Michael E Pegram

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.

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.

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.