Thomas Reeg - Jan 24, 2023 Form 4 Insider Report for Caesars Entertainment, Inc. (CZR)

Role: Chief Executive Officer, Director
Signature: /s/ Jill Eaton by power of attorney
Stock symbol: CZR
Transactions as of: Jan 24, 2023
Transactions value $: -$868,837
Form type: 4
Date filed: 1/26/2023, 07:03 PM
Previous filing: Jan 4, 2023
Next filing: Jan 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CZR	Common Stock	Options Exercise	$0	+43.2K	+15.89%	$0.00	315K	Jan 24, 2023	Direct
transaction	CZR	Common Stock	Tax liability	-$869K	-17K	-5.4%	$51.09	298K	Jan 24, 2023	Direct
holding	CZR	Common Stock						10K	Jan 24, 2023	By Trust

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	-43.2K	-100%	$0.00^*	0	Jan 24, 2023	Common Stock	43.2K		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 and vested on January 24, 2023.