Form 4: Endeavor Executive Holdco, LLC Reports Transaction Involving Class X and Class Y Common Stock

Endeavor Executive Holdco, LLC reports the redemption of common units, resulting in the cancellation of Class X and Class Y Common Stock, and distribution of OpCo Units, without a sale of Class A Common Stock.

Summary

• Endeavor Executive Holdco, LLC filed a Form 4 regarding changes in beneficial ownership of Endeavor Group Holdings, Inc. [EDR].
• The report details a transaction on April 9, 2024, involving the redemption of common units issued by Endeavor Executive Holdco, LLC and Endeavor Executive PIU Holdco, LLC.
• This redemption resulted in the cancellation of 20,832 shares each of Class X and Class Y Common Stock for no consideration.
• The transaction also involved the distribution of 20,832 OpCo Units of Endeavor Operating Company, LLC to an equityholder.
• Following the transaction, Endeavor Executive Holdco, LLC beneficially owns 28,401,478 shares each of Class X and Class Y Common Stock.
• The reporting person also beneficially owns 25,127,977 Endeavor Operating Company Units.
• The transactions did not involve a sale of Class A Common Stock by the Reporting Person or any executive officer or director of the Issuer (other than by an executive officer, who is not the Reporting Person, in connection with the redemption of their common units).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The document does not explicitly state any positives.

Negatives

• The document does not explicitly state any negatives.

Risks

• The document does not explicitly state any risks.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in the number of outstanding shares of Class X and Class Y Common Stock, but the overall impact is likely minimal as it does not involve a sale of Class A Common Stock.

Key Dates