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	Shares	Change %	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

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.