We reported earlier this month that WWE President Nick Khan was selling 234,424 shares of his TKO stock.
A new filing from WWE’s parent company, TKO Group Holdings, states the following:
“Khan is listed as having 53,894. The 234,424 shares includes 180,530 shares of Class A common stock issuable upon conversion of a portion of restricted stock units held by Mr. Khan that do not vest within 60 days of the date hereof.”
Sportico is reporting that Khan has now registered his entire stock holdings in TKO for sale. This includes restricted stock units. While he previously listed the shares for sale last September, he has yet to sell any actual stock.
For what it’s worth, Khan remains in his position as WWE President.
WWE President Nick Khan Registers Entire Stock Holdings for Sale
In a surprising move, WWE President Nick Khan has registered his entire stock holdings in TKO Group Holdings for sale, according to a recent filing from the company. This includes restricted stock units that were previously listed for sale last September.
The filing reveals that Khan currently holds 53,894 shares, with an additional 180,530 shares of Class A common stock issuable upon conversion of restricted stock units that do not vest within 60 days. This brings the total number of shares up to 234,424.
Despite listing his shares for sale last year, Khan has yet to sell any actual stock. It remains to be seen whether this latest registration will result in any transactions.
Khan’s decision to sell off his stock holdings raises questions about his future with WWE. However, it is important to note that he continues to hold his position as WWE President at this time.
The news comes as a surprise to many in the wrestling industry, as Khan has been a prominent figure in the company since taking on the role of President in August 2020. He has played a key role in negotiating major deals and partnerships for WWE, including the recent move of the company’s content to Peacock streaming service.
Khan’s stock holdings in TKO Group Holdings are likely a result of his previous role as the Co-Head of Television at Creative Artists Agency (CAA). He joined WWE after leaving CAA and has since made significant contributions to the company’s growth and success.
While the reasons behind Khan’s decision to sell his stock remain unknown, it could be a strategic move to diversify his investment portfolio or capitalize on the current market conditions. It is also possible that he may be planning to pursue other opportunities outside of WWE.
As the news of Khan’s stock registration spreads, fans and industry insiders will undoubtedly speculate about the potential implications for WWE. The company has experienced significant changes and challenges in recent years, and Khan’s departure could have a profound impact on its future direction.
For now, WWE fans and investors will have to wait and see how this situation unfolds. As Khan’s stock holdings are put up for sale, the wrestling world will be watching closely to see if any transactions occur and what the future holds for the influential WWE President.