Nick Khan, who serves as the President of WWE, has put up 22,693 of his Class A TKO stock shares for sale. The present value of these shares is approximately ,394,846.54.
An official document submitted to the Securities and Exchange Commission (SEC) reveals that the sale is being managed by Fidelity Brokerage Services, and the method of its execution is cited as a “Restricted Stock Vesting” under the Nature of Acquisition Transaction.
The submitted document further elaborates: “If the securities were procured and entire payment for them was not furnished in cash at the instance of purchase, elucidate in the table or in footnotes the character of the payment given. Should the consideration involve any IOU or similar obligation, or if payment was completed in installments describe the understanding and reveal when the IOU or other obligation was entirely settled or the final installment remunerated.”
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