Renee L. Wilm - Aug 29, 2024 Form 4 Insider Report for Atlanta Braves Holdings, Inc. (BATRK)

Role
Chief Legal/Admin Officer
Signature
/s/ Katherine C. Jewell as Attorney-in-Fact for Renee L. Wilm
Stock symbol
BATRK
Transactions as of
Aug 29, 2024
Transactions value $
-$147,959
Form type
4
Date filed
8/30/2024, 04:32 PM
Previous filing
Aug 26, 2024
Next filing
Sep 11, 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 +7.27K +100.93% $0.00 14.5K Aug 29, 2024 Direct F1
transaction BATRK Series C Common Stock Award $0 +4.16K +28.71% $0.00 18.6K Aug 29, 2024 Direct F2
transaction BATRK Series C Common Stock Tax liability -$148K -3.37K -18.06% $43.97 15.3K Aug 29, 2024 Direct

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 -7.27K -100% $0.00 0 Aug 29, 2024 Series C Common Stock 7.27K Direct F3, F4
* 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 ("BATRK").
F2 Represents shares underlying performance-based restricted stock units granted to the Reporting Person on March 11, 2024 that were subject to the satisfaction of performance criteria, the vesting of which was accelerated as explained in Note 4 below.
F3 Each restricted stock unit represents a contingent right to receive one share of BATRK.
F4 On August 23, 2024, the Issuer and Liberty Media Corporation ("Liberty Media") announced the transition of various general and administrative services currently provided by Liberty Media to the Issuer (the Services Transition). In connection with the Services Transition, the vesting of the equity awards reported herein was accelerated to August 29, 2024 and, specifically with respect to the acceleration and vesting of performance-based restricted stock units granted to the Reporting Person, such performance-based restricted stock units were deemed satisfied at 100% of "target".