TKO CEO Emanuel Ariel Exercises RSUs, Withholds 49,481 Shares

What Happened Emanuel Ariel, CEO of TKO Group Holdings (TKO), had 97,041 restricted stock units (RSUs) convert to 97,041 shares on Sept 12, 2026 (reported as a derivative exercise/conversion, code M). To satisfy tax-withholding obligations, 49,481 of those shares were surrendered on Sept 14, 2026 at $190.31 per share (code F), producing proceeds of $9,416,729. The RSU conversion carried a $0.00 exercise price; net shares delivered to the insider after withholding were 47,560.

Key Details

• Transaction dates and actions: Sept 12, 2026 — conversion of 97,041 RSUs to shares (M); Sept 14, 2026 — 49,481 shares withheld/surrendered to cover taxes (F).
• Withholding price and value: 49,481 shares × $190.31 = $9,416,729.
• Net shares received: 97,041 − 49,481 = 47,560 shares retained by Ariel.
• Footnotes from the filing: F1 — shares withheld to satisfy tax withholding on vesting; F2 — each RSU equals one contingent share; F3 — the RSUs stem from a 388,162‑RSU grant on Sept 12, 2023 vesting in four equal annual installments (97,041 per installment).
• Filing: Form 4 filed Sept 15, 2026 reporting the Sept 12/14 transactions; the filing shows the transactions and withholding but does not state total post-transaction beneficial ownership in the excerpt provided.

Context This was a routine RSU vesting and tax-withholding event (conversion of vested RSUs and share surrender to cover taxes), not an open-market purchase or discretionary sale. Code M denotes conversion/exercise of a derivative (here, RSUs); code F denotes shares withheld to satisfy tax obligations. Such withholding is common on vesting and is primarily a tax-settlement action rather than a market-timing signal.