TKO Group Holdings reported that Nick Khan sold shares of the company’s Class A common stock on July 20, 2026, through a series of open-market transactions disclosed on a Form 4 filed July 22. The filing indicates the sales were made under a Rule 10b5-1 trading plan that Khan adopted on March 13, 2026, meaning the transactions were prearranged under a plan designed to execute trades at a later date subject to preset conditions. Khan sold a total of 22,947 shares of TKO Class A common stock. The sales were reported in five weighted-average price blocks: 12,866 shares at $181.11 per share, 3,682 shares at $182.54 per share, 3,299 shares at $183.43 per share, 1,400 shares at $184.45 per share, and 1,700 shares at $185.29 per share. Based on those weighted-average prices, the transactions generated approximately $4.18 million in gross proceeds. The filing identifies the reported prices as weighted averages for multiple transactions within stated ranges. For the 3,682-share block, shares were sold at prices ranging from $181.98 to $182.96. For the 3,299-share block, the range was $183.02 to $184.00. For the 1,400-share block, the range was $184.07 to $185.00. For the 1,700-share block, the range was $185.07 to $185.54. The filing states that Khan will provide detailed per-price share information to TKO, any security holder, or SEC staff upon request. The transactions were reported as sales of TKO Class A common stock, which on Form 4 are typically coded as “S” transactions. The excerpt provided does not state Khan’s remaining ownership after the sales, nor does it describe any related option exercises, equity vesting, or derivative securities activity. The key corporate-governance point is that a senior insider disposed of a meaningful block of shares under a previously adopted 10b5-1 plan, rather than through an ad hoc discretionary sale on the reporting date.