Form 4: TKO Group Holdings CFO Andrew Schleimer Executes Stock Transactions

TKO Group Holdings' Chief Financial Officer, Andrew Schleimer, recently executed transactions involving the company's Class A common stock, including the vesting of restricted stock units and subsequent sale of shares.

Summary

• Andrew Schleimer, the Chief Financial Officer of TKO Group Holdings, engaged in stock transactions on January 20th and 21st, 2025.
• On January 20th, 5,833 restricted stock units (RSUs) vested, converting into 5,833 shares of Class A common stock.
• On January 21st, Mr. Schleimer sold 3,265 shares of Class A common stock at a weighted average price of $143.8 per share.
• These transactions were part of a pre-arranged plan under Rule 10b5-1, established on November 14, 2023, to cover tax obligations related to the vesting of equity awards.
• Following these transactions, Mr. Schleimer directly owns 9,563 shares of Class A common stock and 11,667 restricted stock units.

Sentiment

Score: 6

Explanation: The document reflects routine insider transactions under a pre-arranged plan, which is neither particularly positive nor negative. The sale of shares is a slight negative, but it is expected.

Positives

• The transactions were part of a pre-arranged trading plan, indicating no unexpected or opportunistic trading activity.
• The vesting of RSUs suggests that performance-based equity awards are being realized.

Negatives

• The sale of 3,265 shares, while part of a pre-arranged plan, could be interpreted as a slight reduction in the CFO's direct stake in the company.

Risks

• While the sale was pre-planned, large sales by executives can sometimes be perceived negatively by the market.
• The weighted average sale price of $143.8 may be a point of interest for investors.

Future Outlook

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

Management Comments

• The sale was effected pursuant to a Rule 10b5-1 instruction letter, entered into on November 14, 2023, to satisfy the Reporting Person's tax withholding obligation upon the vesting of previously granted equity awards.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of key personnel.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies, and the transactions reported here are typical for executives with equity compensation.
• The use of a Rule 10b5-1 trading plan is a common method for executives to manage their stock sales while avoiding accusations of insider trading. Many companies such as Apple, Microsoft, and Google have executives who use these plans.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, as the sale of shares by an executive could be perceived as a slight negative signal, although it was pre-planned.

Key Dates

Keywords

TKO Group Holdings, Andrew Schleimer, insider trading, Form 4, stock sale, restricted stock units, Rule 10b5-1, equity awards, CFO