdom, Canada, Australia, India, and other regions where the platform operates. New episodes release on Fridays. The season will have 10 episodes in total.
For more episode breakdowns and entertainment news, keep checking VvipTimes.
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