Nick Khan - 12 Sep 2023 Form 4 Insider Report for WORLD WRESTLING ENTERTAINMENT, LLC

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
12 Sep 2023, 16:51:28 UTC
Prior SEC filing
21 Jul 2023
Next SEC filing
24 Nov 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Nick Khan

Key filing fact

Nick Khan filed Form 4 for WORLD WRESTLING ENTERTAINMENT, LLC on 12 Sep 2023.

Key facts

  • This page summarizes Nick Khan's Form 4 filing for WORLD WRESTLING ENTERTAINMENT, LLC.
  • 3 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 12 Sep 2023, 16:51.

Change

  • Previous filing in this sequence was filed on 21 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.

WWE transaction

Class A Common Stock

Award

Transaction value
Shares
+38,926
Change %
+20%
Price
Shares after
234,424
Date
12 Sep 2023
Ownership
Direct
Footnotes
F1, F4
WWE transaction

Class A Common Stock

Disposed to Issuer

Transaction value
Shares
-53,894
Change %
-23%
Price
Shares after
180,530
Date
12 Sep 2023
Ownership
Direct
Footnotes
F2
WWE transaction

Class A Common Stock

Disposed to Issuer

Transaction value
Shares
-180,530
Change %
-100%
Price
Shares after
0
Date
12 Sep 2023
Ownership
Direct
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Nick Khan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

In connection with the closing of the transactions under the Transaction Agreement, dated as of April 2, 2023 (the "Transaction Agreement"), among World Wrestling Entertainment, LLC (f/k/a World Wrestling Entertainment, Inc., "WWE"), Endeavor Group Holdings, Inc., Endeavor Operating Company, LLC, TKO Operating Company, LLC (f/k/a Zuffa Parent, LLC), TKO Group Holdings, Inc. (f/k/a New Whale Inc., "TKO") and Whale Merger Sub Inc., WWE performance stock units ("PSUs"), which were granted in February 2023, subject to financial and/or operational performance goals, were equitably adjusted into time-based WWE restricted stock units ("RSUs") at target level, subject to vesting over three years. Each WWE RSU reflects the right to receive one share of WWE Class A common stock following vesting.

Footnote F2

Pursuant to the Transaction Agreement, each share of WWE Class A common stock was converted into the right to receive one share of TKO Class A common stock.

Footnote F3

Pursuant to the Transaction Agreement, each outstanding award of WWE RSUs was converted into an award of TKO's RSUs, on the same terms and conditions as were applicable under the original WWE RSUs immediately prior to the effective time of the conversion (including any provisions for acceleration) on a one-to-one basis.

Footnote F4

Also includes shares acquired under the Company's ESPP and/or dividend accruals, all of which are exempt under Section 16.

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. Manage preferences to update or revoke optional consent for future visits. For more information, see our Privacy Policy .