Form 4: Endeavor Group Holdings CEO Reports Transaction Involving Common Units and Stock Cancellation

Ariel Emanuel, CEO of Endeavor Group Holdings, reports a transaction involving the redemption of common units and cancellation of Class X and Class Y common stock, with no direct sale of Class A Common Stock by the reporting person.

Summary

• On July 29, 2024, Ariel Emanuel, CEO of Endeavor Group Holdings, reported a transaction involving the redemption of common units issued by Endeavor Executive PIU Holdco, LLC.
• This transaction resulted in the cancellation of 20,832 shares each of Class X and Class Y Common Stock for no consideration.
• The cancellation was due to the exchange of 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 as part of this transaction.
• Emanuel indirectly owns 27,723,722 shares each of Class X and Class Y Common Stock through Endeavor Executive Holdco, LLC, Endeavor Executive PIU Holdco, LLC, and Endeavor Executive II Holdco, LLC.
• He also indirectly owns 24,450,221 Endeavor Operating Company Units.
• Emanuel directly owns 10,153,217 shares each of Class X and Class Y Common Stock and 4,193,328 Endeavor Operating Company Units.
• OpCo Units are exchangeable on a 1-for-1 basis for either a share of Class A Common Stock or an equivalent amount of cash, at the Issuer's option.

Sentiment

Score: 5

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

Industry Context

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

Key Dates