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

Role
Chief Executive Officer, Director
Signature
/s/ Jill Eaton, by power of attorney
Issuer symbol
CZR
Transactions as of
29 Feb 2024
Transactions value $
$0
Form type
4
Filing time
01 Mar 2024, 17:01:48 UTC
Previous filing
22 Feb 2024
Next filing
03 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CZR Common Stock Gift $0 -242,160 -100% $0* 0 29 Feb 2024 By Family LLC F1, F2
transaction CZR Common Stock Gift $0 +242,160 $0 242,160 29 Feb 2024 By Irrevocable Family Trust F1
holding CZR Common Stock 216,991 29 Feb 2024 Direct F2, F3
holding CZR Common Stock 6,240 29 Feb 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 -17,972 -100% $0* 0 29 Feb 2024 Common Stock 17,972 By Family LLC F1, F2, F5
transaction CZR Restricted Stock Unit Gift $0 +17,972 $0 17,972 29 Feb 2024 Common Stock 17,972 By Irrevocable Family Trust F1, F5
transaction CZR Restricted Stock Unit Gift $0 -65,092 -100% $0* 0 29 Feb 2024 Common Stock 65,092 By Family LLC F1, F2, F5, F6
transaction CZR Restricted Stock Unit Gift $0 +65,092 $0 65,092 29 Feb 2024 Common Stock 65,092 By Irrevocable Family Trust F1, F5, F6
transaction CZR Restricted Stock Unit Gift $0 -103,916 -100% $0* 0 29 Feb 2024 Common Stock 103,916 By Family LLC F1, F2, F5, F7
transaction CZR Restricted Stock Unit Gift $0 +103,916 $0 103,916 29 Feb 2024 Common Stock 103,916 By Irrevocable Family Trust F1, F5, F7
transaction CZR Restricted Stock Unit Gift $0 -70,126 -100% $0* 0 29 Feb 2024 Common Stock 70,126 By Family LLC F1, F2, F5, F8
transaction CZR Restricted Stock Unit Gift $0 +70,126 $0 70,126 29 Feb 2024 Common Stock 70,126 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.