Sportradar Group AG (SRAD) CEO details dual-class share stake

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Sportradar Group AG filed a Form 3 showing Chief Executive Officer Carsten Koerl’s initial beneficial ownership in the company’s dual-class share structure. He directly holds Class A Ordinary Shares totaling 1,840,883 shares. The filing also shows direct holdings of Class B Ordinary Shares that are exchangeable into Class A shares.

Each 10 Class B Ordinary Shares are exchangeable for one Class A Ordinary Share, with standard adjustments for splits, dividends, and reclassifications. The Class B shares automatically convert into Class A upon specified events, including the occurrence of September 30, 2028, Koerl’s death, certain cause-based dismissal scenarios, or if his holdings drop below 15% of the company’s aggregate nominal share capital.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Koerl Carsten

Role Chief Executive Officer

Type	Security	Shares	Price	Value
holding	Class B Ordinary Shares	--	--	--
holding	Class A Ordinary Shares	--	--	--

Holdings After Transaction: Class B Ordinary Shares — 78,367,070 shares (Direct); Class A Ordinary Shares — 1,840,883 shares (Direct)

Footnotes (1)

The Reporting Person holds 783,670,701 Class B Ordinary Shares. Each 10 Class B Ordinary Shares are exchangeable for one Class A Ordinary Share, subject to customary conversion rate adjustments for share splits, share dividends and reclassifications. Holders of Class B Ordinary Shares are entitled to one vote per share. Class B Ordinary Shares will automatically convert into Class A Ordinary Shares upon certain mandatory conversion events, including (i) death of Carsten Koerl (the "Founder"); (ii) dismissal of the Founder as Chief Executive Officer for good cause, being any dismissal and/or replacement of the Chief Executive Officer pursuant to article 340c para. 2 of the Swiss Code of Obligations; (iii) the occurrence of September 30, 2028; or (iv) if the holder of Class B Ordinary Shares ceases to hold, directly or indirectly, shares with an aggregate nominal value representing 15% or more of the aggregate nominal value of the total issued and outstanding share capital of the Issuer, from time to time.

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03/18/2026 - 04:09 PM

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Koerl Carsten

(Last)

(First)

(Middle)

FELDLISTRASSE 2

(Street)

ST. GALLEN

CH-9000

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Sportradar Group AG [ SRAD ]

3a. Foreign Trading Symbol

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

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Shares	1,840,883	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B Ordinary Shares	⁽¹⁾⁽²⁾	⁽¹⁾⁽²⁾	Class A Ordinary Shares	78,367,070	⁽¹⁾⁽²⁾	D

Explanation of Responses:

1. The Reporting Person holds 783,670,701 Class B Ordinary Shares. Each 10 Class B Ordinary Shares are exchangeable for one Class A Ordinary Share, subject to customary conversion rate adjustments for share splits, share dividends and reclassifications. Holders of Class B Ordinary Shares are entitled to one vote per share.

2. Class B Ordinary Shares will automatically convert into Class A Ordinary Shares upon certain mandatory conversion events, including (i) death of Carsten Koerl (the "Founder"); (ii) dismissal of the Founder as Chief Executive Officer for good cause, being any dismissal and/or replacement of the Chief Executive Officer pursuant to article 340c para. 2 of the Swiss Code of Obligations; (iii) the occurrence of September 30, 2028; or (iv) if the holder of Class B Ordinary Shares ceases to hold, directly or indirectly, shares with an aggregate nominal value representing 15% or more of the aggregate nominal value of the total issued and outstanding share capital of the Issuer, from time to time.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Jason Barr, as Attorney-in-Fact	03/18/2026
	** 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 5 (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.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What does the Sportradar Group AG (SRAD) Form 3 filing show?

The Form 3 shows CEO Carsten Koerl’s initial beneficial ownership in Sportradar Group AG. It details his direct holdings of Class A and Class B Ordinary Shares and explains how the Class B shares can convert into Class A under defined conditions.

How many Class A shares does Sportradar CEO Carsten Koerl hold?

Carsten Koerl directly holds 1,840,883 Class A Ordinary Shares. This figure represents his reported Class A ownership as of the Form 3 filing date and complements a larger position in Class B shares that are structurally linked to Class A through a defined exchange ratio.

How are Sportradar (SRAD) Class B shares exchangeable into Class A shares?

Each 10 Class B Ordinary Shares are exchangeable for one Class A Ordinary Share. The exchange ratio is subject to customary adjustments for share splits, share dividends, and reclassifications, providing a clear conversion framework between the two share classes within Sportradar’s capital structure.

When do Sportradar Class B Ordinary Shares automatically convert into Class A?

Class B shares automatically convert into Class A upon certain mandatory events. These include Carsten Koerl’s death, specified cause-based dismissal as CEO, the occurrence of September 30, 2028, or if he ceases to hold at least 15% of Sportradar’s aggregate nominal share capital.

Does the Sportradar Form 3 indicate insider buying or selling activity?

The Form 3 functions as an initial ownership report and does not show any buy or sell transactions. It records Carsten Koerl’s existing holdings in Class A and Class B Ordinary Shares rather than documenting new purchases, sales, or option exercises.

What voting rights are attached to Sportradar Class B Ordinary Shares?

Holders of Sportradar’s Class B Ordinary Shares are entitled to one vote per share. These voting rights apply while the shares remain in Class B form and continue until any mandatory or elective conversion into Class A Ordinary Shares occurs under the specified conditions.