Gary L. Carano - Jan 1, 2022 Form 4 Insider Report for Caesars Entertainment, Inc. (CZR)

Role
Exec. Chairman of the Board, Director
Signature
/s/ Jill Eaton by power of attorney
Stock symbol
CZR
Transactions as of
Jan 1, 2022
Transactions value $
-$921,801
Form type
4
Date filed
1/4/2022, 08:07 PM
Previous filing
Aug 25, 2021
Next filing
Jan 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CZR Common Stock Options Exercise $0 +28.4K +16.97% $0.00 196K Jan 1, 2022 Direct
transaction CZR Common Stock Tax liability -$922K -9.86K -5.04% $93.47 186K Jan 1, 2022 Direct
holding CZR Common Stock 40K Jan 1, 2022 By Spouse
holding CZR Common Stock 8.6M Jan 1, 2022 See Footnote F1

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 CZR Restricted Stock Unit Options Exercise $0 -28.4K -100% $0.00* 0 Jan 1, 2022 Common Stock 28.4K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are owned directly by Recreational Enterprises, Inc. (REI). The reporting person has a direct ownership interest in REI and an indirect ownership interest in REI through the Gary L. Carano S Corporation Trust ("S Corporation Trust") and the Gary L. Carano Qualified S Corporation Trust. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 The restricted stock units were granted on January 25, 2019 pursuant to the 2015 Equity Incentive Plan, subject to achievement of specified performance objectives which were determined to have been achieved by the Board of the Issuer on February 18, 2021. The restricted stock units vested on January 1, 2022.