Thomas Reeg - Jan 1, 2022 Form 4 Insider Report for Caesars Entertainment, Inc. (CZR)

Role: Chief Executive Officer, Director
Signature: /s/ Jill Eatonby power of attorney
Stock symbol: CZR
Transactions as of: Jan 1, 2022
Transactions value $: -$1,839,022
Form type: 4
Date filed: 1/4/2022, 08:31 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	+53.9K	+37.09%	$0.00	199K	Jan 1, 2022	Direct
transaction	CZR	Common Stock	Tax liability	-$1.84M	-19.7K	-9.88%	$93.47	179K	Jan 1, 2022	Direct

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	-53.9K	-100%	$0.00^*	0	Jan 1, 2022	Common Stock	53.9K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units are settled into common stock on a one-for-one basis.
F2	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 beenachieved by the Board of the Issuer on February 18, 2021. The restricted stock units vested on January 1, 2022.