[Form 4] TKO Group Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 highlights – CrowdStrike Holdings, Inc. (CRWD): Director Roxanne S. Austin reported a series of option exercises and related share sales on 30 June 2025 and 1 July 2025.

• Option exercises: 553 options and 9,447 options were exercised at an $11.13 strike (granted 09-Oct-2018, fully vested).
• Share sales: The same day, the director sold 553 shares at $510, 4,447 shares at $510, and 5,000 shares at $515, generating proceeds of roughly $5.1 million.
• Net common-stock position: After the transactions, the director holds 18,858 Class A shares directly, down modestly from 19,411 before the first sale.
• Remaining derivatives: 50,000 stock options with the original 2018 grant remain outstanding.

The transactions appear to be cash-less exercises, with shares sold immediately to cover taxes/liquidity while retaining a sizeable residual option stake. No Rule 10b5-1 plan was indicated. The filing does not disclose any company-specific operational data; therefore, investor focus is primarily on the signal value of insider selling versus continued equity exposure.

Positive

• Director retains 50,000 deep-in-the-money options, maintaining long-term alignment with shareholders despite the share sales.

Negative

• Approx. $5 million in insider sales at record share prices may be viewed as profit-taking and could raise short-term sentiment concerns.

Insights

Securities Analyst

TL;DR: Director executed option exercise-and-sell transactions worth ≈$5 M; net share position falls slightly, option exposure remains substantial—signal is largely neutral.

Insider‐selling context: CrowdStrike trades around the $510–$515 level, near all-time highs, so partial monetisation by a non-executive director is unsurprising. The shares sold (<1 % of daily volume) are immaterial to float and unlikely to affect liquidity or price discovery. The director retains 50 k options (strike $11.13) and 18,858 shares, indicating ongoing long exposure. Because the sales match option exercises one-for-one, the activity resembles a standard liquidity/tax move rather than a bearish stance. There is no disclosure of a 10b5-1 plan, so the market may ascribe slightly more discretion to the timing, trimming sentiment moderately. Overall impact: modestly negative from a signalling perspective but not materially detrimental to the investment thesis.

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^*

Khan Nick

(Last) (First) (Middle)

C/O TKO GROUP HOLDINGS, INC.

200 FIFTH AVENUE, 7TH FLOOR

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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

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 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
Class A Common Stock	06/30/2025		A		216.557(1)	A	$0.00	211,183.599	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalent units accrued in respect of existing restricted stock unit awards. Each dividend equivalent unit is the economic equivalent of one share of the Issuer's Class A common stock.

	/s/ Robert Hilton, Attorney-in-fact	07/02/2025
	** 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).
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FAQ

How many CrowdStrike (CRWD) shares did the director sell?

A total of 10,000 shares were sold (553 + 4,447 + 5,000) across 30 Jun and 1 Jul 2025.

What prices were the CRWD shares sold at?

Shares were sold at $510 and $515 per share.

Did the director exercise stock options?

Yes. 10,000 options with a $11.13 strike were exercised before the sales.

How many CRWD shares does the director still own?

Post-transaction, the director directly owns 18,858 Class A shares.

How many options remain after the filing?

The director retains 50,000 stock options expiring 09-Oct-2028.

Is this Form 4 part of a Rule 10b5-1 trading plan?

The filing does not indicate that the transactions were executed under a Rule 10b5-1(c) plan.