Form 4: Patrick Whitesell Reports Changes in Beneficial Ownership of Endeavor Group Holdings, Inc. Following Merger

Patrick Whitesell, Executive Chairman of Endeavor Group Holdings, Inc., reports changes in beneficial ownership following the completion of a merger, including the cancellation of Class A common stock for $27.50 per share.

Summary

• Patrick Whitesell, Executive Chairman of Endeavor Group Holdings, Inc. (EDR), filed a Form 4 detailing changes in his beneficial ownership.
• The filing is related to the completion of a merger on March 24, 2025, where Endeavor Manager, LLC, Endeavor Operating Company, LLC (OpCo), and other entities were involved.
• As a result of the merger, each share of EDR's Class A common stock was cancelled and converted into the right to receive $27.50 in cash.
• Whitesell transferred 72,797 shares of Class A Common Stock to The Patrick Whitesell Revocable Trust.
• He also exchanged 595,288 limited liability company units of Executive Holdco for OpCo Units on a 1-for-1 basis.
• Additionally, transfers of 98,724 limited liability company units of Executive Holdco were made to each of The ELW Irrevocable Trust, The SCW Irrevocable Trust and The EVW Irrevocable Trust.
• OpCo Units were cancelled and converted into the right to receive $27.50 in cash.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a merger. It doesn't inherently convey positive or negative sentiment, but rather reports factual changes in ownership.

Industry Context

Form 4 filings are standard practice when corporate insiders such as Patrick Whitesell have transactions in their company's stock. This filing is a result of the merger of Endeavor Group Holdings.

Stakeholder Impact

• Shareholders received $27.50 per share for their Class A common stock as part of the merger agreement.

Key Dates

Keywords

Endeavor Group Holdings, Patrick Whitesell, beneficial ownership, merger, Class A common stock, OpCo Units, Executive Holdco, Form 4