Form 4: Endeavor Group Holdings Executive Chairman Whitesell Reports Unit Redemption and Share Dispositions

Patrick Whitesell, Executive Chairman of Endeavor Group Holdings, reports the redemption of common units and associated disposition of Class X and Class Y common stock, with no sale of Class A Common Stock involved.

Summary

• Patrick Whitesell, Executive Chairman of Endeavor Group Holdings, filed a Form 4 detailing changes in beneficial ownership.
• The report covers transactions from June 5, 2024, to June 7, 2024.
• The transactions involve the redemption of common units issued by Endeavor Executive Holdco, LLC or Endeavor Executive PIU Holdco, LLC.
• As a result of these redemptions, shares of Class X and Class Y common stock were disposed of, with corresponding distributions of Endeavor Operating Company, LLC (OpCo) Units.
• No Class A Common Stock was sold by the Reporting Person.
• Whitesell's indirect ownership following the reported transactions includes 27,844,354 shares of Class X and Class Y Common Stock.
• Whitesell's indirect ownership following the reported transactions includes 24,551,053 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 regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions reported do not involve a sale of Class A Common Stock, so the impact on shareholders is likely minimal.

Key Dates