[Form 4] Atlanta Braves Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Atlanta Braves Holdings, Inc. (BATRA) reported insider share purchases by a company director. The reporting person bought 1,600 shares of Series A common stock on 11/13/2025 at a weighted average price of $41.993 and a further 18,787 shares on 11/14/2025 at a weighted average price of $41.97, both through open-market transactions. After these purchases, the reporting person directly beneficially owned 451,405 Series A shares and indirectly held 10,177 shares through the Leslie A. Malone 1995 Revocable Trust, for which beneficial ownership is disclaimed. The price ranges for the reported trades were $41.97 to $42.00 on 11/13/2025 and $41.88 to $42.00 on 11/14/2025.

Insights

Equity Ownership Analyst

Insider increased direct holdings through open-market purchases, modestly raising reported beneficial ownership in Atlanta Braves Holdings, Inc.

This Form 4 reports that a reporting person of Atlanta Braves Holdings, Inc. (BATRA), identified as a Director and 10% Owner, made two open-market purchases of Series A Common Stock. On 11/13/2025, the person acquired 1,600 shares at a weighted average price of about $41.993, and on 11/14/2025 acquired 18,787 shares at a weighted average price of about $41.97. These transactions increased the person’s directly held position to 451,405 shares.

The filing explains that each reported price is a weighted average for multiple same-direction trades executed within a one-dollar price range, with detailed trade breakdowns available upon request. It also shows an additional 10,177 shares held indirectly in the Leslie A. Malone 1995 Revocable Trust, for which the reporting person disclaims beneficial ownership. No derivative securities are reported in Table II, and there are no dispositions or option exercises in this filing.

The key item to watch is the higher level of reported direct ownership following these purchases, which may matter when tracking ownership concentration and future Section 16 reports. The transactions occurred on 11/13/2025 and 11/14/2025, and the form was signed on 11/17/2025, so any further changes in insider holdings would appear in subsequent Forms 4 filed after those dates.

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).

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^*

MALONE JOHN C

(Last) (First) (Middle)

12300 LIBERTY BOULEVARD

(Street)

ENGLEWOOD CO 80112

(City) (State) (Zip)

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

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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

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 A Common Stock	11/13/2025		P		1,600	A	$41.993(1)(2)	432,618	D
Series A Common Stock	11/14/2025		P		18,787	A	$41.97(1)(3)	451,405	D
Series A Common Stock								10,177	I	Leslie A. Malone 1995 Revocable Trust(4)

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

Explanation of Responses:

1. Reflects the weighted average purchase price. The reporting person effected multiple same-way open market purchase transactions on the same day at different prices through a trade order executed by a broker dealer. The reporting person reported on a single line all such transactions that occurred within a one-dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a shareholder of the issuer, full information regarding the number of shares purchased at each separate price.

2. The range of prices for such transaction is $41.97 to $42.00.

3. The range of prices for such transaction is $41.88 to $42.00.

4. The reporting person disclaims beneficial ownership of these shares.

	/s/ Hunter Knowles, Attorney-in-Fact	11/17/2025
	** 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.