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, with no sale of Class A Common Stock involved.

Summary

• On May 2, 2024, Patrick Whitesell, the Executive Chairman of Endeavor Group Holdings, Inc., reported a transaction on SEC Form 4.
• The transaction involved the redemption of common units issued by Endeavor Executive Holdco, LLC.
• This redemption resulted in the cancellation of 6,408 shares each of Class X and Class Y Common Stock.
• The reporting person did not sell any Class A Common Stock.
• Whitesell indirectly owns 27,994,358 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 directly owns 8,928,168 shares each of Class X and Class Y Common Stock.
• The transaction also involved the distribution of 6,408 OpCo Units of Endeavor Operating Company, LLC to the equityholder in redemption of corresponding equity interests that such person held in Endeavor Executive Holdco, LLC.
• Whitesell indirectly owns 24,720,857 Endeavor Operating Company Units.
• He also directly owns 2,968,279 Endeavor Operating Company Units.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure of transactions by a company executive, providing transparency to investors regarding changes in beneficial ownership. It is standard practice for publicly traded companies.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding changes in the executive chairman's holdings.
• The transaction does not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates