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CZR Caesars Entertainment, Inc. Insider Trading

Latest: Director Bought $221K of Shares · May 2023

Multiple insiders have been active at Caesars Entertainment, Inc. (CZR): 5 distinct insiders account for 4 buy filings and 3 sell filings as of Jun 2026. Its highest-significance filing in the last 90 days: Director Michael E Pegram bought $221K, transaction dated May 2023.

7 filings analyzed · Latest 2026-06-12

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Buys
4
Sells
3
Insiders
5
Direction
Net buying

Caesars Entertainment, Inc. leadership

CEO
Thomas R. Reeg — Chief Executive Officer
CFO
Bret Yunker — Chief Financial Officer
COO
Anthony L. Carano — President and Chief Operating Officer
General Counsel
Jr. Edmund L. Quatmann — Chief Legal Officer
Chair
Gary L. Carano — Executive Chairman of the Board

Historically, stocks have lagged the S&P 500 by a median ~3% over the 90 days after a medium insider sell (n ≈ 4,738, 2024-2026). Past results don't predict the future. How we measure this ↗

June 2026
2026-06-12
medium
41,697 shares
$1,228,684
@ $29.47
Significance 6

Director Michael E Pegram sold all 41,697 shares at $29.47 average price on 2026-06-11/12 for $1.2M

Michael E Pegram liquidated his entire position in Caesars Entertainment via 2 separate sales totaling 41,697 shares for $1,228,683.83, reducing holdings from 41.7K shares to zero. The blended average sale price of $29.47 was near the current price of $29.49, and occurred as the stock trades 6.6% below its 52-week high of $31.58. At the company level, Caesars remains unprofitable (net income of $-98.0M over the most recent full fiscal year) despite 2.1% annual revenue growth, providing a fundamental backdrop of ongoing losses. Pegram's cross-ticker track record shows his prior 2 sells had a 0.00% well-timed rate at the 90-day mark (both followed by modest stock appreciation), while his same-ticker history includes 2 recent sells on 2026-06-02 that also showed positive 90-day returns—indicating his prior sells at this company did not precede stock declines.

2026-06-10
high
5,200 shares
$221,129
@ $42.52
Significance 8

Director Michael E Pegram sold 115,200 shares (72.5% of holdings) for $3.4M across 4 transactions June 8-10, 2026

Michael E Pegram, a director at unprofitable Caesars Entertainment (net income $-98.0M), executed 4 separate sales totaling 115,200 shares for $3,380,392.30 over three consecutive trading days (June 8-10, 2026), reducing his holdings by 72.5% from 151,697 to 41,697 shares. The sales occurred at prices ($29.20–$29.41) near the company's 52-week high of $31.58, though currently the stock trades at $29.47 (-6.7% from high). Pegram's prior sell transactions at CZR were poorly timed, with positive 90-day returns (+0.8% and +0.9%), meaning the stock rose after those prior sales; his cross-ticker sell track record shows 0.00% well-timed rate, indicating a pattern of selling before rallies rather than before declines. This concentrated divestiture by a director merits scrutiny given the company's unprofitability and the magnitude of the position reduction, though the concurrent prior sales activity suggests an active liquidation program rather than a discrete conviction signal.

2026-06-10
high
Chief Legal Officer
81,566 shares
$2,393,823
@ $29.35
Significance 6

CLO Edmund L Jr Quatmann sold 81,566 shares (81.7% of holdings) of CZR at $29.35 for $2,393,823.44

Edmund L Jr Quatmann, Chief Legal Officer of Caesars Entertainment, executed a substantial sale of 81,566 shares, reducing his holdings from 99,829 shares to 18,263 shares—a reduction of 81.7% of his pre-transaction position. The sale occurred at $29.35 per share, near the company's current price of $29.47 and within the 52-week range of $17.86–$31.58. The company's recent fundamentals show a net loss of $98,000,000 over its latest full fiscal year, while quarterly revenue was $2,870,000,000 with annual revenue growth of 2.1%. This substantial liquidation by a senior officer at a time when the company is unprofitable merits monitoring for what it may signal about management's confidence in near-term operational recovery or capital allocation priorities.

2026-06-03
high
55,000 shares
$1,606,030
@ $29.20
Significance 7

Director Michael E Pegram liquidates entire 55.0K share stake in CZR for $1.6M at $29.20

Michael E Pegram's complete exit of his 55,000 shares (-100.0% of pre-transaction holdings) via 2 separate sales totaling $1,606,030.50 represents a full liquidation of his equity stake in Caesars Entertainment. The timing warrants attention: while the company carries a $5.9B market cap with $2.9B quarterly revenue, it remains unprofitable with negative net income of $-98.0M for the most recent period, and Pegram's prior 5 trades at CZR show mixed outcomes (3 of 4 measurable buys resulted in positive 90-day returns, but his most recent buy on 2024-05-29 showed +24.3% in 30 days). The current price of $29.18 sits 7.6% below the 52-week high of $31.58 and within close proximity to his blended sale price of $29.20, suggesting his execution occurred near recent highs. The complete elimination of his position—regardless of motive—eliminates any residual skin in the game for a director at an unprofitable company, which represents a material shift in insider commitment.

November 2025
2025-11-03
medium
1,000 shares
$18,688
@ $18.69
Significance 4

Director Biumi Bonnie buys 1,000 CZR shares at $18.69; stock down 25.0% in 30 days, -54.8% from 52-week high of $45.28.

Biumi Bonnie, a Director, purchased 1,000 shares of Caesars Entertainment at $18.69 on 2025-10-31, increasing her holdings by 3.1% to 32,780 shares. The transaction occurred as CZR trades 54.8% below its 52-week high and has declined 25.0% over the prior 30 days, suggesting the purchase came at a depressed price level. Her prior buy at CZR in May 2024 delivered a 90-day return of +14.5%, indicating she has historically timed entries at this ticker effectively. However, the company's fundamentals remain challenged: it posted negative net income of $-55.0M in the latest quarter, generated only $2.9B in revenue with annual revenue declining 2.4%, and was unprofitable over its full fiscal year. The timing of this purchase against a backdrop of steep recent declines and ongoing operational losses warrants investor attention to management's confidence level and the company's path to profitability.

March 2025
2025-03-10
medium
4,000 shares
$108,000
@ $27.00
Significance 4

Director Don R. Kornstein purchases 4,000 CZR shares at $27.00; stock down -40.2% from 52-week high amid unprofitability.

Director Don R. Kornstein purchased 4,000 shares at $27.00 on 2025-03-07, bringing his total holdings to 56,255 shares. The purchase occurred as Caesars Entertainment stock trades at $27.26, down -40.2% from its 52-week high of $45.55 and -26.2% over the past 90 days. The company reported a net loss of -$9.0M in its latest quarter and was unprofitable over its most recent full fiscal year, with annual revenue declining -2.4%. This buy represents a modest share count increase of 7.7% relative to pre-transaction holdings. The transaction occurs during a period of material stock depreciation and operational challenges at the company.

2025-03-04
medium
1,850 shares
$61,716
@ $33.36
Significance 4

Director David Tomick buys 1,850 shares of Caesars (CZR) at $33.36 amid unprofitability and 32.5% decline from 52-week high

Director David Tomick purchased 1,850 shares of Caesars Entertainment at $33.36, increasing his holdings by 5.2% to 37,392 shares post-transaction. This open-market purchase occurred as the company faces operational headwinds: net income was negative at $-9.0M in the latest quarter, full-year net income was negative, and annual revenue growth declined 2.4% year-over-year. The stock is currently trading at $30.73, down 32.5% from its 52-week high of $45.55 and down 20.4% over the past 90 days. The purchase price of $33.36 is above the current market price and reflects a transaction made in March 2025 when the stock had already experienced significant declines. This activity represents a director increasing exposure in a cyclical entertainment company during a period of declining profitability and share-price weakness, creating a factual data point for investor assessment of management positioning.

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