Earnings Feed
Start Free
Caesars Entertainment, Inc.·4

Jun 10, 6:41 PM ET

Pegram Michael E 4

Research Summary

AI-generated summary

Updated

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.