Gary L. Carano - Jan 27, 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 27, 2023
Transactions value $
-$169,273
Form type
4
Date filed
1/31/2023, 07:05 PM
Previous filing
Jan 26, 2023
Next filing
Aug 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CZR Common Stock Options Exercise $0 +1.5K +0.6% $0.00 251K Jan 29, 2023 Direct
transaction CZR Common Stock Tax liability -$29.9K -590 -0.23% $50.62 251K Jan 30, 2023 Direct
transaction CZR Common Stock Options Exercise $0 +7K +2.79% $0.00 258K Jan 29, 2023 Direct
transaction CZR Common Stock Tax liability -$139K -2.75K -1.07% $50.62 255K Jan 30, 2023 Direct
holding CZR Common Stock 8.6M Jan 27, 2023 See Footnote F1
holding CZR Common Stock 40K Jan 27, 2023 By Spouse
holding CZR Common Stock 20K Jan 27, 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 Award $0 +8.14K $0.00 8.14K Jan 27, 2023 Common Stock 8.14K Direct F2, F3
transaction CZR Restricted Stock Unit Options Exercise $0 -1.5K -33.33% $0.00 3K Jan 29, 2023 Common Stock 1.5K Direct F2, F4
transaction CZR Restricted Stock Unit Options Exercise $0 -7K -50% $0.00 7K Jan 29, 2023 Common Stock 7K Direct F2, F5
* 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 Restricted stock units were granted on January 27, 2023, pursuant to the Amended and Restated 2015 Equity Incentive Plan and will vest in equal installments on each of January 29, 2024, January 29, 2025, and January 29, 2026.
F4 Restricted stock units were granted on January 28, 2022, pursuant to the Amended and Restated 2015 Equity Incentive Plan and this installment vested on January 29, 2023.
F5 Restricted stock units were granted on January 29, 2021, pursuant to the Amended and Restated 2015 Equity Incentive Plan and this installment vested on January 29, 2023.