Vince McMahon’s days as a TKO stockholder appear to be coming to an end.
In an SEC filing released Friday by TKO, three stockholders were listed as making their shares available for sale including McMahon.
While WWE CEO/TKO Board member Nick Khan (234,424) and Board member Steven Koonin (3508) also listed some shares for sale, McMahon is listed as making 8,021,405 shares available — notable as that is all that McMahon has remaining.
While the shares are listed for sale, that doesn’t mean that all three men will sell all of their listed allotments.
Wrestlenomics’ Brandon Thurston observed that “registering the shares for sale allows the public to buy them and therefore might allow McMahon, Khan, and Koonin to get a better deal and to complete any transactions with less administrative friction.”
As of the close of the market Friday, TKO closed at $98/share making McMahon’s current stock value more than $786 million.
It’s the latest potential liquidation move for McMahon who has maintained a steady drumbeat of offloading stock since November 2023. He dropped below a 5% overall ownership of TKO this week after two separate transactions to Endeavor and TKO that brought him more than $300 million. However, he still owns nearly 10% of TKO’s class A shares.
This week’s move followed three other transactions since the late-fall:
- In November, McMahon sold approximately 30% of his stock (8.4 million shares) for nearly $700 million.
- The second came in March with McMahon selling 25% of his remaining stock for $408 million.
- The third also came in March with McMahon selling nearly 3.5 million shares for $100 million to Morgan Stanley to complete a margin loan transaction he took in March 2020.
In total, McMahon has liquidated more than $1.5 billion from the various sales.
The 78-year-old resigned as TKO executive chairman this past January after being accused of sex trafficking and sexual assault in a lawsuit filed by former WWE employee Janel Grant.
News Summary:
- Vince McMahon lists all remaining TKO shares for sale
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