Gary L. Carano - 11 Aug 2021 Form 4 Insider Report for Caesars Entertainment, Inc. (CZR)

Signature
/s/ Jill Eaton by power of attorney
Issuer symbol
CZR
Transactions as of
11 Aug 2021
Net transactions value
-$22,874,157
Form type
4
Filing time
13 Aug 2021, 16:33:16 UTC
Next filing
25 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CZR Common Stock Gift $0 -60,000 -12% $0.000000 456,094 27 May 2021 Direct
transaction CZR Common Stock Gift $0 -40,000 -8.8% $0.000000 416,094 27 May 2021 Direct F1
transaction CZR Common Stock Gift $0 +40,000 $0.000000 40,000 27 May 2021 By Spouse F1
transaction CZR Common Stock Sale $5,600,938 -62,205 -15% $90.04 353,889 11 Aug 2021 Direct F2, F3
transaction CZR Common Stock Sale $3,942,890 -43,400 -12% $90.85 310,489 11 Aug 2021 Direct F2, F4
transaction CZR Common Stock Sale $6,703,248 -73,044 -24% $91.77 237,445 11 Aug 2021 Direct F2, F5
transaction CZR Common Stock Sale $6,627,081 -71,351 -30% $92.88 166,094 11 Aug 2021 Direct F2, F6
holding CZR Common Stock 8,604,325 11 Aug 2021 See Footnote 7 F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a gift of securities by the reporting person to his spouse.
F2 The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 26, 2021.
F3 The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $89.40 to $90.39, inclusive. The reporting person undertakes to provide to the Registrant, any security holder of the Registrant, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 3 to this Form 4.
F4 The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $90.41 to $91.40, inclusive. The reporting person undertakes to provide to the Registrant, any security holder of the Registrant, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 4 to this Form 4.
F5 The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $91.41 to $92.40, inclusive. The reporting person undertakes to provide to the Registrant, any security holder of the Registrant, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 5 to this Form 4.
F6 The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $92.42 to $93.26, inclusive. The reporting person undertakes to provide to the Registrant, any security holder of the Registrant, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 6 to this Form 4.
F7 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.