Gabelli affiliates disclose minor 100-share sale of Atlanta Braves Series A stock

Rhea-AI Filing Summary

Atlanta Braves Holdings, Inc. (BATRK) – Form 4 insider activity

On 06/20/2025, entities affiliated with Mario J. Gabelli – including GAMCO Investors, Associated Capital Group, GGCP and several limited partnerships – filed a Form 4 reporting a sale of 100 Series A common shares at $48.12 through Limited Partnership III. The filing notes that disgorgement was paid to the issuer for this transaction.

Following the sale, the reporting group’s stated beneficial holdings comprise: 3,700 shares held indirectly by LP III; 27,152 shares owned directly by Mr. Gabelli; 12,000 shares by Associated Capital Group; 42,000 shares by GGCP; and an additional 50,300 shares held across four other limited partnerships (I, II, IV and V). The total reported amount equals approximately 135,152 Series A shares, though the group disclaims ownership in excess of its pecuniary interest.

No derivative securities were listed, and the group remains a 10 % owner. Given the very small size of the disposition relative to the overall stake, the transaction is viewed as routine portfolio management rather than a strategic signal. Market impact is expected to be negligible.

Insights

Financial Analyst

TL;DR – Minor 100-share sale; Gabelli affiliates still hold ~135 k shares, keeping 10 % status; neutral impact.

The Gabelli-controlled entities disclosed the sale of just 100 Series A shares at $48.12. With more than 135 k shares still reported, the divestiture represents less than 0.1 % of their position. No derivatives or follow-on trades were included, and all entities continue to be classified as 10 % owners. The required disgorgement payment suggests compliance housekeeping rather than a change in conviction. For investors, the filing neither alters float dynamics nor signals a shift in insider sentiment. I therefore classify the news as neutral and not materially impactful.

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^*

GAMCO INVESTORS, INC. ET AL

(Last) (First) (Middle)

ONE CORPORATE CENTER

(Street)

RYE NY 10580

(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)
06/20/2025

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

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

	Form filed by One Reporting Person
X	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	06/20/2025		S		100	D	$48.12(1)	3,700	I	By: Limited Partnership III(2)
Series A Common Stock								27,152	D(3)
Series A Common Stock								12,000	D(4)
Series A Common Stock								42,000	D(5)
Series A Common Stock								15,000	I	By: Limited Partnership I(2)
Series A Common Stock								12,500	I	By: Limited Partnership II(2)
Series A Common Stock								20,000	I	By: Limited Partnership IV(2)
Series A Common Stock								2,800	I	By: Limited Partnership V(2)

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

1. Name and Address of Reporting Person^*

GAMCO INVESTORS, INC. ET AL

(Last) (First) (Middle)

ONE CORPORATE CENTER

(Street)

RYE NY 10580

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Associated Capital Group, Inc.

(Last) (First) (Middle)

191 MASON STREET

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

GGCP, INC.

(Last) (First) (Middle)

189 MASON STREET

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

GABELLI MARIO J

(Last) (First) (Middle)

191 MASON STREET

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. Disgorgement was paid to the Issuer for a 6/20/2025 sale by a Limited Partnership pursuant to Section 16 which reflects the sale price and the Reporting Persons' pecuniary interest in the Limited Partnership.

2. GAMCO Investors, Inc. and Associated Capital Group, Inc. have less than a 100% interest in this entity; GGCP, Inc. has less than a 100% interest in GAMCO Investors, Inc. and Associated Capital Group, Inc.; and Mario J. Gabelli has less than a 100% interest in GGCP, Inc. The amount of securities reported as beneficially owned reflects the total amount of securities held by this entity which is greater that the Reporting Persons' indirect pecuniary interests. The Reporting Persons hereby disclaim ownership of these securities in excess of their pecuniary interests.

3. These shares are owned by Mario J. Gabelli.

4. These shares are owned by Associated Capital Group, Inc.

5. These shares are owned by GGCP, Inc.

	/s/ Douglas R. Jamieson, Attorney-In-Fact for MARIO J. GABELLI and GGCP INC.	06/23/2025
	/s/ Peter D. Goldstein, General Counsel for GAMCO INVESTORS, INC. and Chief Legal Officer for ASSOCIATED CAPITAL GROUP, INC.	06/23/2025
	** 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.
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FAQ

How many Atlanta Braves (BATRK) shares did the insider group sell on 06/20/2025?

The reporting persons sold 100 Series A common shares at $48.12 per share.

What is the remaining share ownership reported by the Gabelli entities?

After the transaction, the group lists 3,700 shares indirectly via LP III and a combined total of about 135,152 Series A shares across all accounts.

Does the filing affect the insiders’ 10 % owner status?

No. Despite the small sale, the reporting persons remain above the 10 % ownership threshold and are still classified as 10 % owners.

Were any derivative securities involved in this Form 4?

No derivative positions were reported in Table II; the filing covers only common-stock holdings.

Why was disgorgement mentioned in the explanation of responses?

Disgorgement was paid to the issuer because the 06/20/2025 sale required reimbursement under Section 16 due to the reporting persons’ insider status.