Ariel Emanuel - Aug 24, 2023 Form 4 Insider Report for Endeavor Group Holdings, Inc. (EDR)

Signature
/s/ Robert Hilton, Attorney-in-fact
Stock symbol
EDR
Transactions as of
Aug 24, 2023
Transactions value $
-$8,707,055
Form type
4
Date filed
8/28/2023, 09:05 PM
Previous filing
Aug 23, 2023
Next filing
Sep 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EDR Class X Common Stock Disposed to Issuer $0 -150K -0.52% $0.00 28.9M Aug 24, 2023 See footnote F1, F2
transaction EDR Class Y Common Stock Disposed to Issuer $0 -150K -0.52% $0.00 28.9M Aug 24, 2023 See footnote F1, F2
transaction EDR Class A Common Stock Conversion of derivative security $0 +150K +73.37% $0.00 354K Aug 24, 2023 Direct
transaction EDR Class A Common Stock Sale -$3.61M -150K -42.32% $24.08 204K Aug 24, 2023 Direct F3
transaction EDR Class X Common Stock Disposed to Issuer $0 -25K -0.09% $0.00 28.9M Aug 25, 2023 See footnote F1, F2
transaction EDR Class Y Common Stock Disposed to Issuer $0 -25K -0.09% $0.00 28.9M Aug 25, 2023 See footnote F1, F2
transaction EDR Class A Common Stock Conversion of derivative security $0 +25K +12.23% $0.00 229K Aug 25, 2023 Direct
transaction EDR Class A Common Stock Sale $602K +25K +13.93% $24.07 204K Aug 25, 2023 Direct F4
transaction EDR Class A Common Stock Award $0 +147K +71.72% $0.00 351K Aug 25, 2023 Direct F5
transaction EDR Class X Common Stock Disposed to Issuer $0 -165K -0.57% $0.00 28.7M Aug 28, 2023 See footnote F1, F2
transaction EDR Class Y Common Stock Disposed to Issuer $0 -165K -0.57% $0.00 28.7M Aug 28, 2023 See footnote F1, F2
transaction EDR Class A Common Stock Conversion of derivative security $0 -165K -24.23% $0.00 516K Aug 28, 2023 Direct
transaction EDR Class A Common Stock Sale -$5.7M -236K -45.82% $24.09 280K Aug 28, 2023 Direct F6, F7
holding EDR Class A Common Stock 1.55M Aug 24, 2023 By The Ariel Z. Emanuel Living Trust
holding EDR Class X Common Stock 10.2M Aug 24, 2023 Direct
holding EDR Class Y Common Stock 10.2M Aug 24, 2023 Direct

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 Endeavor Operating Company Units Conversion of derivative security $0 -150K -0.58% $0.00 25.6M Aug 24, 2023 Class A Common Stock 150K See footnote F2, F8
transaction EDR Endeavor Operating Company Units Conversion of derivative security $0 -25K -0.1% $0.00 25.6M Aug 25, 2023 Class A Common Stock 25K See footnote F2, F8
transaction EDR Endeavor Operating Company Units Conversion of derivative security $0 -165K -0.64% $0.00 25.5M Aug 28, 2023 Class A Common Stock 165K See footnote F2, F8
holding EDR Endeavor Operating Company Units 4.19M Aug 24, 2023 Class A Common Stock 4.19M Direct F8
* 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 the redemption of common units issued by Endeavor Executive Holdco, LLC to the Reporting Person in accordance with the limited liability company agreement of Endeavor Executive Holdco, LLC. The disposition in Table I reflects the cancellation for no consideration of a number of shares of Class X Common Stock and Class Y Common Stock upon the exchange of an equal number of limited liability company units ("OpCo Units") of Endeavor Operating Company, LLC ("OpCo").
F2 Represents securities held by Endeavor Executive Holdco, LLC, Endeavor Executive PIU Holdco, LLC and Endeavor Executive II Holdco, LLC, which are managed by a board of directors composed of the Reporting Person and Patrick Whitesell.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.96 to $24.30. 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.00 to $24.17. 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.
F5 Represents a grant of fully-vested restricted stock units ("RSUs"), which was made by the Issuer to the Reporting Person in connection with OpCo imposing a limitation on the tax distributions that otherwise would have been payable by OpCo to its members that resulted in the Reporting Person, in its capacity as a member of EOC, not receiving tax distributions from OpCo sufficient to cover the estimated amount of tax attributable to the Reporting Person's interest in OpCo (determined in a manner consistent with the operating agreement of OpCo). Each RSU represents one share of the Issuer's Class A Common Stock.
F6 Includes 71,487 shares of Class A Common Stock that were sold automatically to cover taxes in connection with the vesting of the RSUs, pursuant to the award agreement.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.01 to $24.19.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.
F8 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.