Genius Sports Limited has completed its acquisition of Legend, a global digital sports and gaming media network whose properties, including Covers.com, Casino.org and Casino Guru, generated 320 million annual visits from 118 million unique visitors in 2025. Management expects the deal to be immediately accretive to Group Adjusted EBITDA margins and free cash flow conversion.
To support the transaction and broader liquidity, Genius arranged a new $825 million senior secured term loan and a $220 million senior secured revolving credit facility maturing on April 30, 2031. Term loans currently carry margins of 3.50% over Term SOFR and 2.50% over ABR, with step-downs tied to leverage. Sellers are subject to a six‑month lock‑up on any Genius shares received as consideration, helping stage potential stock sales post‑closing.
Genius Sports Ltd Chief Commercial Officer Jack Davison exercised 75,000 restricted share units into Ordinary Shares on March 20, 2026. These units represented the right to receive one Ordinary Share each, contingent on continued service through the vesting date. Of the resulting shares, 35,250 Ordinary Shares were withheld at $4.53 per share to cover tax obligations. After these transactions, Davison directly owned 2,029,706 Ordinary Shares, reflecting a routine compensation-related exercise and tax withholding rather than an open-market trade.
Genius Sports Ltd Chief Executive Officer Mark Locke exercised restricted share units into ordinary shares and had shares withheld for taxes. He converted 120,000 restricted share units, each representing one ordinary share, into 120,000 ordinary shares. To cover tax obligations, 7,800 ordinary shares were withheld at a price of $4.53 per share. After these compensation-related transactions, he directly holds 20,175,216 ordinary shares. The filing characterizes the RSUs as contingent rights that vest based on continued service, and the tax withholding is not an open-market sale.
Genius Sports Ltd Chief Legal Officer Russell Thomas exercised 35,000 Restricted Share Units into Ordinary Shares on March 20, 2026. These RSUs represented the right to receive one Ordinary Share each, subject to continued service through the vesting date.
To cover tax obligations, 16,450 Ordinary Shares were disposed of by share withholding at $4.53 per share. After these compensation-related transactions, Thomas holds 521,467 Ordinary Shares directly, reflecting a net increase in his equity position in the company.
Genius Sports Ltd Chief Financial Officer Bryan Castellani filed an initial ownership report showing equity-based holdings in the company. He holds restricted share units (RSUs) that are contingently convertible into 505,902 and 153,847 Ordinary Shares, plus 12,500 Ordinary Shares held directly. Each RSU represents the right to receive one Ordinary Share, subject to his continued service through vesting dates. One RSU grant from December 17, 2025 vests in tranches of 151,771, 168,634 and 185,497 shares on October 1 of 2026, 2027 and 2028, respectively. A separate RSU grant from March 17, 2026 vests in three equal annual installments on March 17 of 2027, 2028 and 2029.
Genius Sports Ltd Chief Commercial Officer Jack Davison filed an initial ownership report on Form 3. He directly holds 1,989,956 Ordinary Shares and several blocks of restricted share units that each represent the right to receive one Ordinary Share, subject to continued service. The RSU awards cover 32,098, 43,948, 75,000 and 113,248 underlying Ordinary Shares with vesting dates spanning March 20, 2026, January 1, 2027, January 1, 2028 and March 17 of 2027–2029.
Genius Sports Ltd chief executive Mark Locke has filed an initial Form 3 showing his equity stake in the company. He directly holds 20,063,016 Ordinary Shares. In addition, he reports several restricted share unit (RSU) awards, each representing the right to receive one Ordinary Share if service-based vesting conditions are met.
The RSU positions cover 87,512 underlying Ordinary Shares granted on April 3, 2024 that vest on January 1, 2027; 197,347 underlying shares granted on April 10, 2025 that vest in two equal annual installments on January 1, 2027 and January 1, 2028; 120,000 underlying shares granted on May 13, 2025 that vest on March 20, 2026; and 508,548 underlying shares granted on March 17, 2026 that vest in three equal annual installments on March 17 of 2027, 2028 and 2029.
Genius Sports Ltd director Kenneth J. Kay reported his initial holdings as an insider. He holds 131,281 Ordinary Shares directly, plus 28,701 Restricted Share Units that each represent the right to receive one Ordinary Share. These RSUs were granted on December 11, 2025 and vest one year from that grant date.
Genius Sports Ltd director Daniel Paul Burns has filed an initial ownership report detailing his equity stake in the company. The filing shows direct ownership of 149,306 Ordinary Shares and indirect ownership of 23,380 Ordinary Shares held by Carbon Group Limited, a company wholly owned by him and his spouse, with beneficial ownership disclaimed except for his pecuniary interest.
In addition, he holds Restricted Share Units representing 18,630 underlying Ordinary Shares. These RSUs were granted on December 11, 2025 and vest one year from the grant date, subject to his continued service through the applicable vesting date. The filing does not report any new purchases or sales, only existing holdings.
Genius Sports Ltd director Robert J. Bach filed a Form 3 reporting his equity stake in the company. He holds 61,922 Ordinary Shares directly and 18,630 Restricted Share Units, each RSU representing a contingent right to one Ordinary Share.
The RSUs were granted on December 11, 2025 and vest one year from that grant date, subject to his continued service with the company through the applicable vesting date.