LYNN JESSE 4

What Happened

• Lynn Jesse, a director of Caesars Entertainment, was granted 10,369 restricted stock units (RSUs) on January 23, 2026. The award was reported as an acquisition at $0.00 (award/derivative), and the RSUs convert into common stock on a one‑for‑one basis.
• The RSUs were fully vested at grant and the reporting person has elected to defer receipt of the underlying shares until his separation from service under the issuer’s outside director deferred compensation plan.

Key Details

• Transaction date: 2026-01-23 (reported on Form 4 filed 2026-01-27).
• Security and amount: 10,369 RSUs granted; reported acquisition price $0.00 (award).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes: F1 — RSUs convert 1:1 into common stock. F2 — RSUs were fully vested upon grant, were granted under the Amended and Restated 2015 Equity Incentive Plan, are deferred under the outside director deferred compensation plan, and do not expire.
• Filing timeliness: Form 4 filed Jan 27, 2026; no late‑filing indication in the report.

Context

• This was an award of deferred restricted stock units (a derivative compensation grant), not a purchase or sale. Because the RSUs are deferred until separation, no shares were issued to Mr. Jesse immediately and no sale or cash proceeds occurred. Such awards are typical for outside directors as deferred compensation and do not by themselves indicate trading intent.