Form 4: Silver Lake West HoldCo, L.P. Reports Acquisition of 1,642,970 Shares of TKO Group Holdings, Inc.
SEC Form 4
Silver Lake West HoldCo, L.P. reports the acquisition of 1,642,970 shares of TKO Group Holdings, Inc. Class A Common Stock at $89.01 per share on April 9, 2024.
Summary
- On April 9, 2024, Silver Lake West HoldCo, L.P. acquired 1,642,970 shares of TKO Group Holdings, Inc. Class A Common Stock.
- The purchase price was $89.01 per share.
- The shares are indirectly beneficially owned by WME IMG, LLC, a subsidiary of Endeavor Group Holdings, Inc. (EGH).
- Silver Lake Equityholders have designated members of the governing body of EGH and may be deemed to share beneficial ownership.
- Egon Durban, managing member of Silver Lake West VoteCo, L.L.C., is a director of TKO Group Holdings, Inc. and Co-CEO and Managing Member of Silver Lake Group, L.LC.
- The reported transactions correspond to the acquisition by WME IMG, LLC of the Issuer's securities that were previously reported on Forms 4 filed by EGH, Patrick Whitesell and Ariel Emanuel on April 11, 2024.
- Investment funds managed by Silver Lake do not directly hold any equity securities of the Issuer.
- The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act.
- The Reporting Persons disclaim beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.
- Egon Durban has appointed Andrew Schader as attorney-in-fact to execute and deliver forms related to securities regulations.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It reflects a transaction but doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Positives
- The acquisition represents a significant investment in TKO Group Holdings, Inc.
Industry Context
This filing reflects activity by a major shareholder in TKO Group Holdings, Inc., which could be of interest to investors monitoring ownership changes and potential strategic moves within the company.
Stakeholder Impact
- The acquisition of shares by Silver Lake West HoldCo, L.P. could influence investor confidence and potentially impact the share price of TKO Group Holdings, Inc.
Key Dates
| Date | Description |
|---|---|
| 04/09/2024 | Date of the transaction: Acquisition of 1,642,970 shares of TKO Group Holdings, Inc. |
| 04/09/2024 | Date of Power of Attorney: Egon Durban appoints Andrew Schader as attorney-in-fact. |
| 04/11/2024 | Previous Forms 4 filed by EGH, Patrick Whitesell and Ariel Emanuel. |
| 10/01/2024 | Date of signature for Attorney-in-fact for Egon Durban. |
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