TKO Director Nick Khan Sells 14,794 Shares After RSU Vesting

What Happened

• Nick Khan, a director of TKO Group Holdings (TKO), had 14,794 restricted stock units (RSUs) vest and was credited with 14,794 shares on Aug 17, 2026 (conversion/exercise of derivative). He then sold all 14,794 shares in open-market transactions on Aug 18–19, 2026, generating total proceeds of about $2.91 million (weighted-average price ≈ $196.6).
• The sales were executed in multiple blocks (largest single-block sale: 8,248 shares on Aug 18 at $194.39 for $1,603,329). The remaining 6,546 shares were sold across several trades on Aug 19 at prices ranging roughly from $192.84 to $201.91.

Key Details

• Transaction dates: conversion/vesting on 2026-08-17; sales on 2026-08-18 and 2026-08-19.
• Shares converted/received: 14,794 RSU shares (each RSU = 1 share; per footnote F12/F13 these RSUs were granted Aug 17, 2025 and vested in two equal installments beginning Aug 17, 2026).
• Shares sold: all 14,794 shares in multiple open-market trades; total proceeds ≈ $2,908,679.
• Notable footnotes: sales were effected pursuant to a Rule 10b5-1 instruction to satisfy tax withholding upon vesting (F2) and/or a 10b5-1 trading plan (F4). Several sales list weighted-average prices with price ranges provided in footnotes (F5–F11). Beneficial ownership was adjusted to remove de minimis fractional shares (F1).
• Filing timeliness: Form 4 was filed on 2026-08-19 for transactions that occurred Aug 17–19, 2026; this appears to be a timely filing (no late-report flag indicated).

Context

• This is a routine sell-to-cover/tax-withholding event following RSU vesting rather than a straightforward open-market purchase or a discretionary sale for investment reasons. The insider converted vested RSUs (derivative settlement) and sold the resulting shares under pre-existing 10b5-1 arrangements, which are often used to automate tax or trading obligations. Such sales do not necessarily indicate a change in insider sentiment about the company.