Vince McMahon recently sold an additional 3.4 million shares of TKO stock to Endeavor and TKO Group Holdings, as revealed in a new SEC filing.
Brandon Thurston of Wrestlenomics is reporting that McMahon now owns less than 5% of WWE.
McMahon has an estimated 8,021,405 shares of TKO remaining, which means he has 4.7% of the company he previously chaired.
McMahon has been gradually selling stocks since November 2023, before he was forced to resign from TKO due to Janel Grant’s sex trafficking lawsuit.
NEW FILING: TKO and Endeavor are buying shares from Vince McMahon.
In two agreements, Endeavor is buying 1,642,970 shares for $142.6M and TKO is buying an additional 1,853,724 for about $150M, for a total of about $293M.
By my count, after the transactions close on Tuesday and… pic.twitter.com/ibVQDvni4H
— Brandon Thurston (@BrandonThurston) April 8, 2024
