Gary L. Carano - 29 Jan 2026 Form 4 Insider Report for Caesars Entertainment, Inc. (CZR)

Reporting relationship: Exec. Chairman of the Board, Director
Issuer ticker: CZR
Reported as of: 29 Jan 2026
Net transaction value: -$85,354
SEC form: 4
Accepted by SEC: 02 Feb 2026, 16:42:17 UTC
Prior SEC filing: 27 Jan 2026
Next SEC filing: 19 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Jill Eaton, by power of attorney

Key filing fact

Gary L. Carano filed Form 4 for Caesars Entertainment, Inc. (CZR) on 02 Feb 2026.

Key facts

This page summarizes Gary L. Carano's Form 4 filing for Caesars Entertainment, Inc. (CZR).
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 02 Feb 2026, 16:42.

Change

Previous filing in this sequence was filed on 27 Jan 2026.
Current net transaction value: -$85,354.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001618255 Primary reporting owner

Carano Gary L.

Relationship: Exec. Chairman of the Board, Director
Address: C/O CAESARS ENTERTAINMENT, INC., 100 WEST LIBERTY STREET 12TH FLOOR, RENO
Signature: /s/ Jill Eaton, by power of attorney
Signature date: 02 Feb 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CZR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +9,223
Change %: +3.4%
Price: $0.000000
Shares after: 284,257
Date: 29 Jan 2026
Ownership: Direct

CZR transaction

Common Stock

Tax liability

Transaction value: $85,354
Shares: -4,011
Change %: -1.4%
Price: $21.28
Shares after: 280,246
Date: 29 Jan 2026
Ownership: Direct

CZR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 20,000
Date: 29 Jan 2026
Ownership: By Trust

CZR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 40,000
Date: 29 Jan 2026
Ownership: By Spouse

CZR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,604,325
Date: 29 Jan 2026
Ownership: See Footnote
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CZR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,712
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 29 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,712
Exercise price
Footnotes: F2, F3

CZR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,735
Change %: -50%
Price: $0.000000
Shares after: 2,735
Date: 29 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,735
Exercise price
Footnotes: F2, F4

CZR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -3,776
Change %: -33%
Price: $0.000000
Shares after: 7,553
Date: 29 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,776
Exercise price
Footnotes: F2, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote F2

Restricted stock units convert into common stock on a one-for-one basis.

Footnote F3

Restricted stock units were granted on January 27, 2023, pursuant to the Amended and Restated 2015 Equity Incentive Plan. This installment vested on January 29, 2026. The restricted stock units do not expire.

Footnote F4

Restricted stock units were granted on January 26, 2024, pursuant to the Amended and Restated 2015 Equity Incentive Plan. This installment vested on January 29, 2026. The restricted stock units do not expire.

Footnote F5

Restricted stock units were granted on January 24, 2025, pursuant to the Amended and Restated 2015 Equity Incentive Plan. This installment vested on January 29, 2026. The restricted stock units do not expire.