X0508 4 2024-01-03 0000921738 PENN Entertainment, Inc. PENN 0001901955 Rogers Christopher Byron 825 BERKSHIRE BLVD. SUITE 200 WYOMISSING PA 19610 true EVP and Chief Strategy Officer true Common Stock 2024-01-03 4 M 0 7074 14.1 A 35231 D Common Stock 2024-01-03 4 S 0 5017 25.23 D 30214 D Stock Options (Rightto Buy) 14.1 2024-01-03 4 M 0 7074 0 D 2024-01-04 Common Stock 7074 0 D Stock Options (Rightto Buy) 25.95 2024-01-03 4 A 0 94944 0 A 2025-01-03 2034-01-03 Common Stock 94944 94944 D The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. The stock options exercised by the reporting person on January 3, 2024 were scheduled to expire on January 4, 2024. This was a broker-assisted cashless exercise and hold transaction and therefore the proceeds from the sales were used solely to pay the exercise price, cover withholding taxes and pay broker fees and commissions. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.78 to $25.26, inclusive. The reporting person undertakes to provide to Penn Entertainment, Inc., any security holder of Penn Entertainment, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4. The stock options vested in four annual installments beginning on January 4, 2018. The stock options vest in four equal annual installments beginning on January 3, 2025. /s/ Joshua Sidworth, Attorney-in-Fact for Christopher Byron Rogers 2024-01-05