Thomas Reeg - Jan 25, 2022 Form 4 Insider Report for Caesars Entertainment, Inc. (CZR)

Role: Chief Executive Officer, Director
Signature: /s/ Jill Eaton by power of attorney
Stock symbol: CZR
Transactions as of: Jan 25, 2022
Transactions value $: -$1,795,756
Form type: 4
Date filed: 1/27/2022, 04:27 PM
Previous filing: Jan 4, 2022
Next filing: Feb 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CZR	Common Stock	Options Exercise	$0	+59K	+32.9%	$0.00	239K	Jan 25, 2022	Direct
transaction	CZR	Common Stock	Tax liability	-$1.8M	-23.2K	-9.74%	$77.29	215K	Jan 25, 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	-59K	-100%	$0.00^*	0	Jan 25, 2022	Common Stock	59K		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 convert 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 and vested on January 25, 2022.