BATRA EVP exercised 20,000 options at $27.18 and sold same day
Rhea-AI Filing Summary
Atlanta Braves Holdings insider Jill L. Robinson, who is listed as EVP, CFO & Treasurer, executed two related transactions on 10/01/2025. She exercised a stock option to acquire 20,000 Series C common shares at an exercise price of $27.18, and on the same day sold 20,000 Series C common shares under a Rule 10b5-1 sales plan adopted May 15, 2025, at a weighted-average sale price of $40.998 (reported range $40.81–$41.18. After the transactions the filings show 68,755 Series C shares owned directly and 130,263 total Series C shares beneficially owned as reported in the derivative table.
Positive
- 20,000 Series C shares were acquired by exercise at a $27.18 strike price
- Sale executed under a documented Rule 10b5-1 sales plan adopted May 15, 2025
Negative
- 20,000 Series C shares were sold on 10/01/2025 at a weighted-average price of $40.998
- Post-transaction direct ownership of Series C shares decreased to 68,755
Insights
TL;DR: Executive exercised options and sold an identical number of shares under a 10b5-1 plan on 10/01/2025.
Jill L. Robinson exercised a stock option to buy 20,000 Series C shares at $27.18 and sold 20,000 Series C shares the same day under a Rule 10b5-1 plan at a weighted-average price of $40.998. The filing explicitly states the sales were effected pursuant to the 10b5-1 plan adopted on May 15, 2025.
Because these actions are disclosed on Form 4 and tied to a pre-arranged plan, they are routine insider-disclosure activity recorded per Section 16; the filing does not state any additional context, intent, or material nonpublic information.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock option (Right to Buy) - BATRK | 20,000 | $0.00 | -- |
| Exercise | Series C Common Stock | 20,000 | $27.18 | $544K |
| Sale | Series C Common Stock | 20,000 | $40.998 | $820K |
Footnotes (2)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 sales plan adopted by the reporting person on May 15, 2025.
- F2. Reflects the weighted average sale price. The range of prices for such transaction is $40.81 to $41.18. Upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided.
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