Gary L. Carano - Jan 1, 2023 Form 4 Insider Report for Caesars Entertainment, Inc. (CZR)

Role
Exec. Chairman of the Board, Director
Signature
/s/ Jill Eaton by power of attorney
Stock symbol
CZR
Transactions as of
Jan 1, 2023
Transactions value $
-$424,502
Form type
4
Date filed
1/4/2023, 07:38 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 +34.2K +16.13% $0.00 246K Jan 1, 2023 Direct
transaction CZR Common Stock Tax liability -$425K -10K -4.08% $42.26 236K Jan 3, 2023 Direct
holding CZR Common Stock 8.6M Jan 1, 2023 See Footnote F1
holding CZR Common Stock 40K Jan 1, 2023 By Spouse

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 -34.2K -100% $0.00* 0 Jan 1, 2023 Common Stock 34.2K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are owned directly by Recreational Enterprises, Inc. (REI). The reporting person has a direct ownership interest in REI and an indirect ownership interest in REI through the Gary L. Carano S Corporation Trust ("S Corporation Trust") and the Gary L. Carano Qualified S Corporation Trust. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 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.