Atlanta Braves Holdings (BATRA) CFO exercises options, sells 60,000 shares

Rhea-AI Filing Summary

Atlanta Braves Holdings, Inc. executive Jill L. Robinson, EVP, CFO & Treasurer, exercised options for 60,000 shares of Series C Common Stock at a stated exercise price of $0.0000 per share and acquired the underlying stock at $27.1800 per share. She then sold 60,000 Series C shares on the same day at $42.0000 per share in an open-market transaction.

After these transactions, she directly owned 79,460 Series C Common shares and 30,263 stock options. The sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on May 15, 2025.

Insider Trade Summary

Net Seller: 60,000 shares ($2,520,000)

Net Sell 3 txns

Insider Robinson Jill L.

Role EVP, CFO & Treasurer

Sold 60,000 shs ($2.52M)

Type	Security	Shares	Price	Value
Exercise	Stock option (Right to Buy) - BATRK	60,000	$0.00	--
Exercise	Series C Common Stock	60,000	$27.18	$1.63M
Sale	Series C Common Stock	60,000	$42.00	$2.52M

Holdings After Transaction: Stock option (Right to Buy) - BATRK — 30,263 shares (Direct); Series C Common Stock — 139,460 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Robinson Jill L.

(Last) (First) (Middle)

C/O ATLANTA BRAVES HOLDINGS, INC.

755 BATTERY AVENUE SE

(Street)

ATLANTA GA 30339

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Atlanta Braves Holdings, Inc. [ BATRK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CFO & Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Series C Common Stock	02/13/2026		M		60,000	A	$27.18	139,460	D
Series C Common Stock	02/13/2026		S(1)		60,000	D	$42	79,460	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock option (Right to Buy) - BATRK	$27.18	02/13/2026		M			60,000	12/10/2023	12/10/2027	Series C Common Stock	60,000	$0	30,263	D

Explanation of Responses:

1. 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.

	/s/ Greg Heller, Attorney-in-Fact	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Atlanta Braves Holdings (BATRA) CFO report in this Form 4?

The CFO reported exercising stock options for 60,000 Series C Common shares and selling 60,000 shares at $42.0000 each. These moves converted options into stock and then into cash while updating her remaining holdings.

How many Atlanta Braves Holdings (BATRA) shares does the CFO own after these transactions?

After the transactions, the CFO directly owned 79,460 Series C Common shares and 30,263 stock options. These figures reflect her updated equity stake following the option exercise and same-day open-market sale of 60,000 shares.

At what prices did the Atlanta Braves Holdings (BATRA) CFO exercise and sell shares?

She exercised options with a stated exercise price of $0.0000 and acquired Series C Common Stock at $27.1800 per share, then sold 60,000 shares at $42.0000. This sequence reflects an option exercise followed by an open-market sale.

Was the Atlanta Braves Holdings (BATRA) CFO sale under a Rule 10b5-1 plan?

Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted on May 15, 2025. Such plans allow pre-arranged trades, helping separate personal transactions from day-to-day market developments.

What do the Form 4 transaction codes M and S mean for Atlanta Braves (BATRA)?

Code M indicates the exercise or conversion of a derivative security, here stock options into Series C Common shares. Code S reflects a sale in the open market or a private transaction, which in this case was selling 60,000 Series C shares.

Is the Atlanta Braves Holdings (BATRA) CFO’s ownership reported as direct or indirect?

The transactions and resulting ownership are reported as direct, labeled with code “D.” This means the shares and options are held directly by the reporting person, not through a separate entity, trust, or family investment vehicle.