Derek Gordon Schiller - Dec 11, 2024 Form 4 Insider Report for Atlanta Braves Holdings, Inc. (BATRK)

Role
EVP, Business
Signature
/s/ Kerry T. Wenzel, Attorney-in-Fact
Stock symbol
BATRK
Transactions as of
Dec 11, 2024
Transactions value $
-$596,554
Form type
4
Date filed
12/13/2024, 04:36 PM
Previous filing
Dec 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BATRK Series C Common Stock Options Exercise $0 +22.3K +7.09% $0.00 337K Dec 11, 2024 Direct F1
transaction BATRK Series C Common Stock Options Exercise $0 +11.1K +3.31% $0.00 348K Dec 11, 2024 Direct F1
transaction BATRK Series C Common Stock Sale -$597K -14.9K -4.3% $39.93 333K Dec 12, 2024 Direct F2, F3

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 BATRK Restricted Stock Units - BATRK Options Exercise $0 -22.3K -100% $0.00 0 Dec 11, 2024 Series C Common Stock 22.3K Direct F4
transaction BATRK Restricted Stock Units - BATRK Options Exercise $0 -11.1K -33.33% $0.00 22.3K Dec 11, 2024 Series C Common Stock 11.1K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit converted into one share of Series C Common Stock.
F2 The sale reported on this Form 4 represents shares sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of the restricted stock units.
F3 Reflects the weighted average sale price. The reporting person effected multiple same-way open market sale transactions on the same day at different prices through a trade order executed by a broker dealer. The reporting person reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a shareholder of the issuer, full information regarding the number of shares sold at each separate price. The range of prices for such transaction is $39.76 to $40.26.
F4 Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.
F5 One-third of the restricted stock unit award vested on December 11, 2024, and the remaining restricted stock units vest in substantially equal installments on each of December 11, 2025 and 2026.