Caesars Entertainment (CZR) director-linked entities report share sales

Q: What insider activity did Caesars Entertainment (CZR) disclose in this Form 4?

Caesars Entertainment reported indirect stock sales by entities linked to director Michael E. Pegram. AMT Investments LLC and a trust sold common shares in several June 2026 open-market transactions, while Pegram retained a smaller direct holding after these trades.

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

Associated entities sold 115,200 Caesars shares in June 2026. Sale prices were weighted averages around $29.41, $29.31, $29.36, and $29.20 per share across different days, reflecting multiple open-market transactions within narrow price ranges.

Q: Which entities linked to director Michael Pegram traded Caesars (CZR) stock?

AMT Investments LLC and a trust executed the trades . AMT Investments LLC sold multiple blocks of Caesars common stock on June 8–10, 2026, while a trust both purchased shares in May 2023 and later sold 15,200 shares on June 8, 2026.

Q: What are Michael Pegram’s reported Caesars (CZR) holdings after these transactions?

Post-trade, AMT Investments LLC held 41,697 shares of Caesars, the trust held none, and Pegram’s last reported direct ownership was 4,612 shares. These figures reflect positions as shown in the Form 4 following the June 2026 sales.

Q: How were the Caesars (CZR) sale prices calculated in this insider report?

The reported sale prices are weighted averages . Footnotes explain each price reflects multiple trades within narrow ranges, and Pegram undertakes to provide detailed trade-by-trade information on request to the company, its security holders, or the SEC staff.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Caesars Entertainment, Inc. director Michael E. Pegram reported indirect open-market sales of the company’s common stock by entities associated with him. AMT Investments LLC sold 50,000 shares at a weighted average price of $29.4092 on June 10, 2026, 36,027 shares at $29.3072 on June 9, 2026, and 13,973 shares at $29.3595 on June 8, 2026. A trust sold 15,200 shares at $29.2001 on June 8, 2026.

After these trades, AMT Investments LLC held 41,697 shares, the trust held none, and Pegram continued to own 4,612 shares directly as of the last reported direct holding. Earlier, the trust had purchased 2,700 shares at $42.27 and 2,500 shares at $42.80 in May 2023. Footnotes state prices are weighted averages and that Pegram disclaims beneficial ownership except for any pecuniary interest.

Insider Trade Summary

Net Seller: 110,000 shares ($3,380,392)

Net Sell 7 txns

Insider Pegram Michael E

Role null

Bought 5,200 shs ($221K)

Sold 115,200 shs ($3.38M)

Type	Security	Shares	Price	Value
Sale	Common Stock	50,000	$29.4092	$1.47M
Sale	Common Stock	36,027	$29.3072	$1.06M
Sale	Common Stock	15,200	$29.2001	$444K
Sale	Common Stock	13,973	$29.3595	$410K
Purchase	Common Stock	2,700	$42.27	$114K
Purchase	Common Stock	2,500	$42.80	$107K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 41,697 shares (Indirect, By AMT Investments LLC); Common Stock — 4,612 shares (Direct, null)

Footnotes (1)

The reporting person disclaims beneficial ownership of the securities, except to the extent of a pecuniary interest therein. The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $29.18 to $29.23, 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. The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $29.35 to $29.36, 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. The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $29.30 to $29.33, 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. The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $29.40 to $29.42, 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

Shares sold June 10, 2026: 50,000 shares at $29.4092 Shares sold June 9, 2026: 36,027 shares at $29.3072 Shares sold June 8, 2026 (LLC): 13,973 shares at $29.3595 +5 more

8 metrics

Shares sold June 10, 2026 50,000 shares at $29.4092 Open-market sale by AMT Investments LLC

Shares sold June 9, 2026 36,027 shares at $29.3072 Open-market sale by AMT Investments LLC

Shares sold June 8, 2026 (LLC) 13,973 shares at $29.3595 Open-market sale by AMT Investments LLC

Shares sold June 8, 2026 (trust) 15,200 shares at $29.2001 Open-market sale by trust

Total June 2026 shares sold 115,200 shares Aggregate open-market sales in June 2026

Holdings at AMT Investments LLC 41,697 shares Indirect ownership after June 10, 2026 sale

Direct holdings 4,612 shares Direct ownership as of May 12, 2023 entry

Trust purchases May 2023 5,200 shares at $42.27–$42.80 Open-market purchases by trust in May 2023

Key Terms

open-market sale, open-market purchase, weighted average price, beneficial ownership, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale""

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.

open-market purchase financial

"transaction_action: "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

weighted average price financial

"The price reported in Column 4 is a weighted average price"

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"

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.

pecuniary interest financial

"except to the extent of a pecuniary interest therein"

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Form 4 Insider Transactions: What Each Field Means →

06/10/2026 - 06:41 PM

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)
05/12/2023

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	05/12/2023		P		2,500	A	$42.8	12,500	I	By Trust⁽¹⁾
Common Stock	05/16/2023		P		2,700	A	$42.27	15,200	I	By Trust⁽¹⁾
Common Stock	06/08/2026		S		15,200	D	$29.2001⁽²⁾	0	I	By Trust⁽¹⁾
Common Stock	06/08/2026		S		13,973	D	$29.3595⁽³⁾	127,724	I	By AMT Investments LLC⁽¹⁾
Common Stock	06/09/2026		S		36,027	D	$29.3072⁽⁴⁾	91,697	I	By AMT Investments LLC⁽¹⁾
Common Stock	06/10/2026		S		50,000	D	$29.4092⁽⁵⁾	41,697	I	By AMT Investments LLC⁽¹⁾
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 reporting person disclaims beneficial ownership of the securities, except to the extent of a pecuniary interest therein.

2. The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $29.18 to $29.23, 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.

3. The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $29.35 to $29.36, 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.

4. The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $29.30 to $29.33, 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.

5. The price reported in Column 4 is a weighted average price with shares sold in multiple transactions at prices ranging from $29.40 to $29.42, 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	06/10/2026
	** 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

FAQ

What insider activity did Caesars Entertainment (CZR) disclose in this Form 4?

Caesars Entertainment reported indirect stock sales by entities linked to director Michael E. Pegram. AMT Investments LLC and a trust sold common shares in several June 2026 open-market transactions, while Pegram retained a smaller direct holding after these trades.

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

Associated entities sold 115,200 Caesars shares in June 2026. Sale prices were weighted averages around $29.41, $29.31, $29.36, and $29.20 per share across different days, reflecting multiple open-market transactions within narrow price ranges.

Which entities linked to director Michael Pegram traded Caesars (CZR) stock?

AMT Investments LLC and a trust executed the trades. AMT Investments LLC sold multiple blocks of Caesars common stock on June 8–10, 2026, while a trust both purchased shares in May 2023 and later sold 15,200 shares on June 8, 2026.

What are Michael Pegram’s reported Caesars (CZR) holdings after these transactions?

Post-trade, AMT Investments LLC held 41,697 shares of Caesars, the trust held none, and Pegram’s last reported direct ownership was 4,612 shares. These figures reflect positions as shown in the Form 4 following the June 2026 sales.

Did Michael Pegram personally control the Caesars (CZR) shares sold?

The filing attributes shares to entities and includes a disclaimer. Holdings are reported as indirect through AMT Investments LLC and a trust, and Pegram disclaims beneficial ownership of the securities except to the extent of any pecuniary interest in them.

How were the Caesars (CZR) sale prices calculated in this insider report?

The reported sale prices are weighted averages. Footnotes explain each price reflects multiple trades within narrow ranges, and Pegram undertakes to provide detailed trade-by-trade information on request to the company, its security holders, or the SEC staff.