Form 4: Endeavor Group Holdings CEO Ariel Emanuel Reports Transaction Involving Redemption of Common Units

Ariel Emanuel, CEO of Endeavor Group Holdings, reports a transaction involving the redemption of common units, resulting in adjustments to his holdings of Class X and Class Y common stock.

Summary

• On June 28, 2024, Ariel Emanuel, CEO of Endeavor Group Holdings, reported a transaction related to the redemption of common units issued by Endeavor Executive Holdco, LLC.
• This transaction involved the cancellation of 80,000 shares each of Class X and Class Y common stock.
• The cancellation was in exchange for an equal number of limited liability company units of Endeavor Operating Company, LLC ('OpCo Units').
• The reporting person did not sell any Class A Common Stock.
• Following the transaction, Emanuel indirectly beneficially owns 27,744,554 shares each of Class X and Class Y common stock.
• Emanuel also indirectly beneficially owns 24,471,053 OpCo Units, which are exchangeable for Class A Common Stock or cash.
• Additionally, Emanuel directly owns 10,153,217 shares each of Class X and Class Y common stock and 4,193,328 OpCo Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction related to executive equity. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and equity ownership, and it doesn't necessarily indicate a significant shift in the company's strategic direction or performance. These types of transactions are common for companies with complex ownership structures like Endeavor, which uses OpCo Units as part of its compensation strategy.

Key Dates