Thomas Reeg - 17 Feb 2026 Form 4 Insider Report for Caesars Entertainment, Inc. (CZR)

Role: Chief Executive Officer, Director
Signature: /s/ Jill Eaton, by power of attorney
Issuer symbol: CZR
Transactions as of: 17 Feb 2026
Net transactions value: -$191,130
Form type: 4
Filing time: 19 Feb 2026, 16:20:51 UTC
Previous filing: 02 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Reeg Thomas	Chief Executive Officer, Director	C/O CAESARS ENTERTAINMENT, INC., 100 WEST LIBERTY STREET 12TH FLOOR, RENO	/s/ Jill Eaton, by power of attorney	19 Feb 2026	0001415959

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CZR	Common Stock	Award	$0	+25,629	+9.5%	$0.000000	295,929	17 Feb 2026	Direct	F1
transaction	CZR	Common Stock	Tax liability	$191,130	-10,086	-3.4%	$18.95	285,843	17 Feb 2026	Direct
holding	CZR	Common Stock						362,231	17 Feb 2026	By Irrevocable Family Trust	F2
holding	CZR	Common Stock						6,240	17 Feb 2026	By 401(k) Plan

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

Explanation of Responses:

Id	Content
F1	The restricted stock units were granted on January 27, 2023, pursuant to the Amended and Restated 2015 Equity Incentive Plan, subject to achievement of specified performance objectives. The level at which such restricted stock units were determined to have been achieved, as reported on this Form 4, was determined by the Board of the Issuer effective with the filing of the annual report on Form 10-K on February 17, 2026. Pursuant to the terms of the grant, the earned restricted stock units immediately vested and settled in common stock, on a one-for-one basis.
F2	Represents indirect ownership by Irrevocable Family Trust for units granted to Family LLC.

Content

The restricted stock units were granted on January 27, 2023, pursuant to the Amended and Restated 2015 Equity Incentive Plan, subject to achievement of specified performance objectives. The level at which such restricted stock units were determined to have been achieved, as reported on this Form 4, was determined by the Board of the Issuer effective with the filing of the annual report on Form 10-K on February 17, 2026. Pursuant to the terms of the grant, the earned restricted stock units immediately vested and settled in common stock, on a one-for-one basis.

Represents indirect ownership by Irrevocable Family Trust for units granted to Family LLC.