TKO Group Holdings, Inc. 8-K

What Happened

• TKO Group Holdings, Inc. announced on May 11, 2026 that it entered into a new Rule 10b5-1 trading plan (the "10b5-1 Plan") that supersedes, amends and replaces its prior 10b5-1 plan.
• The 10b5-1 Plan authorizes repurchases of Class A common stock to commence on May 14, 2026. The terms of the new plan are otherwise identical to the prior plan.
• The company previously entered an accelerated share repurchase (ASR) agreement on March 10, 2026 to repurchase $800.0 million of Class A common stock.

Key Details

• Date of new plan filing: May 11, 2026.
• Repurchases under the 10b5-1 Plan authorized to begin: May 14, 2026.
• Size of 10b5-1 Plan authorizations: up to $200.0 million (same as the prior plan).
• Related prior action: $800.0 million ASR entered March 10, 2026.

Why It Matters

• The filing formalizes the start date for TKO’s planned $200M of rule-based share buybacks, which—together with the $800M ASR announced earlier—represent up to $1.0 billion of repurchase activity disclosed by the company.
• For investors, buyback programs can reduce shares outstanding and may support per-share metrics; the 10b5-1 structure allows scheduled repurchases even when company insiders are otherwise limited from trading.
• The 8-K also includes standard forward-looking statement disclosures noting that timing, amounts and execution of repurchases are subject to risks and may change.