Edmund L. Quatmann Jr - Jan 28, 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 28, 2022
Transactions value $
-$192,484
Form type
4
Date filed
2/1/2022, 06:45 PM
Previous filing
Jan 27, 2022
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CZR Common Stock Options Exercise $0 +2.44K +13.38% $0.00 20.7K Jan 29, 2022 Direct
transaction CZR Common Stock Tax liability -$73.2K -962 -4.65% $76.14 19.7K Jan 29, 2022 Direct
transaction CZR Common Stock Sale -$119K -1.48K -7.51% $80.46 18.3K Feb 1, 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 Award $0 +9.29K $0.00 9.29K Jan 28, 2022 Common Stock 9.29K Direct F3, F4
transaction CZR Restricted Stock Unit Options Exercise $0 -2.44K -33.32% $0.00 4.89K Jan 29, 2022 Common Stock 2.44K Direct F3, F5
* 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 $80.3937 to $80.4950, 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 Restricted stock units were granted on January 28, 2022 pursuant to the Amended and Restated 2015 Equity Incentive Plan and will vest in equal installments on each of January 29, 2023, January 29, 2024, and January 29, 2025.
F5 The restricted stock units were granted on January 29, 2021 pursuant to the Amended and Restated 2015 Equity Incentive Plan and vested on January 29, 2022.