Terence F. Mcguirk - 11 Dec 2025 Form 4 Insider Report for Atlanta Braves Holdings, Inc. (BATRA)

Role: Chairman, President & CEO, Director, 10%+ Owner
Signature: /s/ Kerry T. Wenzel, Attorney-in-Fact
Issuer symbol: BATRA
Transactions as of: 11 Dec 2025
Net transactions value: -$265,647
Form type: 4
Filing time: 15 Dec 2025, 16:01:38 UTC
Previous filing: 08 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
MCGUIRK TERENCE F	Chairman, President & CEO, Director, 10%+ Owner	C/O ATLANTA BRAVES HOLDINGS, INC., 755 BATTERY AVENUE SE, ATLANTA	/s/ Kerry T. Wenzel, Attorney-in-Fact	15 Dec 2025	0001232631

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BATRK	Series C Common Stock	Options Exercise	$0	+15,042	+6.3%	$0.000000	255,383	11 Dec 2025	Direct	F1
transaction	BATRK	Series C Common Stock	Sale	$265,647	-6,688	-2.6%	$39.72	248,695	12 Dec 2025	Direct	F2, F3
holding	BATRK	Series C Common Stock						265,000	11 Dec 2025	By Trust	F4

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	-15,042	-50%	$0.000000	15,042	11 Dec 2025	Series C Common Stock	15,042		Direct	F5, F6

* 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 range of prices for such transaction is $39.37 to $40.12. Upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided.
F4	Reflects shares held in a family trust for which the reporting person's spouse is trustee and the reporting person's children are beneficiaries.
F5	Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.
F6	One-third of the restricted stock unit award vested on each of December 11, 2024 and 2025, and the remaining restricted stock units vest on December 11, 2026.