Gary L. Carano - Aug 20, 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
Aug 20, 2023
Transactions value $
-$42,571
Form type
4
Date filed
8/21/2023, 09:08 PM
Previous filing
Jan 31, 2023
Next filing
Jan 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CZR Common Stock Options Exercise $0 +2.11K +0.83% $0.00 257K Aug 20, 2023 Direct
transaction CZR Common Stock Tax liability -$42.6K -830 -0.32% $51.29 256K Aug 21, 2023 Direct
holding CZR Common Stock 8.6M Aug 20, 2023 See Footnote F1
holding CZR Common Stock 20K Aug 20, 2023 By Trust
holding CZR Common Stock 40K Aug 20, 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 Common Stock Options Exercise $0 -2.11K -100% $0.00* 0 Aug 20, 2023 Common Stock 2.11K 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 Restricted Stock Units were awarded August 20, 2020 and vested on August 20, 2023.