Vincent K. McMahon - 05 Mar 2024 Form 4 Insider Report for TKO Group Holdings, Inc. (TKO)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
28 Mar 2024, 17:52:04 UTC
Prior SEC filing
14 Nov 2023
Next SEC filing
08 Mar 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Vincent K. McMahon

Key filing fact

Vincent K. McMahon filed Form 4 for TKO Group Holdings, Inc. (TKO) on 28 Mar 2024.

Key facts

  • This page summarizes Vincent K. McMahon's Form 4 filing for TKO Group Holdings, Inc. (TKO).
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 28 Mar 2024, 17:52.

Change

  • Previous filing in this sequence was filed on 14 Nov 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.

TKO transaction

Class A Common Stock

Other

Transaction value
Shares
-3,484,006
Change %
-23%
Price
Shares after
11,518,099
Date
05 Mar 2024
Ownership
Direct
Footnotes
F1, F2

Reported derivative securities

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

TKO transaction Derivative

Forward Sale Contract (obligation to sell)

Other

Transaction value
Shares
-3,484,006
Change %
-100%
Price
Shares after
0
Date
05 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,484,006
Exercise price
Footnotes
F3, F4
* 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

In the Form 3, filed with the U.S. Securities and Exchange Commission on September 12, 2023, the Reporting Person included the 3,484,006 shares of the Issuer's Class A common stock subject to the Agreement (as defined below) in both his Table I and Table II totals. This adjustment is to reflect the erroneous inclusions of such shares in Table I.

Footnote F2

Excludes 100 shares of the Issuer's Class A common stock owned individually by the Reporting Person's wife, Linda McMahon. The Reporting Person disclaims beneficial ownership of those shares.

Footnote F3

On March 24, 2020, the Reporting Person entered into a variable prepaid forward sale agreement (the "Agreement") with an unaffiliated bank (the "Bank") relating to 3,484,006 shares of the Issuer's Class A common stock and obligating the Reporting Person to deliver to the Bank up to 3,484,006 shares of the Issuer's Class A common stock (or, at the Reporting Person's election, under certain circumstances, an equivalent amount of cash) to settle the Agreement. On March 1, 2024, the Reporting Person and the Bank amended the Agreement to provide that the Agreement would be fully settled by the Reporting Person's delivery of 3,484,006 shares of the Issuer's Class A common stock to the Bank.

Footnote F4

(Continued from footnote 3) The physical settlement contemplated by the Agreement were divided into 15 components, each of the first 14 of which were with respect to 232,267 shares of the Issuer's Class A common stock and the last of which was with respect to 232,268 shares of the Issuer's Class A common stock, and took place on each weekday between March 5, 2024 and March 25, 2024. Upon such physical settlement, the Reporting Person received, in the aggregate, approximately $100 million from the Bank.

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