Form 4: Endeavor Group Holdings Executive Fullerton Reports Disposition of Shares and Derivatives Following Merger

Global Controller and CAO William K. Fullerton reports the disposition of Class A Common Stock and derivative securities due to the merger of Endeavor Group Holdings, Inc. with Wildcat PubCo Merger Sub, Inc.

Summary

• William K. Fullerton, Global Controller and CAO of Endeavor Group Holdings, Inc. (EDR), filed a Form 4 detailing changes in beneficial ownership.
• The filing reports transactions occurring on March 24, 2025, related to the merger of Endeavor Group Holdings, Inc.
• As a result of the merger, Class A Common Stock was converted into the right to receive $27.50 in cash per share.
• Outstanding vested options to acquire Class A Common Stock were cancelled and converted into the right to receive cash equal to the difference between $27.50 and the exercise price of $24.00 per share.
• Remaining restricted stock units were also cancelled and converted into the right to receive $27.50 in cash per unit.
• Fullerton no longer reports beneficial ownership of 1,173 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports the execution of a previously announced merger agreement and the resulting transactions.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the merger.

Industry Context

This filing reflects the completion of a merger transaction, which is a common occurrence in the entertainment and media industry as companies seek to consolidate and achieve synergies.

Stakeholder Impact

• Shareholders received $27.50 per share in cash.
• Employees holding stock options and restricted stock units received cash payments based on the merger terms.

Key Dates

Keywords

Form 4, Beneficial Ownership, Endeavor Group Holdings, Merger, Class A Common Stock, Stock Options, Restricted Stock Units, Disposition, Fullerton, EDR