Frank A. Riddick III - Sep 12, 2023 Form 4 Insider Report for WORLD WRESTLING ENTERTAINMENT, LLC (WWE)

Role
President & CFO
Signature
/s/ Frank A. Riddick, III
Stock symbol
WWE
Transactions as of
Sep 12, 2023
Transactions value $
$0
Form type
4
Date filed
9/12/2023, 05:01 PM
Previous filing
Jul 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WWE Class A Common Stock Award +17.4K +12.54% 156K Sep 12, 2023 Direct F1, F4
transaction WWE Class A Common Stock Disposed to Issuer -51.6K -33.05% 104K Sep 12, 2023 Direct F2
transaction WWE Class A Common Stock Disposed to Issuer -104K -100% 0 Sep 12, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Frank A. Riddick III is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In connection with the closing of the transactions under the Transaction Agreement, dated as of April 2, 2023 (the "Transaction Agreement"), among World Wrestling Entertainment, LLC (f/k/a World Wrestling Entertainment, Inc., "WWE"), Endeavor Group Holdings, Inc., Endeavor Operating Company, LLC, TKO Operating Company, LLC (f/k/a Zuffa Parent, LLC), TKO Group Holdings, Inc. (f/k/a New Whale Inc., "TKO") and Whale Merger Sub Inc., WWE performance stock units ("PSUs"), which were granted in February 2023, subject to financial and/or operational performance goals, were equitably adjusted into time-based WWE restricted stock units ("RSUs") at target level, subject to vesting over three years. Each WWE RSU reflects the right to receive one share of WWE Class A common stock following vesting.
F2 Pursuant to the Transaction Agreement, each share of WWE Class A common stock was converted into the right to receive one share of TKO Class A common stock.
F3 Pursuant to the Transaction Agreement, each outstanding award of WWE RSUs was converted into an award of TKO's RSUs, on the same terms and conditions as were applicable under the original WWE RSUs immediately prior to the effective time of the conversion (including any provisions for acceleration) on a one-to-one basis.
F4 Also includes shares acquired under the Company's ESPP and/or dividend accruals, all of which are exempt under Section 16.