Were Ariel Emanuel’s TKO (TKO) share purchases open-market transactions?

Yes. Both transactions are coded as open-market purchases of TKO Class A Common Stock. They are described as purchases in the open market or private transactions, with prices reported as weighted averages over multiple trade executions that day.

TKO Group (NYSE: TKO) CEO Ariel Emanuel buys 10,805 shares in market trades

Filing Impact

(Very High)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

TKO Group Holdings’ Chief Executive Officer Ariel Emanuel reported open-market purchases of the company’s Class A Common Stock. On May 13, 2026, he bought a total of 10,805 shares in two transactions.

The first transaction covered 6,937 shares at a weighted average price of $185.36 per share, with individual trades between $185.07 and $185.80. The second involved 3,868 shares at a weighted average price of $184.60 per share, with trades between $184.03 and $184.99. All purchases were direct holdings.

Insights

TKO’s CEO made a sizeable open-market share purchase, signaling added personal exposure.

Ariel Emanuel, Chief Executive Officer of TKO Group Holdings, executed two open-market purchases of Class A Common Stock on May 13, 2026, totaling 10,805 shares. Prices clustered around $184.60 and $185.36, with each transaction reported as a weighted average price within narrow intraday ranges.

Because these were open-market purchases rather than option exercises or tax-related moves, they represent an active decision to increase direct equity ownership. The filing does not reference any Rule 10b5-1 trading plan, so the trades appear discretionary based on the provided data.

While the company’s overall size is not detailed here, CEO net buying of 10,805 shares at roughly the prevailing market price can be viewed as a modestly positive governance and alignment signal. Future company filings may provide additional context on how this position evolves over subsequent reporting periods.

Insider Trade Summary

Net Buyer: 10,805 shares ($1,999,875)

Net Buy 2 txns

Insider Emanuel Ariel

Role Chief Executive Officer

Bought 10,805 shs ($2.00M)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	3,868	$184.60	$714K
Purchase	Class A Common Stock	6,937	$185.36	$1.29M

Holdings After Transaction: Class A Common Stock — 147,718 shares (Direct, null)

Footnotes (1)

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $184.03 to $184.99 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $185.07 to $185.80 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Key Figures

Total shares purchased: 10,805 shares First tranche size: 6,937 shares First tranche weighted price: $185.36 per share +4 more

7 metrics

Total shares purchased 10,805 shares Net open-market buys on May 13, 2026

First tranche size 6,937 shares Class A Common Stock open-market purchase

First tranche weighted price $185.36 per share Weighted average price for 6,937-share purchase

Second tranche size 3,868 shares Class A Common Stock open-market purchase

Second tranche weighted price $184.60 per share Weighted average price for 3,868-share purchase

Lower price range $184.03 per share Lowest price in the $184.03–$184.99 range

Higher price range $185.80 per share Highest price in the $185.07–$185.80 range

Key Terms

open-market purchase, Class A Common Stock, weighted average price, Form 4, +1 more

5 terms

open-market purchase financial

"transaction_action: open-market purchase"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Class A Common Stock financial

"security_title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Reporting Person regulatory

"The Reporting Person undertakes to provide to the Issuer..."

Form 4 Insider Transactions: What Each Field Means →

05/13/2026 - 04:32 PM

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^*

Emanuel Ariel

(Last)

(First)

(Middle)

C/O TKO GROUP HOLDINGS, INC.

200 FIFTH AVENUE, 7TH FLOOR

(Street)

NEW YORK

10010

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TKO Group Holdings, Inc. [ TKO ]

5. 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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/13/2026		P		3,868	A	$184.6⁽¹⁾	147,718	D
Class A Common Stock	05/13/2026		P		6,937	A	$185.36⁽²⁾	154,655	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $184.03 to $184.99 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $185.07 to $185.80 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

	/s/ Robert Hilton, Attorney-in-fact	05/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did TKO (TKO) CEO Ariel Emanuel do in this Form 4 filing?

Ariel Emanuel reported buying 10,805 shares of TKO Class A Common Stock in the open market. The purchases occurred on May 13, 2026, in two transactions at weighted average prices near $185 per share, increasing his direct equity exposure.

How many TKO (TKO) shares did the CEO buy and at what prices?

The CEO bought 10,805 Class A shares in total: 6,937 shares at a weighted average price of $185.36 and 3,868 shares at a weighted average price of $184.60, with individual trades executed within narrow ranges around these averages.

What price ranges did the TKO (TKO) CEO pay for the purchased shares?

For 3,868 shares, the CEO paid prices ranging from $184.03 to $184.99 per share. For 6,937 shares, he paid between $185.07 and $185.80 per share, with each transaction reported using a single weighted average price.

Does the TKO (TKO) Form 4 mention a Rule 10b5-1 trading plan?

The disclosure describes the purchases as weighted-average open-market transactions and does not reference any Rule 10b5-1 trading plan. Based on the provided information, the trades appear as discretionary open-market buys by the CEO.