Form 4: Endeavor Group Holdings CFO Jason Lublin Reports Stock Transactions

Jason Lublin, CFO of Endeavor Group Holdings, reports the acquisition and disposition of Class X and Class A Common Stock, as well as units of Executive Holdco and Endeavor Operating Company, pursuant to a pre-arranged trading plan.

Summary

• Jason Lublin, the Chief Financial Officer of Endeavor Group Holdings, filed a Form 4 detailing changes in beneficial ownership.
• On March 12, 2024, Lublin engaged in multiple transactions involving Class X Common Stock, Class A Common Stock, units of Endeavor Executive Holdco, and units of Endeavor Operating Company.
• These transactions included the acquisition and disposition of 20,832 shares of Class X Common Stock at $0, resulting in a final holding of 7,982 shares.
• Additionally, 20,832 shares of Class A Common Stock were acquired at $0 and 20,832 shares were sold at a weighted average price of $24.7109, leaving a final holding of 130,187 shares.
• The transactions were executed under a Rule 10b5-1 trading plan adopted on May 17, 2023.
• The transactions involved the exchange of common units issued by Endeavor Executive Holdco, LLC for an equal number of limited liability company units of Endeavor Operating Company, LLC ('OpCo Units') and paired shares of Class X Common Stock of the Issuer, and subsequently an exchange of such OpCo Units and shares of Class X Common Stock for an equal number of shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: Form 4 filings are neutral in sentiment as they simply report transactions. The transactions themselves are part of a pre-arranged plan.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates the CFO's trading activity in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-arranged nature of the trading plan suggests minimal surprise.

Key Dates