Edmund L. Quatmann Jr - Jan 25, 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 25, 2022
Transactions value $
-$725,557
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 +9.23K +50.51% $0.00 27.5K Jan 25, 2022 Direct
transaction CZR Common Stock Tax liability -$259K -3.35K -12.2% $77.29 24.1K Jan 25, 2022 Direct
transaction CZR Common Stock Sale -$466K -5.87K -24.33% $79.43 18.3K Jan 26, 2022 Direct F1, F2

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 -9.23K -100% $0.00* 0 Jan 25, 2022 Common Stock 9.23K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 17, 2021.
F2 The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $79.06 to $79.71, 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 2 to this Form 4.
F3 Restricted stock units convert into common stock on a one-for-one basis.
F4 The restricted stock units were granted on January 25, 2019 pursuant to the 2015 Equity Incentive Plan and vested on January 25, 2022.