Khan Nick 4

What Happened
Nick Khan, a director of TKO Group Holdings, sold a total of 9,518 shares in multiple open‑market transactions on January 22, 2026. The six reported lots were sold at weighted-average prices between $199.33 and $204.91, producing aggregate proceeds of approximately $1,916,048. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Khan on March 7, 2025. As these were sales (not purchases), they are typically routine dispositions rather than an explicit bullish signal.

Key Details

• Transaction date: January 22, 2026 (filed Jan 26, 2026 — filing appears timely).
• Total shares sold: 9,518; total proceeds: $1,916,048 (approx.).
• Breakdown by lot:
  • 1,100 shares @ weighted avg $199.33 (proceeds $219,263); prices in range $198.72–$199.66 (F2).
  • 2,118 shares @ weighted avg $200.23 (proceeds $424,087); range $199.73–$200.69 (F3).
  • 3,500 shares @ weighted avg $201.38 (proceeds $704,830); range $200.90–$201.77 (F4).
  • 2,000 shares @ weighted avg $202.41 (proceeds $404,820); range $201.92–$202.89 (F5).
  • 500 shares @ weighted avg $203.15 (proceeds $101,575); range $202.92–$203.57 (F6).
  • 300 shares @ weighted avg $204.91 (proceeds $61,473); range $204.72–$205.01 (F7).
• Transaction code: S = Sale.
• Notable footnotes: sales were made under a Rule 10b5-1 plan adopted March 7, 2025; each weighted average price reflects multiple trades at the ranges noted above.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
10b5-1 trading plans allow insiders to execute pre‑arranged trades and are commonly used to avoid allegations of trading on material nonpublic information; such sales are often routine and do not necessarily reflect the insider’s current view of the company. This Form 4 reports open‑market sales by a director (not a 10% owner change or derivative exercise).