Thomas Reeg - Feb 29, 2024 Form 4 Insider Report for Caesars Entertainment, Inc. (CZR)

Signature
/s/ Jill Eaton, by power of attorney
Stock symbol
CZR
Transactions as of
Feb 29, 2024
Transactions value $
$0
Form type
4
Date filed
3/1/2024, 05:01 PM
Previous filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CZR Common Stock Gift $0 -242K -100% $0.00* 0 Feb 29, 2024 By Family LLC F1, F2
transaction CZR Common Stock Gift $0 +242K $0.00 242K Feb 29, 2024 By Irrevocable Family Trust F1
holding CZR Common Stock 217K Feb 29, 2024 Direct F2, F3
holding CZR Common Stock 6.24K Feb 29, 2024 By 401(k) Plan F4

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 Gift $0 -18K -100% $0.00* 0 Feb 29, 2024 Common Stock 18K By Family LLC F1, F2, F5
transaction CZR Restricted Stock Unit Gift $0 +18K $0.00 18K Feb 29, 2024 Common Stock 18K By Irrevocable Family Trust F1, F5
transaction CZR Restricted Stock Unit Gift $0 -65.1K -100% $0.00* 0 Feb 29, 2024 Common Stock 65.1K By Family LLC F1, F2, F5, F6
transaction CZR Restricted Stock Unit Gift $0 +65.1K $0.00 65.1K Feb 29, 2024 Common Stock 65.1K By Irrevocable Family Trust F1, F5, F6
transaction CZR Restricted Stock Unit Gift $0 -104K -100% $0.00* 0 Feb 29, 2024 Common Stock 104K By Family LLC F1, F2, F5, F7
transaction CZR Restricted Stock Unit Gift $0 +104K $0.00 104K Feb 29, 2024 Common Stock 104K By Irrevocable Family Trust F1, F5, F7
transaction CZR Restricted Stock Unit Gift $0 -70.1K -100% $0.00* 0 Feb 29, 2024 Common Stock 70.1K By Family LLC F1, F2, F5, F8
transaction CZR Restricted Stock Unit Gift $0 +70.1K $0.00 70.1K Feb 29, 2024 Common Stock 70.1K By Irrevocable Family Trust F1, F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the gift of non-voting units in a limited liability company established for the benefit of the Reporting Person's immediate family (the "Family LLC") to an irrevocable trust also established for the benefit of his immediate family members (the "Irrevocable Family Trust"), with the units representing a pecuniary interest in the shares of common stock, or restricted stock units, as applicable, shown, and held by the Family LLC.
F2 On 2/27/24, the Reporting Person contributed a total of 242,160 shares of common stock, and on 2/28/24 the Reporting Person contributed 257,106 restricted stock units, that he held directly, to the Family LLC of which the Reporting Person was then the holder of all voting and non-voting units.
F3 The Reporting Person previously reported 17,500 shares as indirectly held in trust, though since this trust is a revocable living trust, the Reporting Person no longer reflects the shares held in such trust as indirectly held.
F4 The Reporting Person previously reported 6,240 shares as directly held when these shares have been held for several years through his 401(k) plan. These 401(k) holdings are separately reflected in this Form 4.
F5 Each restricted stock unit represents a contingent right to receive one share of common stock and does not expire.
F6 These restricted stock units vest in equal installments on January 29, 2025, and January 29, 2026.
F7 These restricted stock units vest in equal installments on January 29, 2025, January 29, 2026, and January 29, 2027.
F8 These restricted stock units vest in equal installments on January 1, 2025, January 1, 2026, and January 1, 2027.