Brian Deevy - Jul 18, 2023 Form 4 Insider Report for Atlanta Braves Holdings, Inc. (BATRK)

Role
Director
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for Brian Deevy
Stock symbol
BATRK
Transactions as of
Jul 18, 2023
Transactions value $
$0
Form type
4
Date filed
7/20/2023, 05:08 PM
Previous filing
Dec 12, 2022
Next filing
Jul 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BATRK Series A Common Stock Other $0 +1K $0.00 1K Jul 18, 2023 Direct F1
transaction BATRK Series C Common Stock Other $0 +2.27K $0.00 2.27K Jul 18, 2023 Direct F1
transaction BATRK Series C Common Stock Other $0 +206 +9.09% $0.00 2.47K Jul 19, 2023 Direct F1, F2

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 Other +120 120 Jul 18, 2023 Series C Common Stock 120 Direct F3, F4
transaction BATRK Stock Option (Right to Buy) - BATRK Other +888 888 Jul 18, 2023 Series C Common Stock 888 $25.46 Direct F3
transaction BATRK Stock Option (Right to Buy) - BATRK Other +298 298 Jul 18, 2023 Series C Common Stock 298 $27.89 Direct F3
transaction BATRK Stock Option (Right to Buy) - BATRK Other +315 315 Jul 18, 2023 Series C Common Stock 315 $32.76 Direct F3
transaction BATRK Stock Option (Right to Buy) - BATRK Other +490 490 Jul 18, 2023 Series C Common Stock 490 $28.27 Direct F3
transaction BATRK Stock Option (Right to Buy) - BATRK Other +396 396 Jul 18, 2023 Series C Common Stock 396 $26.36 Direct F3
transaction BATRK Stock Option (Right to Buy) - BATRK Other +466 466 Jul 18, 2023 Series C Common Stock 466 $22.56 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 18, 2023, Liberty Media Corporation ("Liberty Media") redeemed (the "Redemption") each share of its Liberty Braves common stock for shares of common stock of Atlanta Braves Holdings, Inc. (the "Issuer"). In the Redemption, Liberty Media redeemed (i) each outstanding share of its Series A Liberty Braves common stock for one share of the Issuer's Series A common stock, (ii) each outstanding share of its Series B Liberty Braves common stock for one share of the Issuer's Series B common stock and (iii) each outstanding share of its Series C Liberty Braves common stock for one share of the Issuer's Series C common stock.
F2 On July 19, 2023, following the Redemption, Liberty Media distributed on a pro rata basis 6,792,903 shares of the Issuer's Series C common stock to holders of Liberty Media's Series A Liberty Formula One common stock, Series B Liberty Formula One common stock and Series C Liberty Formula One common stock following the settlement and extinguishment of an intergroup interest in Liberty Media's Braves Group attributed to Liberty Media's Formula One Group, as described in the Registration Statement on Form S-4 filed by Liberty Media with the Securities and Exchange Commission (File No. 333-268921).
F3 In connection with the Redemption, all equity awards held by the reporting person with respect to Liberty Media's Liberty Braves common stock (each, a "Braves Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the equity awards were granted, such that each Braves Award was exchanged for an option to purchase, or a restricted stock unit with respect to, an equivalent number of shares of the corresponding series of the Issuer's common stock. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F4 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Series C common stock.