Form 4: TKO Group Holdings Executive Mark Shapiro Sells Shares to Cover Tax Obligations

Mark Shapiro, President and COO of TKO Group Holdings, sold shares of Class A Common Stock on September 16, 2024, to cover tax obligations related to vested equity awards.

Summary

• Mark Shapiro, President and COO of TKO Group Holdings, sold 31,026 shares of Class A Common Stock on September 16, 2024.
• The sale was executed at a weighted average price of $114.76 per share.
• This transaction was made pursuant to a Rule 10b5-1 trading plan established on November 14, 2023, to satisfy tax withholding obligations upon the vesting of previously granted equity awards.
• Following the transaction, Shapiro directly owns 42,156 shares of Class A Common Stock.
• Additionally, Shapiro exercised 60,651 Restricted Stock Units (RSUs) on September 12, 2024, each representing a contingent right to receive one share of Class A common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transaction appears to be a routine sale for tax purposes under a pre-existing plan, with no indication of negative sentiment towards the company's prospects.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating it was planned well in advance and not based on immediate market conditions.

Industry Context

Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market sentiment.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the pre-planned nature of the sale mitigates this concern.

Key Dates