Caesars Entertainment (CZR) director awarded 10,369 shares that vest immediately

Rhea-AI Filing Summary

Caesars Entertainment director Bonnie Biumi received an equity grant of company stock. On January 23, 2026, she acquired 10,369 shares of Caesars Entertainment, Inc. common stock at a price of $0 per share through director restricted stock units granted under the Amended and Restated 2015 Equity Incentive Plan.

The footnote explains these restricted stock units vested immediately and settled into common stock on a one-for-one basis. Following this award, Biumi directly beneficially owns 43,149 shares of Caesars Entertainment common stock.

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

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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^*

Biumi Bonnie

(Last) (First) (Middle)

C/O CAESARS ENTERTAINMENT, INC.

100 W. LIBERTY STREET , 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
Common Stock(1)	01/23/2026		A		10,369	A	$0	43,149	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Directors restricted stock units were granted on January 23, 2026, pursuant to the Amended and Restated 2015 Equity Incentive Plan. Pursuant to the terms of the grant, the restricted stock units immediately vested and settled in common stock, on a one-for-one basis

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.
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FAQ

What did Caesars Entertainment (CZR) disclose about Bonnie Biumi in this Form 4?

Caesars Entertainment reported that director Bonnie Biumi acquired 10,369 shares of common stock on January 23, 2026. The shares came from a restricted stock unit grant that vested immediately and settled into stock under the Amended and Restated 2015 Equity Incentive Plan.

How many Caesars Entertainment (CZR) shares does Bonnie Biumi own after this transaction?

After the January 23, 2026 transaction, director Bonnie Biumi beneficially owns 43,149 shares of Caesars Entertainment common stock directly. This figure includes the 10,369 shares received from restricted stock units that vested and settled into common stock on a one-for-one basis.

What was the price of the Caesars Entertainment (CZR) shares acquired by Bonnie Biumi?

The 10,369 Caesars Entertainment common shares acquired by director Bonnie Biumi were reported at a transaction price of $0 per share. This reflects that the shares came from vesting restricted stock units granted as director compensation under the company’s equity incentive plan.

What type of equity award did Caesars Entertainment (CZR) grant to Bonnie Biumi?

Bonnie Biumi received directors restricted stock units granted under Caesars Entertainment’s Amended and Restated 2015 Equity Incentive Plan. According to the disclosure, these restricted stock units immediately vested on January 23, 2026 and settled in Caesars common stock on a one-for-one basis.

Was Bonnie Biumi’s Caesars Entertainment (CZR) Form 4 transaction a purchase or an award?

The Form 4 shows Bonnie Biumi’s transaction as an acquisition coded “A,” reflecting an equity award rather than an open-market purchase. She received 10,369 shares through restricted stock units that vested immediately and converted into Caesars Entertainment common stock as director compensation.

Is Bonnie Biumi’s ownership in Caesars Entertainment (CZR) direct or indirect?

The filing reports Bonnie Biumi’s 43,149 Caesars Entertainment shares as directly owned, with the ownership form marked “D.” There is no indication of indirect ownership through entities or trusts in this disclosure, and no footnote disclaiming beneficial ownership or voting power over the reported shares.