Pegram Michael E 4

What Happened
Michael E. Pegram, a director of Caesars Entertainment, sold a total of 55,000 shares in open-market transactions on June 2, 2026. The filings show two dispositions: 50,000 shares at $29.20 (proceeds $1,460,080) and 5,000 shares at $29.19 (proceeds $145,951), totaling roughly $1,606,031. These were sales (S), which are often routine transactions rather than a bullish signal.

Key Details

• Transaction date: June 2, 2026; Form 4 filed June 3, 2026 (appears timely).
• Prices and proceeds: 50,000 @ $29.20 = $1,460,080; 5,000 @ $29.19 = $145,951; total ≈ $1,606,031.
• Reported price range footnote: sales occurred at prices ranging $29.18–$29.21; the reported price is a weighted average (Footnote F1).
• Beneficial ownership note: the reporting person disclaims beneficial ownership except to the extent of a pecuniary interest (Footnote F2).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context
These were open-market sales (code S). Sales by directors can be for many reasons (diversification, personal liquidity, taxes, etc.) and do not necessarily indicate a change in view on the company. There’s no indication in the provided data of a 10b5-1 plan, option exercise, gift, or tax-withholding event.