Edmund L. Quatmann Jr - Jan 1, 2022 Form 4 Insider Report for Caesars Entertainment, Inc. (CZR)

Role: Chief Legal Officer
Signature: /s/ Jill Eaton by power of attorney
Stock symbol: CZR
Transactions as of: Jan 1, 2022
Transactions value $: -$766,307
Form type: 4
Date filed: 1/4/2022, 08:32 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	Gift	$0	-4.2K	-18.7%	$0.00	18.3K	Dec 15, 2021	Direct	F1
transaction	CZR	Common Stock	Options Exercise	$0	+8.42K	+46.09%	$0.00	26.7K	Jan 1, 2022	Direct
transaction	CZR	Common Stock	Tax liability	-$293K	-3.14K	-11.76%	$93.47	23.5K	Jan 1, 2022	Direct
transaction	CZR	Common Stock	Sale	-$473K	-5.28K	-22.42%	$89.60	18.3K	Jan 4, 2022	Direct	F2, F3

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	-8.42K	-100%	$0.00^*	0	Jan 1, 2022	Common Stock	8.42K		Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	Represents a charitable donation of shares to a Donor Advised Fund.
F2	The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 17, 2021.
F3	The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $89.45 to $89.76, inclusive. The reporting person undertakes to provide to the Registrant, any security holder of the Registrant, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 3 to this Form 4.
F4	Restricted stock units convert into common stock on a one-for-one basis.
F5	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.