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

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

• Patrick Whitesell, Executive Chairman of Endeavor Group Holdings, filed a Form 4 detailing changes in beneficial ownership.
• The report covers a transaction on July 29, 2024, involving the redemption of common units issued by Endeavor Executive PIU Holdco, LLC.
• This redemption resulted in the cancellation of 20,832 shares each of Class X and Class Y Common Stock for no consideration.
• The transaction did not involve a sale of Class A Common Stock by Whitesell or any executive officer or director of the Issuer, except for an executive officer who is not the Reporting Person.
• Whitesell's indirect ownership includes 27,723,722 shares each of Class X and Class Y Common Stock.
• Whitesell directly owns 8,928,168 shares each of Class X and Class Y Common Stock.
• The report also details Whitesell's indirect ownership of 24,450,221 Endeavor Operating Company Units, which are exchangeable for Class A Common Stock or cash.
• The filing was signed by Robert Hilton, Attorney-in-fact, on July 31, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing 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 is not expected to be significant.

Key Dates