Form 4: TKO Director Nick Khan Sells Shares Under 10b5-1 Plan

TKO Group Holdings Director Nick Khan sold 9,518 shares of Class A Common Stock for approximately $1.92 million under a pre-arranged 10b5-1 trading plan.

Summary

• Nick Khan, a Director of TKO Group Holdings, Inc., sold a total of 9,518 shares of the company's Class A Common Stock.
• The transactions occurred on January 22, 2026, and were executed at weighted average prices ranging from $199.33 to $204.91 per share.
• The total value of the shares sold is approximately $1,916,067.14.
• These sales were conducted pursuant to a Rule 10b5-1 trading plan that was adopted by Nick Khan on March 7, 2025.
• Following these reported transactions, Nick Khan beneficially owns 119,565.834 shares of TKO Group Holdings, Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: A score of 5 (neutral) is assigned because the sale was conducted under a pre-arranged 10b5-1 plan, which typically indicates a planned personal financial management decision rather than a reaction to new company-specific negative news. While insider selling can sometimes be viewed negatively, the planned nature mitigates significant concern.

Positives

• The sale was effected pursuant to a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction not based on new material non-public information, which can mitigate concerns about insider selling.

Negatives

• Insider selling, even when pre-planned, reduces a director's direct equity stake in the company, which can sometimes be perceived negatively by investors.

Risks

• No specific risks to the company were mentioned in this Form 4 filing.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction is a routine disclosure and does not provide specific insights into broader industry trends for the sports and entertainment sector in which TKO Group Holdings operates. It reflects an individual's portfolio management rather than a strategic company move.

Stakeholder Impact

• Shareholders may note the reduction in a director's direct equity stake, though the pre-planned nature of the sale under a 10b5-1 plan typically lessens concerns about its implications for company performance.

Key Dates

Keywords

TKO Group Holdings, TKO, Nick Khan, Insider Sale, Form 4, SEC Filing, Stock Transaction, 10b5-1 Plan, Director