Caesars Entertainment (CZR) awards 10,369 RSUs to director Papapostolou

Rhea-AI Filing Summary

Caesars Entertainment director Ted Papapostolou received an equity award of 10,369 restricted stock units on January 23, 2026. The units were granted at a price of $0 under the Amended and Restated 2015 Equity Incentive Plan and are fully vested.

Each restricted stock unit converts into one share of Caesars common stock. Papapostolou has elected to defer delivery of these shares until his separation from service on the board under the company’s outside director deferred compensation plan. The restricted stock units do not expire and are held directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Papapostolou Ted

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	10,369	$0.00	--

Holdings After Transaction: Restricted Stock Units — 10,369 shares (Direct)

Footnotes (1)

1. Restricted stock units convert into common stock on a one-for-one basis. Fully vested restricted stock units were granted on January 23, 2026, pursuant to the Amended and Restated 2015 Equity Incentive Plan. The reporting person has elected to defer receipt of these shares until his separation from service on the board of directors under the Issuer's outside director deferred compensation plan. The restricted stock units do not expire.

Form 4 Insider Transactions: What Each Field Means →

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^*

Papapostolou Ted

(Last) (First) (Middle)

C/O CAESARS ENTERTAINMENT, INC.

100 W. LIBERTY ST., 12TH FLOOR

(Street)

RENO NV 89501

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	01/23/2026		A		10,369		(2)	(2)	Common Stock	10,369	$0	10,369	D

Explanation of Responses:

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

2. Fully vested restricted stock units were granted on January 23, 2026, pursuant to the Amended and Restated 2015 Equity Incentive Plan. The reporting person has elected to defer receipt of these shares until his separation from service on the board of directors under the Issuer's outside director deferred compensation plan. The restricted stock units do not expire.

Remarks:

	/s/ Jill Eaton, by power of attorney	01/27/2026
	** 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.

FAQ

What insider transaction did Caesars (CZR) report for Ted Papapostolou?

Caesars reported an equity grant to director Ted Papapostolou. He received 10,369 restricted stock units on January 23, 2026, at a price of $0, as compensation under the company’s Amended and Restated 2015 Equity Incentive Plan for outside directors.

How many restricted stock units did Ted Papapostolou receive from Caesars (CZR)?

Ted Papapostolou received 10,369 restricted stock units from Caesars. The award was made on January 23, 2026, is fully vested, and increases his beneficial holdings of derivative securities to 10,369 units, all reported as directly owned according to the insider filing.

What are the key terms of Ted Papapostolou’s restricted stock units at Caesars (CZR)?

Each of Papapostolou’s restricted stock units converts into one share of common stock. The units were fully vested at grant, carry no expiration, and were issued at $0 under Caesars’ Amended and Restated 2015 Equity Incentive Plan for directors.

When will Ted Papapostolou receive Caesars (CZR) shares from his restricted stock units?

Papapostolou elected to defer receipt of the underlying shares. Under Caesars’ outside director deferred compensation plan, shares from the 10,369 restricted stock units will be delivered upon his separation from service on the company’s board of directors.

Do Ted Papapostolou’s Caesars (CZR) restricted stock units expire?

The restricted stock units granted to Papapostolou do not expire. They are fully vested, convertible into common stock on a one-for-one basis, and remain outstanding with delivery of the underlying shares deferred until his board service ends under the director compensation plan.

Was this Caesars (CZR) Form 4 a stock sale by Ted Papapostolou?

No, the filing reports a stock-based compensation grant, not a sale. Papapostolou received 10,369 fully vested restricted stock units at $0. The units convert into common stock later, with delivery deferred until he leaves the board of directors.