Caesars director-linked entity sells 41,697 shares

Caesars Entertainment director Michael E. Pegram reported indirect share sales through AMT Investments LLC.

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Rhea-AI Filing Summary

Caesars Entertainment director Michael E. Pegram reported indirect share sales through AMT Investments LLC. On June 11 and 12, 2026, AMT Investments LLC sold a total of 41,697 shares of Caesars common stock in open-market transactions at weighted average prices of about $29.47 per share, reducing its reported holdings to zero. Pegram continues to hold 4,612 shares directly. The filing notes the reported prices are weighted averages across multiple trades within stated price ranges and that Pegram disclaims beneficial ownership of the indirectly held securities except to the extent of any pecuniary interest.

Insider Trade Summary

Net Seller: 41,697 shares

Net Sell 3 txns

Insider Pegram Michael E

Role Director

Sold 41,697 shs ($1.23M)

Type	Security	Shares	Price	Value
Sale	Common Stock	16,897	$29.4556	$498K
Sale	Common Stock	24,800	$29.4747	$731K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 0 shares (Indirect, By AMT Investments LLC); Common Stock — 4,612 shares (Direct)

Footnotes (3)

F1. The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $29.46 to $29.49, 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 this footnote to this Form 4.
F2. The reporting person disclaims beneficial ownership of the securities, except to the extent of a pecuniary interest therein.
F3. The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $29.45 to $29.46, 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 this footnote to this Form 4.

Key Figures

Total shares sold: 41,697 shares June 11 sale volume: 24,800 shares June 11 weighted price: $29.4747 per share +4 more

7 metrics

Total shares sold 41,697 shares Net open-market sales by AMT Investments LLC on June 11–12, 2026

June 11 sale volume 24,800 shares Indirect open-market sale at weighted average $29.4747 per share

June 11 weighted price $29.4747 per share Weighted average for multiple trades ranging from $29.45 to $29.46

June 12 sale volume 16,897 shares Indirect open-market sale at weighted average $29.4556 per share

June 12 weighted price $29.4556 per share Weighted average for multiple trades ranging from $29.46 to $29.49

Direct holdings after transactions 4,612 shares Common stock held directly by Michael E. Pegram as of June 11, 2026

Indirect holdings after transactions 0 shares Common stock held indirectly by AMT Investments LLC after June 12, 2026

Key Terms

open-market sale, weighted average price, beneficial ownership, indirect ownership

4 terms

open-market sale financial

"transaction_action is described as "open-market sale" for the common stock transactions"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average price financial

"The price reported in Column 4 is a weighted average price with shares sold in multiple transactions"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

beneficial ownership financial

"The reporting person disclaims beneficial ownership of the securities, except to the extent of a pecuniary interest therein"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

indirect ownership financial

"direct_or_indirect is "I" with nature_of_ownership listed as "By AMT Investments LLC""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Caesars (CZR) report for Michael E. Pegram?

Caesars director Michael E. Pegram reported indirect sales by AMT Investments LLC totaling 41,697 shares of common stock. These were open-market transactions on June 11 and 12, 2026, at weighted average prices around $29.47 per share, leaving no indirectly held shares.

How many Caesars (CZR) shares were sold and at what prices?

AMT Investments LLC sold 24,800 Caesars shares on June 11, 2026 at a weighted average price of $29.4747, and 16,897 shares on June 12, 2026 at $29.4556. Footnotes state actual trades occurred within narrow ranges around those reported averages.

Does Michael E. Pegram still hold Caesars (CZR) shares after these transactions?

Yes. After the reported sales by AMT Investments LLC, indirect holdings fell to zero, but Michael E. Pegram continues to hold 4,612 Caesars common shares directly as of June 11, 2026, according to the Form 4 transaction table entry for direct ownership.

Who actually sold the Caesars (CZR) shares reported in this Form 4?

The sales were made by AMT Investments LLC, identified as the indirect owner of the shares. Michael E. Pegram is the reporting person, but the filing lists the shares as held indirectly "By AMT Investments LLC" and disclaims beneficial ownership except for any pecuniary interest.

What does the weighted average price disclosure mean in the Caesars (CZR) insider filing?

The filing states the reported prices are weighted averages of multiple trades executed within narrow price ranges on each day. It notes that detailed trade-level pricing information will be provided to the company, its shareholders, or SEC staff upon request for each separate transaction price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/12/2026 - 05:58 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pegram Michael E

(Last)

(First)

(Middle)

C/O CAESARS ENTERTAINMENT, INC.

100 WEST LIBERTY STREET 12TH FLOOR

(Street)

RENO

NEVADA

89501

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Caesars Entertainment, Inc. [ CZR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/11/2026		S		24,800	D	$29.4747⁽¹⁾	16,897	I	By AMT Investments LLC⁽²⁾
Common Stock	06/12/2026		S		16,897	D	$29.4556⁽³⁾	0	I	By AMT Investments LLC⁽²⁾
Common Stock								4,612	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $29.46 to $29.49, 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 this footnote to this Form 4.

2. The reporting person disclaims beneficial ownership of the securities, except to the extent of a pecuniary interest therein.

3. The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $29.45 to $29.46, 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 this footnote to this Form 4.

Remarks:

	/s/ Jill Eaton, by power of attorney	06/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR