Form 4: Ursula Burns Reports Beneficial Ownership Changes in Endeavor Group Holdings Following Merger

Ursula Burns, a director of Endeavor Group Holdings, reports changes in her beneficial ownership of Class A Common Stock and Restricted Stock Units following the merger described in the Agreement and Plan of Merger dated April 2, 2024.

Summary

• Ursula Burns, a director of Endeavor Group Holdings, filed a Form 4 detailing changes in her beneficial ownership.
• The changes are a result of the merger described in the Agreement and Plan of Merger dated April 2, 2024.
• As part of the merger, each share of Class A Common Stock was converted into the right to receive $27.50 in cash.
• Burns reported the disposition of 30,060 shares of Class A Common Stock.
• Her holdings of Class A Common Stock decreased to 0 shares.
• Restricted stock units held by Burns accelerated and vested in full as a result of the merger.
• 6,776 Restricted Stock Units were converted to Class A Common Stock.
• The transactions occurred on March 24, 2025.
• The filing was signed by Robert Hilton, Attorney-in-fact, on March 26, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a merger; it doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice when insiders of a publicly traded company have transactions in the company's stock, providing transparency to investors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Endeavor Group Holdings, Merger, Class A Common Stock, Restricted Stock Units, Ursula Burns, Director