Form 4: Dwayne 'The Rock' Johnson Converts TKO Restricted Stock Units into Common Shares

Dwayne 'The Rock' Johnson, a director at TKO Group Holdings, Inc., converted 8,046 restricted stock units into Class A common stock on June 30, 2025, increasing his direct beneficial ownership of common shares.

Summary

• Dwayne D. Johnson, a director of TKO Group Holdings, Inc., acquired 8,046 shares of Class A Common Stock.
• This acquisition resulted from the conversion of 8,046 Restricted Stock Units (RSUs).
• The transaction occurred on June 30, 2025.
• Following this transaction, Johnson directly beneficially owns 337,952 shares of Class A Common Stock.
• He also directly beneficially owns 48,279 Restricted Stock Units.
• The RSUs were initially granted on January 23, 2024, totaling 193,115 units, with half vesting on December 31, 2024, and the remainder vesting in six substantially equal monthly installments through December 31, 2025.

Sentiment

Score: 7

Explanation: The document reports a routine insider transaction involving the conversion of equity compensation. This is generally a neutral to slightly positive event as it increases insider ownership, but it does not provide new information about the company's financial performance or strategic direction.

Positives

• The conversion of Restricted Stock Units into common stock increases Dwayne Johnson's direct ownership in TKO Group Holdings, Inc., aligning his interests more closely with those of shareholders.
• The transaction represents a routine exercise of previously granted equity compensation, indicating the ongoing execution of the company's compensation plan for its directors.

Risks

• The Restricted Stock Units are subject to potential acceleration or forfeiture in accordance with the terms of the Restricted Stock Unit Grant Notice and Award Agreement dated January 22, 2024.

Future Outlook

The remaining 48,279 Restricted Stock Units held by Dwayne Johnson are scheduled to vest in six substantially equal monthly installments through December 31, 2025.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the conversion of equity compensation (Restricted Stock Units) into common stock. Such transactions are common for directors and executives as part of their compensation packages and reflect the vesting schedules of previously granted awards.

Stakeholder Impact

• Shareholders: Dwayne Johnson's increased direct ownership of Class A Common Stock further aligns his interests with those of other shareholders.

Next Steps

• The remaining 48,279 Restricted Stock Units will continue to vest in substantially equal monthly installments through December 31, 2025.

Key Dates

Recommendation

Keywords

TKO Group Holdings, Dwayne Johnson, The Rock, SEC Form 4, insider transaction, stock ownership, restricted stock units, RSU conversion, Class A Common Stock, director