Edmund L. Quatmann Jr - Jan 1, 2023 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 1, 2023
Transactions value $: -$110,510
Form type: 4
Date filed: 1/4/2023, 07:37 PM
Previous filing: Aug 23, 2022
Next filing: Jan 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CZR	Common Stock	Options Exercise	$0	+10.1K	+53.12%	$0.00	29.2K	Jan 1, 2023	Direct
transaction	CZR	Common Stock	Tax liability	-$111K	-2.62K	-8.96%	$42.26	26.6K	Jan 3, 2023	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	-10.1K	-100%	$0.00^*	0	Jan 1, 2023	Common Stock	10.1K		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 24, 2020, 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 was previously determined by the Board of the Issuer on February 23, 2022. These restricted stock units vested on January 1, 2023.

Content

Restricted stock units convert into common stock on a one-for-one basis.

The restricted stock units were granted on January 24, 2020, 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 was previously determined by the Board of the Issuer on February 23, 2022. These restricted stock units vested on January 1, 2023.