Chief Legal Officer Sells $2.39M in CZR Stock Post-Acquisition Announcement
CZR sits 65% above its 52-week low of $17.86.
Summary
Caesars Entertainment's Chief Legal Officer, Edmund L Jr Quatmann, sold $2.39 million worth of company stock following the announcement of the company's acquisition by Fertitta Entertainment.
Key Events · Ownership and Investor Activity · CZR
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Officer Sells Shares
Edmund L Jr Quatmann, Chief Legal Officer, sold 81,566 shares for a total of $2,393,823.
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Sale Below Acquisition Price
The shares were sold at an average price of $29.35, which is below the $31.00 per share acquisition price announced on May 28, 2026.
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Post-Acquisition Announcement
This transaction occurred on June 9, 2026, after Caesars Entertainment announced its definitive agreement to be acquired by Fertitta Entertainment.
Analysis · CZR · Real Estate & Construction
This significant insider sale by a C-suite executive occurs after the company announced its acquisition for $31.00 per share. Selling at $29.35, slightly below the acquisition price, suggests the officer is taking liquidity or de-risking their position rather than waiting for the deal to close. This follows a similar sale by another director earlier this month.
At the time of this filing, CZR was trading at $29.44 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $6B. The 52-week trading range was $17.86 to $31.58. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.