Form 144 is a notice of intent to sell, not an executed trade. No material price signal for CZR. Monitor insider Form 4 filings over the coming weeks to determine if the sale actually occurred. Given historical performance on CZR reports (0% win rate at T+20), the market has not responded to this filing type.
Price Chart
Executive Summary
Michael E. Pegram, a director of Caesars Entertainment, filed a Form 144 to sell 152,000 common shares through Raymond James. However, the calculation of approximate dollar value per the filings is inconsistent (reported as ~$444K and ~$279M in different sections, and an additional separate entry for 55,000 shares with ~$1.6M combined). Regardless of the discrepancy, the director's proposed sale is an advance notice of intent to sell restricted or control securities and is not a completed transaction. Given the filing nature (only intent, not executed sale), mixed data quality, and the director role (not CEO/CFO), this carries limited standalone market signal.
Key Facts
- Reporting person: Michael E. Pegram, director
- Shares proposed to be sold: 152,000 common shares (subject to data discrepancies in the filing)
- Total approximate market value of proposed sale not reliably determinable from inconsistent data; at least ~$1.6M based on separate entries for 55,000 shares
- Shares acquired via open-market purchases in 2023 and 2024
- Proposed sale date: June 8, 2026; Form 144 filed June 9, 2026
Financial Impact
Director proposes sale of shares acquired via open-market purchases. Market value of the sale, based on the larger filed entry of 55,000 shares with ~$1.6M, is modest relative to $6B market cap (~0.003% for that portion). The larger share count (152,000) cannot be reliably priced from the filing data alone.
Risk Factors
- Director may or may not execute the proposed sale — Form 144 is non-binding
- Filing data contains internal discrepancies, reducing reliability of volume and value estimates
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001974078-26-000227 |
| Document: 0001974078-26-000227-index.html | 0001974078-26-000227 |
| Document: 0001974078-26-000227.txt | 0001974078-26-000227 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | Court Ruling | $29.67 $29.64 | ▼ −0.10% | ▲ +0.12% | $29.66 (−0.05%) |
Sep 10, 2026 21d ago | 144 | $29.65 $29.67 | ▲ +0.07% | ▲ +0.57% | $29.66 (+0.02%) |
Aug 26, 2026 5w ago | DEFM14A | $29.66 $29.69 | ▲ +0.10% | ▲ +0.22% | $29.66 (−0.02%) |
Aug 24, 2026 5w ago | 144 | $29.66 $29.70 | ▲ +0.13% | ▼ −0.33% | $29.66 (−0.02%) |
Aug 21, 2026 6w ago | Insider Cluster | $29.76 $29.73 | ▲ +0.10% | ▲ +0.57% | $29.66 (+0.35%) |
Jul 7, 2026 12w ago | 8-K | $29.82 $29.85 | ▲ +0.10% | ▼ −0.76% | $29.66 (−0.55%) |
Jun 15, 2026 15w ago | 144 | $29.50 $29.29 | ▲ +0.71% | ▼ −0.67% | $29.66 (−0.53%) |
Jun 12, 2026 15w ago | Insider Cluster | $29.50 $29.29 | ▼ −0.71% | ▲ +0.67% | $29.66 (+0.53%) |
Jun 12, 2026 16w ago | Institutional Cluster | $29.49 $29.22 | ▼ −0.92% | ▼ −1.59% | $29.66 (+0.56%) |
Jun 10, 2026 16w ago | 144 | $29.47 $29.31 | ▼ −0.54% | ▼ −3.98% | $29.66 (+0.63%) |
US Market Status
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