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Signature
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/s/ Katherine C. Jewell as Attorney-in-Fact for Gregory B. Maffei
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Stock symbol
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BATRK
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Transactions as of
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Aug 29, 2024
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Transactions value $
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-$674,148
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Form type
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4
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Date filed
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8/30/2024, 04:30 PM
Transactions Table
| Type |
Sym |
Class |
Transaction |
Value $ |
Shares |
Change % |
* Price $ |
Shares After |
Date |
Ownership |
Footnotes |
| transaction |
BATRK |
Series C Common Stock |
Award |
$0 |
+35K |
+3.08% |
$0.00 |
1.17M |
Aug 29, 2024 |
Direct |
F1 |
| transaction |
BATRK |
Series C Common Stock |
Tax liability |
-$674K |
-15.3K |
-1.31% |
$43.97 |
1.16M |
Aug 29, 2024 |
Direct |
|
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
Remarks:
On August 21, 2024, John C. Malone and certain affiliated trusts and entities entered into a Proxy and Voting Agreement with Terence F. McGuirk, Chairman of Braves Holdings, LLC and a director of the Issuer (the "Malone Voting Agreement"). On August 21, 2024, the Reporting Person notified the Issuer of his resignation as President, Chief Executive Officer, Chairman of the Board and a director of the Issuer effective August 31, 2024. The execution of the Malone Voting Agreement constitutes a Change in Control of the Issuer as defined in the Reporting Person's Executive Employment Agreement, dated effective as of December 13, 2019, by and between the Reporting Person and Liberty Media Corporation and the Reporting Person's separation from employment with the Issuer is for "Good Reason" within the meaning of the Reporting Person's Executive Employment Agreement. As a result, the vesting of the equity award reported herein was accelerated to August 29, 2024 and such performance-based restricted stock units were deemed satisfied at 100% of "target".