Posted on 3/10/126 by Colin Vassallo
TKO Group Holdings, Inc. today announced that it has entered
into an accelerated share repurchase agreement to repurchase
$800 million of its outstanding Class A common stock. The
Company also announced that it has entered into a 10b5-1
trading plan for the repurchase of up to $200 million of its
outstanding Class A common stock.
Repurchases under the ASR Agreement and the 10b5-1 Plan are
being completed under TKO’s previously announced $2.0
billion share repurchase authorization.
“Our plan to repurchase $1 billion of additional shares
reflects our continued confidence in TKO’s business and
long-term prospects,” said Mark Shapiro, President and COO,
TKO. “This next phase of repurchases will all but satisfy
our $2 billion share repurchase authorization and reinforce
our commitment to a robust capital return program. We remain
focused on disciplined capital deployment, high-quality
execution, and delivering meaningful value for our
shareholders.”
Under the ASR Agreement, on March 11, 2026, the Company will
pay $800 million to Morgan Stanley & Co. LLC and expects to
receive an initial delivery of 3,136,179 shares of Class A
common stock. The total number of shares to be repurchased
pursuant to the ASR Agreement will be based on the volume-
weighted average price of Class A common stock on specified
dates during the term of the ASR Agreement. Transactions
under the ASR Agreement are expected to be completed in June
2026.
Repurchases contemplated under the 10b5-1 Plan are to
commence once transactions under the ASR Agreement are
completed.