SLTA IV (GP), L.L.C. - 22 Jul 2021 Form 4 Insider Report for Endeavor Group Holdings, Inc.

Footnote F1

This Form 4 is filed in connection with an internal reorganization of securities of Endeavor Group Holdings, Inc. (the "Issuer") held by certain investment funds affiliated with Silver Lake Group, L.L.C. ("SLG"), whereby certain direct and indirect holders of securities transferred their interests in the Issuer to either Silver Lake West HoldCo, L.P. or Silver Lake West HoldCo II, L.P. (together, the "HoldCos"), which now hold all of the securities of the Issuer beneficially owned by investment funds affiliated with SLG. There has been no change in the aggregate amount of securities of the Issuer economically owned by SLG and its affiliates. The HoldCos are separately filing Form 3 filings and will continue to report transactions in securities of the Issuer on behalf of investment funds managed by SLG and its affiliates. Mr. Egon Durban is the managing member of Silver Lake West VoteCo, L.L.C., which is the general partner of the HoldCos.

Footnote F2

These securities were held by SLP IV West Feeder I, L.P. and are now indirectly owned through West HoldCo II. The general partner of SLP IV West Feeder I, L.P. is Silver Lake Technology Associates IV, L.P. ("SLTA IV"). The general partner of SLTA IV is SLTA IV (GP), L.L.C. ("SLTA IV GP").

Footnote F3

These securities were held by SLP IV Basquiat Feeder I, L.P. and are now indirectly owned through West HoldCo II. The general partner of SLP IV Basquiat Feeder I, L.P. is SLTA IV. The general partner of SLTA IV is SLTA IV GP.

Footnote F4

These securities were held by SLP West Holdings Co-Invest II, L.P. and are now indirectly owned through West HoldCo. The general partner of SLP West Holdings Co-Invest II, L.P. is SLP Co-Invest GP, L.L.C. ("SLP Co-Invest GP").

Footnote F5

These securities were held by SLP West Holdings Co-Invest Feeder II, L.P and are now indirectly owned through West HoldCo II. The general partner of SLP West Holdings Co-Invest Feeder II, L.P. is SLP Co-Invest GP.

Footnote F6

These securities were held by SL SPV-1 Feeder I, L.P. and are now indirectly owned through West HoldCo II. The general partner of SL SPV-1 Feeder I, L.P. is SLTA SPV-1 L.P. and the general partner of SLTA SPV-1 L.P. is SLTA SPV-1 (GP), L.L.C. ("SLTA SPV GP").

Footnote F7

These securities were held by SLP West Holdings Co-Invest, L.P. and are now indirectly owned through West HoldCo. The general partner of SLP West Holdings Co-Invest, L.P. is SLP Denali Co-Invest GP, L.L.C. The managing member of SLP Denali Co-Invest GP, L.L.C. is Silver Lake Technology Associates III, L.P. The general partner of Silver Lake Technology Associates III, L.P. is SLTA III (GP), L.L.C. ("SLTA III GP").

Footnote F8

These securities were held by Silver Lake Partners VI DE (AIV), L.P. and are now indirectly owned through West HoldCo II. The general partner of Silver Lake Partners VI DE (AIV), L.P. is Silver Lake Technology Associates VI, L.P. ("SLTA VI"). The general partner of SLTA VI is SLTA VI (GP), L.L.C. ("SLTA VI GP").

Footnote F9

These securities were held by Silver Lake Technology Investors VI, L.P. and are now indirectly owned through West HoldCo II. The general partner of Silver Lake Technology Investors VI, L.P. is SLTA VI. The general partner of SLTA VI is SLTA VI GP.

Footnote F10

These securities were held by SLP West Holdings, L.L.C. and are now indirectly owned through West HoldCo. The managing member of SLP West Holdings, L.L.C. is Silver Lake Partners IV DE (AIV IV), L.P. The general partner of Silver Lake Partners IV DE (AIV IV), L.P. is SLTA IV. The general partner of SLTA IV is SLTA IV GP.

Footnote F11

These securities were held by SLP West Holdings II, L.L.C. and are now indirectly owned through West HoldCo. The managing member of SLP West Holdings II, L.L.C. is Silver Lake Partners IV DE (AIV IV), L.P. The general partner of Silver Lake Partners IV DE (AIV IV), L.P. is SLTA IV. The general partner of SLTA IV is SLTA IV GP.

Footnote F12

These securities were held by Silver Lake Partners IV DE (AIV III), L.P and are now indirectly owned through West HoldCo. The general partner of Silver Lake Partners IV DE (AIV III), L.P. is SLTA IV. The general partner of SLTA IV is SLTA IV GP.

Footnote F13

These securities were held by Silver Lake Technology Investors IV (Delaware II), L.P. and are now indirectly owned through West HoldCo. The general partner of Silver Lake Technology Investors IV (Delaware II), L.P. is SLTA IV. The general partner of SLTA IV is SLTA IV GP.

Footnote F14

These securities were held by SLP West Holdings III, L.P. and are now indirectly owned through West HoldCo. The general partner of SLP West Holdings III, L.P. is SLP West GP Holdings, L.L.C. The managing member of SLP West GP Holdings, L.L.C. is SLTA IV GP

Footnote F15

These securities were held by SLP West Holdings IV, L.P and are now indirectly owned through West HoldCo. The general partner of SLP West Holdings IV, L.P. is SLP West GP Holdings, L.L.C. The managing member of SLP West GP Holdings, L.L.C. is SLTA IV GP.

Footnote F16

SLG is the managing member of SLTA III GP, SLTA IV GP, SLTA VI GP, SLTA SPV GP and SLP Co-Invest GP. Egon Durban is a director of the Issuer and is a Co-CEO and Managing Member of SLG. Following the internal reorganization described herein, West HoldCo holds (i) 495,494 shares of Class A common stock and (ii) 82,138,074 limited liability company units of Endeavor Operating Company, LLC and an equal number of paired shares of Class X common stock of the Issuer and an equal number of shares of Class Y common stock, and West HoldCo II holds 91,480,988 shares of Class A common stock and 87,254,147 shares of Class Y common stock.

Footnote F17

Shares of Class Y common stock of the Issuer have no economic rights and each share of Class Y common stock entitles its holder to 20 votes per share. Each share of Class Y common stock will be automatically canceled/redeemed upon the occurrence of certain transfers of Class A common stock or limited liability company units of Endeavor Operating Company, LLC or Class A common stock received upon exchange of such units and upon certain other events.

Footnote F18

Units of Endeavor Operating Company represent limited liability company units of Endeavor Operating Company, LLC and an equal number of paired shares of Class X common stock of the Issuer, which, pursuant to the limited liability company agreement of Endeavor Operating Company, LLC, are together exchangeable by the holder on a one-for-one basis for, at the option of the Issuer (i) a share of Class A Common Stock, subject to conversion rate adjustments for stock splits, stock dividends, reclassification and other similar transactions or (ii) subject to certain conditions, an equivalent amount of cash. Shares of Class X common stock of the Issuer have no economic rights and each share of Class X common stock entitles its holder to 1 vote per share.