-

Vince McMahon selling over 3.4 million TKO shares this week

Vince McMahon’s stake in TKO continued to diminish after the former WWE Chairman and CEO has agreed to sell 1,642,970 TKO shares to Endeavor and 1,853,724 TKO shares to TKO Group Holdings for a price of $89.01 per share.

The transactions are expected to close on April 9 and April 10 respectively according to documents filed with the United States Securities and Exchange Commission and will give Vince McMahon a total of $311,240,732.

With these sales, McMahon’s ownership of TKO shares will go below 5% and according to regulations, McMahon no longer has to record future sales with the SEC.

McMahon, who served as the TKO Executive Chairman of the Board, resigned in January of this year and made more than $1.5 billion in stock transactions.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Hulk Hogan appears at President Trump’s rally at Madison Square Garden

Hulk Hogan returned to Madison Square Garden last night, not for a wrestling show, but to be part of...

Bubba Ray Dudley gets involved at NXT Halloween Havoc, saves Trick Williams

WWE Hall of Famer Bubba Ray Dudley saved NXT champion Trick Williams last night after the main event of...

Wrestling in 2024: what is still to come?

This year has brought WWE and wrestling fans in general a lot of excitement, as well as plenty of...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading