Nick Khan (NYSE: TKO) sells 9,518 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TKO Group Holdings director Nick Khan sold 9,518 shares of Class A Common Stock in open-market transactions. The trades on April 6, 2026 were executed at weighted average prices ranging from $197.12 to $203.84 per share under a pre-arranged Rule 10b5-1 trading plan adopted on March 7, 2025. Following these sales, Khan directly holds about 100,618 shares of TKO Class A Common Stock.
Positive
- None.
Negative
- None.
Insights
Routine pre-planned sale; director retains a substantial equity stake.
Director Nick Khan sold 9,518 TKO Group Holdings Class A shares through several open-market trades on April 6, 2026. Reported prices range from about $197 to $204 per share, with each line reflecting a weighted average for multiple executions.
The filing states the transactions were made under a Rule 10b5-1 trading plan adopted on March 7, 2025, indicating they were pre-scheduled rather than opportunistic. After the sales, Khan still directly owns roughly 100,618 shares, suggesting these dispositions represent a limited portion of his position.
Insider Trade Summary 10b5-1
Net Seller: 9,518 shares ($1,890,225)
Net Sell
5 txns
Insider
Khan Nick
Role
Director
Sold
9,518 shs ($1.89M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,818 | $197.39 | $556K |
| Sale | Class A Common Stock | 4,400 | $198.67 | $874K |
| Sale | Class A Common Stock | 1,900 | $199.44 | $379K |
| Sale | Class A Common Stock | 200 | $200.64 | $40K |
| Sale | Class A Common Stock | 200 | $203.84 | $41K |
Holdings After Transaction:
Class A Common Stock — 107,318.418 shares (Direct)
Footnotes (1)
- The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.12 to $198.05 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 sold 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 sold in multiple transactions at prices ranging from $198.17 to $199.10 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 sold 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 sold in multiple transactions at prices ranging from $199.17 to $200.04 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 sold 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 sold in multiple transactions at prices ranging from $200.42 to $200.92 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 sold 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 sold in multiple transactions at prices ranging from $203.84 to $203.84 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 sold at each separate price within the range set forth in this footnote.
Key Figures
Total shares sold: 9,518 shares
Sale price (first block): $197.39 per share
Sale price (largest block): $198.67 per share
+3 more
6 metrics
Total shares sold
9,518 shares
Open-market sales on April 6, 2026
Sale price (first block)
$197.39 per share
2,818 shares of Class A Common Stock
Sale price (largest block)
$198.67 per share
4,400 shares of Class A Common Stock
Highest reported sale price
$203.84 per share
200 shares of Class A Common Stock
Shares owned after transactions
100,618 shares
Direct Class A holdings following April 6, 2026 sales
Net share change
-9,518 shares
Net-sell direction per transaction summary
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Class A Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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.
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.
FAQ
What did TKO (TKO) director Nick Khan report in this Form 4?
Director Nick Khan reported selling 9,518 shares of TKO Group Holdings Class A Common Stock. The sales occurred on April 6, 2026, as multiple open-market transactions at weighted average prices between roughly $197 and $204 per share, under a pre-arranged Rule 10b5-1 trading plan.