Wrestlenomics noted 10 days ago that Vince McMahon and Nick Khan were putting up stock for sale. On Friday, Sportico reports that McMahon was selling the last of his shares in TKO Group Holdings. Khan also filed to sell all of his holdings.
This would be the last installment of sales by McMahon who resigned from the company he built due to a salacious lawsuit filed by Janel Grant alleging he engaged in sexual battery and trafficking. McMahon was the center of other payments to women due to sexual misconduct which required he take leave from the company.
According to the filing McMahon is selling 8,021,405 TKO shares while Khan is selling 234,424 shares.
For McMahon, the sale of stock would fully divest his ownership in the company. In November 2023, he sold 8.4 million shares, 5.35 million shares in March and almost 3.5 million shares in early April.
There is no news on the reason for Khan’s divestment in TKO. The sale for Khan includes restricted stock units and he has had the same stock for sale in the September prospectus.
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