Liberty Media Corp - Jul 18, 2023 Form 4 Insider Report for Atlanta Braves Holdings, Inc. (BATRK)

Role
10%+ Owner
Signature
Liberty Media Corporation By: /s/ Brittany A. Uthoff, Title: Vice President and Assistant Secretary
Stock symbol
BATRK
Transactions as of
Jul 18, 2023
Transactions value $
$0
Form type
4
Date filed
7/20/2023, 04:04 PM
Previous filing
Jul 17, 2023
Next filing
Sep 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BATRK Common Stock Other -1K -100% 0 Jul 18, 2023 Direct F1
transaction BATRK Series A Common Stock Other +10.3M 10.3M Jul 18, 2023 Direct F1
transaction BATRK Series B Common Stock Other +978K 978K Jul 18, 2023 Direct F1
transaction BATRK Series C Common Stock Other +50.4M 50.4M Jul 18, 2023 Direct F1
transaction BATRK Series A Common Stock Other -10.3M -100% 0 Jul 18, 2023 Direct F1
transaction BATRK Series B Common Stock Other -978K -100% 0 Jul 18, 2023 Direct F1
transaction BATRK Series C Common Stock Other -41.8M -82.94% 8.6M Jul 18, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Liberty Media Corp is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The transaction reported on this Form 4 relates to the split-off of the Issuer from the Reporting Person effective July 18, 2023. To effect the split-off, the issued and outstanding common stock of the Issuer, consisting of 1,000 shares of common stock, was reclassified into 10,318,202 shares of the Issuer's Series A common stock ("BATRA"), 977,795 shares of the Issuer's Series B common stock ("BATRB") and 50,423,293 shares of the Issuer's Series C common stock ("BATRK"). In the split-off, the Reporting Person redeemed (i) each outstanding share of its Series A Liberty Braves common stock for one share of BATRA, (ii) each outstanding share of its Series B Liberty Braves common stock for one share of BATRB and (iii) each outstanding share of its Series C Liberty Braves common stock for one share of BATRK. The Reporting Person retained 8,603,969 shares of non-voting BATRK in the split-off and thus is no longer subject to the obligations of Section 16.