Michael Pegram, a director at Caesars Entertainment, Inc., executed two distinct sales of common stock on June 2, 2026. In total, the transactions involved the disposition of 55,000 shares, amounting to $1,606,030. The selling prices for these shares ranged narrowly between $29.1901 and $29.2016 per share.
The total sale was structured across two separate transactions. The larger component involved 50,000 shares that were disposed of indirectly through AMT Investments LLC. For this substantial portion, the reported price used a weighted average of $29.2016, although individual sales occurred at prices spanning from $29.18 to $29.21. The second transaction accounted for 5,000 shares sold at a rate of $29.1901 per share, also routed indirectly through Pea Peg LLC I.
It is important to note that Mr. Pegram formally disclaims beneficial ownership of the securities from both indirect sales, retaining only any limited pecuniary interest in those transactions.
Contextualizing the Insider Activity
This recent insider selling takes place against a backdrop of strong performance metrics for Caesars stock. The equity has registered significant gains, showing an increase of 24% year-to-date and matching that percentage gain over the preceding six months. Despite this upward momentum, analysis provided by InvestingPro suggests that the stock currently appears overvalued when measured against its determined Fair Value.
On the financial health front, the company maintains a