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

Role: 10%+ Owner
Signature: Liberty Media Corporation By: /s/ Brittany A. Uthoff, Title: Vice President and Assistant Secretary
Issuer symbol: BATRA
Transactions as of: 18 Jul 2023
Net transactions value: $0
Form type: 4
Filing time: 20 Jul 2023, 16:04:55 UTC
Previous filing: 17 Jul 2023
Next filing: 15 Sep 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Ownership	Footnotes
transaction	BATRK	Common Stock	Other	-1,000	-100%	0	18 Jul 2023	Direct	F1
transaction	BATRK	Series A Common Stock	Other	+10,318,202		10,318,202	18 Jul 2023	Direct	F1
transaction	BATRK	Series B Common Stock	Other	+977,795		977,795	18 Jul 2023	Direct	F1
transaction	BATRK	Series C Common Stock	Other	+50,423,293		50,423,293	18 Jul 2023	Direct	F1
transaction	BATRK	Series A Common Stock	Other	-10,318,202	-100%	0	18 Jul 2023	Direct	F1
transaction	BATRK	Series B Common Stock	Other	-977,795	-100%	0	18 Jul 2023	Direct	F1
transaction	BATRK	Series C Common Stock	Other	-41,819,324	-83%	8,603,969	18 Jul 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.

Content

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.