Form 4: Endeavor Group Holdings Executive Chairman Whitesell Reports Changes in Beneficial Ownership

Patrick Whitesell, Executive Chairman 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

• Patrick Whitesell, Executive Chairman of Endeavor Group Holdings, filed a Form 4 detailing changes in his beneficial ownership.
• The reported transactions involve the redemption of common units issued by Endeavor Executive Holdco, LLC.
• This resulted in the cancellation of 4,200 Class X and 4,200 Class Y common stock shares on April 26, 2024, and 300 Class X and 300 Class Y common stock shares on April 29, 2024.
• These cancellations occurred upon the exchange of an equal number of limited liability company units of Endeavor Operating Company, LLC ('OpCo Units').
• Whitesell's indirect beneficial ownership following these transactions includes 28,390,180 shares of both Class X and Class Y common stock.
• He also indirectly owns 25,116,679 Endeavor Operating Company Units, which are exchangeable for Class A Common Stock or cash.
• The transactions did not involve a sale of Class A Common Stock by Whitesell or any other executive officer or director of Endeavor.
• Whitesell also directly owns 8,928,168 shares of Class X Common Stock and 2,968,279 Endeavor Operating Company Units.

Sentiment

Score: 5

Explanation: This is a neutral filing of a routine transaction. It doesn't inherently indicate positive or negative sentiment, but rather provides information about changes in ownership.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in Whitesell's holdings due to unit redemptions, which is a common mechanism for managing equity within companies like Endeavor.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in the number of outstanding shares, but the overall impact is likely minimal.

Key Dates