Form 4: Endeavor Group Holdings CEO Reports Changes in Beneficial Ownership

Ariel Emanuel, CEO of Endeavor Group Holdings, reports changes in beneficial ownership related to the redemption of common units and cancellation of Class X and Class Y common stock.

Summary

• A Form 4 filing reveals changes in the beneficial ownership of Endeavor Group Holdings, Inc. (EDR) by CEO Ariel Emanuel.
• The changes involve the redemption of common units issued by Endeavor Executive Holdco, LLC or Endeavor Executive PIU Holdco, LLC.
• This resulted in the cancellation of Class X and Class Y common stock.
• The reported transactions do 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).
• On June 5, 2024, 20,832 shares each of Class X and Class Y Common Stock were disposed of at $0.00.
• On June 6, 2024, 200 shares each of Class X and Class Y Common Stock were disposed of at $0.00.
• On June 7, 2024, 19,800 shares each of Class X and Class Y Common Stock were disposed of at $0.00.
• Following these transactions, Emanuel indirectly beneficially owns 27,824,554 shares each of Class X and Class Y Common Stock.
• Emanuel also indirectly beneficially owns 24,551,053 Endeavor Operating Company Units after the transactions.
• These OpCo Units are exchangeable on a 1-for-1 basis for Class A Common Stock or an equivalent amount of cash.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and potential future actions.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders, as they provide insight into the CEO's holdings and transactions.

Key Dates