Form 4: TKO Group Holdings CEO Increases Indirect Share Holdings Through Endeavor Operating Company

TKO Group Holdings CEO, Ariel Emanuel, indirectly increased his holdings of Class A Common Stock through purchases made by Endeavor Operating Company, LLC, under a pre-arranged trading plan.

Summary

• Ariel Emanuel, CEO of TKO Group Holdings, has indirectly increased his holdings of Class A Common Stock.
• The purchases were made by Endeavor Operating Company, LLC (EOC) under a Rule 10b5-1 trading plan.
• The trading plan was adopted on December 17, 2024, and expires on or before March 31, 2025.
• Between January 23, 2025 and January 27, 2025, EOC purchased a total of 282,789 shares of Class A Common Stock.
• The purchases were made at various weighted average prices ranging from $147.87 to $153.96 per share.
• Emanuel disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
• Emanuel also indirectly holds 1,825,030 shares through WME IMG, LLC and directly holds 66,179 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction with no negative implications. The CEO's indirect purchase of shares could be seen as a positive sign, but it's not a major event.

Positives

• The CEO's indirect purchase of shares may signal confidence in the company's future performance.
• The use of a pre-arranged trading plan suggests a structured and transparent approach to share purchases.

Risks

• The document does not indicate any specific risks associated with the share purchases.
• The CEO's indirect ownership could be perceived as a potential conflict of interest, although this is mitigated by the use of a pre-arranged trading plan.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Management Comments

• Mr. Emanuel disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. The use of a 10b5-1 trading plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a Rule 10b5-1 trading plan is a common practice among executives at publicly traded companies, such as those at comparable companies like World Wrestling Entertainment (WWE) and other entertainment and media conglomerates.
• The reported transactions are consistent with standard SEC Form 4 filings for changes in beneficial ownership.
• The level of detail provided, including weighted average prices and price ranges, is typical for these types of filings.

Related Party Transactions

• The purchases were made by Endeavor Operating Company, LLC, which is related to the CEO through Endeavor Group Holdings, Inc.

Stakeholder Impact

• The share purchases may have a minor positive impact on shareholder confidence.
• The transactions do not appear to have any direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

TKO Group Holdings, Ariel Emanuel, Endeavor Operating Company, Class A Common Stock, Rule 10b5-1, share purchase, insider trading, beneficial ownership