Edmund L. Quatmann Jr. - 28 Jan 2022 Form 4 Insider Report for Caesars Entertainment, Inc. (CZR)

Role: Chief Legal Officer
Signature: /s/ Jill Eaton by power of attorney
Issuer symbol: CZR
Transactions as of: 28 Jan 2022
Net transactions value: -$192,484
Form type: 4
Filing time: 01 Feb 2022, 18:45:56 UTC
Previous filing: 27 Jan 2022
Next filing: 25 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CZR	Common Stock	Options Exercise	$0	+2,444	+13%	$0.000000	20,707	29 Jan 2022	Direct
transaction	CZR	Common Stock	Tax liability	$73,247	-962	-4.6%	$76.14	19,745	29 Jan 2022	Direct
transaction	CZR	Common Stock	Sale	$119,237	-1,482	-7.5%	$80.46	18,263	01 Feb 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	+9,285		$0.000000	9,285	28 Jan 2022	Common Stock	9,285		Direct	F3, F4
transaction	CZR	Restricted Stock Unit	Options Exercise	$0	-2,444	-33%	$0.000000	4,890	29 Jan 2022	Common Stock	2,444		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.