Pegram Michael E 4
4 · Caesars Entertainment, Inc. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Caesars (CZR) Director Michael Pegram Sells 115,200 Shares
What Happened
Michael E. Pegram, a director of Caesars Entertainment, sold a total of 115,200 shares of CZR in multiple open-market transactions on June 8–10, 2026, generating aggregate proceeds of approximately $3,380,392. Earlier, Pegram purchased 2,500 shares on 2023-05-12 at $42.80 ($107,000) and 2,700 shares on 2023-05-16 at $42.27 ($114,129), for a total of 5,200 shares acquired in May 2023. Purchases are often seen as more informative about insider conviction; these earlier buys were small relative to the later sales.
Key Details
- Sales (open market):
- 2026-06-08: 15,200 shares @ weighted avg $29.20 — proceeds ~$443,842 (price range $29.18–$29.23) (F2)
- 2026-06-08: 13,973 shares @ weighted avg $29.36 — proceeds ~$410,240 (price range $29.35–$29.36) (F3)
- 2026-06-09: 36,027 shares @ weighted avg $29.31 — proceeds ~$1,055,850 (price range $29.30–$29.33) (F4)
- 2026-06-10: 50,000 shares @ weighted avg $29.41 — proceeds ~$1,470,460 (price range $29.40–$29.42) (F5)
- Purchases (open market): 2023-05-12: 2,500 shares @ $42.80 ($107,000); 2023-05-16: 2,700 shares @ $42.27 ($114,129).
- Aggregate: 115,200 shares sold for ~ $3.38M; 5,200 shares bought in May 2023 for ~$221,129.
- Ownership after transaction: Not specified in the information provided in this summary / filing excerpt.
- Footnotes: F1 — reporting person disclaims beneficial ownership except for pecuniary interest; F2–F5 — reported prices are weighted averages covering small price ranges; full breakdown available on request.
- Timeliness: Filing date 2026-06-10; the May 2023 purchases appear to be reported late relative to the transaction dates (they occurred in 2023 but are included in this 2026 filing).
Context
These were straightforward open-market purchases and sales (codes P = purchase, S = sale). The May 2023 purchases were small and could be interpreted as modest insider buys; the June 2026 transactions were sales generating multi-million dollar proceeds. The filing includes standard weighted-average price footnotes and a disclaimer of beneficial ownership; no option exercises, gifts, or tax-withholding events are indicated.
Insider Transaction Report
- Purchase
Common Stock
[F1]2023-05-12$42.80/sh+2,500$107,000→ 12,500 total(indirect: By Trust) - Purchase
Common Stock
[F1]2023-05-16$42.27/sh+2,700$114,129→ 15,200 total(indirect: By Trust) - Sale
Common Stock
[F2][F1]2026-06-08$29.20/sh−15,200$443,842→ 0 total(indirect: By Trust) - Sale
Common Stock
[F3][F1]2026-06-08$29.36/sh−13,973$410,240→ 127,724 total(indirect: By LLC) - Sale
Common Stock
[F4][F1]2026-06-09$29.31/sh−36,027$1,055,850→ 91,697 total(indirect: By LLC) - Sale
Common Stock
[F5][F1]2026-06-10$29.41/sh−50,000$1,470,460→ 41,697 total(indirect: By LLC)
- 4,612
Common Stock
Footnotes (5)
- [F1]The reporting person disclaims beneficial ownership of the securities, except to the extent of a pecuniary interest therein.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.