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.
