Caesars Entertainment (CZR) CFO awarded 76,897 RSUs vesting through 2029

Rhea-AI Filing Summary

Caesars Entertainment Chief Financial Officer Bret Yunker received an equity grant of restricted stock units. On January 23, 2026, he was awarded 76,897 restricted stock units with a stated price of $0 per unit, reported as a derivative security directly owned.

The units convert into Caesars Entertainment common stock on a one-for-one basis. They were granted under the Amended and Restated 2015 Equity Incentive Plan and will vest in three equal installments on January 29, 2027, January 29, 2028, and January 29, 2029. After this grant, Yunker beneficially owns 76,897 restricted stock units.

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^*

Yunker Bret

(Last) (First) (Middle)

C/O CAESARS ENTERTAINMENT, INC.

100 WEST 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)

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

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		76,897		(2)	(2)	Common Stock	76,897	$0	76,897	D

Explanation of Responses:

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

2. Restricted stock units were granted on January 23, 2026, pursuant to the Amended and Restated 2015 Equity Incentive Plan and will vest in equal installments on each of January 29, 2027, January 29, 2028, and January 29, 2029. 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 Entertainment (CZR) report for its CFO?

Caesars Entertainment reported that CFO Bret Yunker received 76,897 restricted stock units on January 23, 2026. These equity awards are part of his compensation and are structured as derivative securities that convert into common stock on a one-for-one basis when they vest.

How many restricted stock units did the Caesars Entertainment (CZR) CFO receive?

Bret Yunker received 76,897 restricted stock units. The Form 4 shows this full amount as acquired in a single transaction and directly owned, with 76,897 derivative securities beneficially owned following the transaction, all tied to Caesars Entertainment common stock.

When do the Caesars Entertainment (CZR) CFO’s restricted stock units vest?

The restricted stock units vest in three equal installments on January 29, 2027, January 29, 2028, and January 29, 2029. This multi-year schedule is designed to align the Chief Financial Officer’s compensation with longer-term company performance and continued service.

What is the conversion ratio of the Caesars Entertainment (CZR) restricted stock units?

Each restricted stock unit converts into one share of Caesars Entertainment common stock. The filing states that the restricted stock units convert on a one-for-one basis, meaning 76,897 units are tied to 76,897 shares of common stock upon settlement.

What plan governs the Caesars Entertainment (CZR) CFO’s restricted stock unit grant?

The restricted stock units were granted under the Amended and Restated 2015 Equity Incentive Plan. This plan authorizes equity-based awards such as restricted stock units, aligning executive compensation with shareholder interests through stock-linked incentives over a defined vesting period.

Do the Caesars Entertainment (CZR) restricted stock units granted to the CFO have an expiration date?

The restricted stock units do not expire. According to the filing, they were granted on January 23, 2026, will vest over three dates in 2027, 2028, and 2029, and the description explicitly notes that the restricted stock units do not expire.