Yunker Bret 4

What Happened
Bret Yunker, Chief Financial Officer of Caesars Entertainment (CZR), had restricted stock units (RSUs) vest and convert into 44,272 shares of common stock on January 29, 2026. To satisfy tax withholding, 17,423 of those shares were surrendered at $21.28 each for a withholding value of $370,761. Net shares delivered to Yunker after withholding were 26,849. There was no cash exercise price for the RSUs (conversion at $0).

Key Details

• Transaction date: January 29, 2026; Form 4 filed February 2, 2026 (timely filing).
• Acquired: 44,272 shares via RSU conversion (transaction code M, $0.00 exercise price).
• Withheld for taxes: 17,423 shares disposed (transaction code F) at $21.28 each = $370,761.
• Net shares received by insider: 26,849 (44,272 acquired − 17,423 withheld).
• Footnotes: RSU installments granted 1/27/2023, 1/26/2024, and 1/24/2025 vested on 1/29/2026; RSUs convert 1:1 and do not expire.
• Shares owned after the transaction are not disclosed in the provided excerpt.

Context
This was a vesting/conversion of RSUs (not an open-market purchase or voluntary sale). The withholding of shares to cover tax liability is a routine, non-sale disposition used to satisfy withholding obligations and does not necessarily indicate a change in the insider’s view of the company.