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 March 12, 2024, Patrick Whitesell, Executive Chairman of Endeavor Group Holdings, reported a transaction related to the redemption of common units issued by Endeavor Executive Holdco, LLC.
• The transaction involved the cancellation of 20,832 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').
• The reporting person indirectly owns 28,422,310 shares each of Class X and Class Y Common Stock.
• The reporting person indirectly owns 25,148,809 Endeavor Operating Company Units.
• 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 Class A Common Stock or an equivalent amount of cash, at the Issuer's option.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing reflects routine transactions related to equity compensation and unit redemptions, common in publicly traded companies with complex ownership structures like Endeavor.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves internal equity adjustments.

Key Dates