Form 4: Endeavor Group Holdings Executive Chairman Whitesell Reports Transaction Involving Common Units

Patrick Whitesell, Executive Chairman of Endeavor Group Holdings, reports a transaction involving the redemption of common units and cancellation of Class X and Class Y common stock.

Summary

• On June 28, 2024, Patrick Whitesell, Executive Chairman of Endeavor Group Holdings, reported a transaction involving 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 for no consideration.
• These shares were cancelled upon the exchange of an equal number of limited liability company units of Endeavor Operating Company, LLC ('OpCo Units').
• Whitesell indirectly owns 27,744,554 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 24,471,053 Endeavor Operating Company Units through these entities.
• Whitesell directly owns 8,928,168 shares each of Class X and Class Y Common Stock and 2,968,279 Endeavor Operating Company Units.
• The OpCo Units are exchangeable on a 1-for-1 basis for either Class A Common Stock or an equivalent amount of cash, at the Issuer's option.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in the number of outstanding shares, but it does not involve a sale of Class A Common Stock.

Key Dates