Albert E. Rosenthaler - 18 Jul 2023 Form 4 Insider Report for Atlanta Braves Holdings, Inc. (BATRA)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
20 Jul 2023, 17:08:08 UTC
Prior SEC filing
17 Jul 2023
Next SEC filing
28 Jul 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for Albert E. Rosenthaler

Key filing fact

Albert E. Rosenthaler filed Form 4 for Atlanta Braves Holdings, Inc. (BATRA) on 20 Jul 2023.

Key facts

  • This page summarizes Albert E. Rosenthaler's Form 4 filing for Atlanta Braves Holdings, Inc. (BATRA).
  • 5 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 20 Jul 2023, 17:08.

Change

  • Previous filing in this sequence was filed on 17 Jul 2023.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BATRK transaction

Series A Common Stock

Other

Transaction value
$0
Shares
+6,662
Change %
Price
$0.000000
Shares after
6,662
Date
18 Jul 2023
Ownership
Direct
Footnotes
F1
BATRK transaction

Series C Common Stock

Other

Transaction value
$0
Shares
+40,768
Change %
Price
$0.000000
Shares after
40,768
Date
18 Jul 2023
Ownership
Direct
Footnotes
F1
BATRK transaction

Series C Common Stock

Other

Transaction value
$0
Shares
+2,196
Change %
+5.4%
Price
$0.000000
Shares after
42,964
Date
19 Jul 2023
Ownership
Direct
Footnotes
F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BATRK transaction Derivative

Stock Option (Right to Buy) - BATRK

Other

Transaction value
Shares
+24,656
Change %
Price
Shares after
24,656
Date
18 Jul 2023
Ownership
Direct
Underlying class
Series C Common Stock
Underlying amount
24,656
Exercise price
$26.36
Footnotes
F3, F4
BATRK transaction Derivative

Stock Option (Right to Buy) - BATRK

Other

Transaction value
Shares
+5,031
Change %
Price
Shares after
5,031
Date
18 Jul 2023
Ownership
Direct
Underlying class
Series C Common Stock
Underlying amount
5,031
Exercise price
$22.96
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote 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).

Footnote F3

In connection with the Redemption, all option 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 option awards were granted, such that each Braves Award was exchanged for an option to purchase 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.

Footnote F4

This option award vested 50% on December 10, 2022, and will vest 50% on December 10, 2023.

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