Jason Lublin - Sep 12, 2022 Form 4 Insider Report for Endeavor Group Holdings, Inc. (EDR)

Signature
/s/ Robert Hilton, Attorney-in-fact
Stock symbol
EDR
Transactions as of
Sep 12, 2022
Transactions value $
-$2,189,001
Form type
4
Date filed
9/14/2022, 07:00 PM
Previous filing
May 6, 2022
Next filing
Nov 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EDR Class X Common Stock Conversion of derivative security $0 +56.5K +12.74% $0.00 500K Sep 12, 2022 Direct
transaction EDR Class X Common Stock Disposed to Issuer $0 -56.5K -11.3% $0.00 444K Sep 12, 2022 Direct F1
transaction EDR Class A Common Stock Conversion of derivative security $0 +56.5K +121.53% $0.00 103K Sep 12, 2022 Direct
transaction EDR Class A Common Stock Sale -$1.44M -56.5K -54.86% $25.52 46.5K Sep 12, 2022 Direct F1, F2
transaction EDR Class X Common Stock Conversion of derivative security $0 +29.7K +6.7% $0.00 474K Sep 14, 2022 Direct
transaction EDR Class X Common Stock Disposed to Issuer $0 -29.7K -6.28% $0.00 444K Sep 14, 2022 Direct F1
transaction EDR Class A Common Stock Conversion of derivative security $0 +29.7K +63.91% $0.00 76.2K Sep 14, 2022 Direct
transaction EDR Class A Common Stock Sale -$747K -29.7K -38.99% $25.12 46.5K Sep 14, 2022 Direct F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EDR Units of Executive Holdco Conversion of derivative security $0 -56.5K -2.54% $0.00 2.17M Sep 12, 2022 Units of Endeavor Operating Company 56.5K Direct F4, F6
transaction EDR Units of Endeavor Operating Company Conversion of derivative security $0 +56.5K +12.74% $0.00 500K Sep 12, 2022 Class A Common Stock 56.5K Direct F5
transaction EDR Units of Endeavor Operating Company Conversion of derivative security $0 -56.5K -11.3% $0.00 444K Sep 12, 2022 Class A Common Stock 56.5K Direct F5
transaction EDR Units of Executive Holdco Conversion of derivative security $0 -29.7K -1.37% $0.00 2.14M Sep 14, 2022 Units of Endeavor Operating Company 29.7K Direct F4
transaction EDR Units of Endeavor Operating Company Conversion of derivative security $0 +29.7K +6.7% $0.00 474K Sep 14, 2022 Class A Common Stock 29.7K Direct F5
transaction EDR Units of Endeavor Operating Company Conversion of derivative security $0 -29.7K -6.28% $0.00 444K Sep 14, 2022 Class A Common Stock 29.7K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 relates to sales and redemption that were effected pursuant to a 10b5-1 trading plan adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Such redemption involved an exchange of common units issued by Endeavor Executive Holdco, LLC for an equal number of limited liability company units of Endeavor Operating Company, LLC ("OpCo Units") and paired shares of Class X Common Stock of the Issuer, and subsequently an exchange of such OpCo Units and shares of Class X Common Stock for an equal number of shares of Class A Common Stock. The disposition of Class X Common Stock reported reflects the cancellation for no consideration of a number of shares of Class X Common Stock upon the exchange of an equal number of OpCo Units.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.20 to $26.07. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, 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 this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.955 to $25.265. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, 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 this footnote.
F4 Each of the units is exchangeable on a 1-for-1 basis for OpCo Units and an equal number of paired shares of Class X Common Stock of the Issuer.
F5 The OpCo Units are exchangeable by the holder on a 1-for-1 basis for, at the option of the Issuer (i) a share of Class A Common Stock, subject to conversion rate adjustments for stock splits, stock dividends, reclassification and other similar transactions or (ii) subject to certain conditions, an equivalent amount of cash. Upon exchange, an equal number of shares of Class X Common Stock will automatically be cancelled.
F6 Includes common units from the recapitalization in May 2021 of profits units that were previously reported by the Reporting Person into an equal number of common units issued by Endeavor Executive PIU Holdco, LLC.