UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
Endeavor Group Holdings, Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
29260Y 10 9
(CUSIP Number)
Robert Hilton
c/o Endeavor Group Holdings, Inc.
9601 Wilshire Boulevard, 3rd Floor,
Beverly Hills, CA 90210
(310) 285-9000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
October 8, 2024
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. ☐
* | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13D
CUSIP No. 29260Y 10 9 | Page 2 of 9 |
1 | Names of Reporting Persons
Ariel Emanuel | |||||
2 | Check the Appropriate Box if a Member of a Group
(a) ☒ (b) ☐ | |||||
3 | SEC Use Only
| |||||
4 | Source of Funds (See Instructions)
OO | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or Place of Organization
United States |
Number of Shares Beneficially Owned by Each Reporting Person With
| 7 | Sole Voting Power
11,984,464 | ||||
8 | Shared Voting Power
27,498,450 | |||||
9 | Sole Dispositive Power
11,984,464 | |||||
10 | Shared Dispositive Power
27,498,450 |
11 | Aggregate Amount Beneficially Owned by Each Reporting Person
39,482,914 | |||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13 | Percent of Class Represented by Amount in Row (11)
11.5% | |||||
14 | Type of Reporting Person
IN |
CUSIP No. 29260Y 10 9 | 13D | Page 3 of 9 |
1 | Names of Reporting Persons
Patrick Whitesell | |||||
2 | Check the Appropriate Box if a Member of a Group
(a) ☒ (b) ☐ | |||||
3 | SEC Use Only
| |||||
4 | Source of Funds (See Instructions)
OO | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or Place of Organization
United States |
Number of Shares Beneficially Owned by Each Reporting Person With
| 7 | Sole Voting Power
9,000,965 | ||||
8 | Shared Voting Power
27,498,450 | |||||
9 | Sole Dispositive Power
9,000,965 | |||||
10 | Shared Dispositive Power
27,498,450 |
11 | Aggregate Amount Beneficially Owned by Each Reporting Person
36,499,415 | |||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13 | Percent of Class Represented by Amount in Row (11)
10.6% | |||||
14 | Type of Reporting Person
IN |
CUSIP No. 29260Y 10 9 | 13D | Page 4 of 9 |
1 | Names of Reporting Persons
Endeavor Executive Holdco, LLC | |||||
2 | Check the Appropriate Box if a Member of a Group
(a) ☒ (b) ☐ | |||||
3 | SEC Use Only
| |||||
4 | Source of Funds (See Instructions)
OO | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With
| 7 | Sole Voting Power
0 | ||||
8 | Shared Voting Power
21,031,480 | |||||
9 | Sole Dispositive Power
0 | |||||
10 | Shared Dispositive Power
21,031,480 |
11 | Aggregate Amount Beneficially Owned by Each Reporting Person
21,031,480 | |||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13 | Percent of Class Represented by Amount in Row (11)
6.4% | |||||
14 | Type of Reporting Person
OO |
CUSIP No. 29260Y 10 9 | 13D | Page 5 of 9 |
1 | Names of Reporting Persons
Endeavor Executive PIU Holdco, LLC | |||||
2 | Check the Appropriate Box if a Member of a Group
(a) ☒ (b) ☐ | |||||
3 | SEC Use Only
| |||||
4 | Source of Funds (See Instructions)
OO | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With
| 7 | Sole Voting Power
0 | ||||
8 | Shared Voting Power
3,706,177 | |||||
9 | Sole Dispositive Power
0 | |||||
10 | Shared Dispositive Power
3,706,177 |
11 | Aggregate Amount Beneficially Owned by Each Reporting Person
3,706,177 | |||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13 | Percent of Class Represented by Amount in Row (11)
1.2% | |||||
14 | Type of Reporting Person
OO |
CUSIP No. 29260Y 10 9 | 13D | Page 6 of 9 |
1 | Names of Reporting Persons
Endeavor Executive II Holdco, LLC | |||||
2 | Check the Appropriate Box if a Member of a Group
(a) ☒ (b) ☐ | |||||
3 | SEC Use Only
| |||||
4 | Source of Funds (See Instructions)
OO | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With
| 7 | Sole Voting Power
0 | ||||
8 | Shared Voting Power
2,760,793 | |||||
9 | Sole Dispositive Power
0 | |||||
10 | Shared Dispositive Power
2,760,793 |
11 | Aggregate Amount Beneficially Owned by Each Reporting Person
2,760,793 | |||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13 | Percent of Class Represented by Amount in Row (11)
0.9% | |||||
14 | Type of Reporting Person
OO |
CUSIP No. 29260Y 10 9 | 13D | Page 7 of 9 |
Explanatory Note
This Amendment No. 7 to Schedule 13D (“Amendment No. 7”) amends and supplements the statement on Schedule 13D originally filed with the United States Securities and Exchange Commission on May 13, 2021 (as amended, the “Schedule 13D”), related to the shares of Class A Common Stock, par value $0.00001 per share (the “Class A Common Stock”), of Endeavor Group Holdings, Inc., a Delaware corporation (the “Issuer”). Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D.
ITEM 4. | PURPOSE OF TRANSACTION |
Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following at the end of the section titled “2023 10b5-1 Trading Plans” in Item 4 of the Schedule 13D/A filed with the SEC on June 13, 2023, as amended by the Schedule 13D/A filed on September 1, 2023:
On October 8, 2024, Mr. Emanuel terminated the Emanuel 2023 Trading Plan.
ITEM 5. | INTEREST IN SECURITIES OF THE ISSUER |
Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:
(a) – (b)
The following sets forth, as of the date of this Schedule 13D, the aggregate number of shares of Class A Common Stock and percentage of Class A Common Stock beneficially owned by each of the Reporting Persons, as well as the number of shares of Class A Common Stock as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition of, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 306,795,376 shares of Class A Common Stock outstanding as of July 31, 2024 as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2024 filed with the SEC on August 8, 2024:
Reporting Person | Amount beneficially owned | Percent of class | Sole power to vote or direct the vote | Shared power to vote or to direct the vote | Sole power to dispose or direct to disposition | Shared power to dispose or to direct the disposition | ||||||||||||||||||
Ariel Emanuel | 39,482,914 | 11.5 | % | 11,984,464 | 27,498,450 | 11,984,464 | 27,498,450 | |||||||||||||||||
Patrick Whitesell | 36,499,415 | 10.6 | % | 9,000,965 | 27,498,450 | 9,000,965 | 27,498,450 | |||||||||||||||||
Endeavor Executive Holdco, LLC | 21,031,480 | 6.4 | % | 0 | 21,031,480 | 0 | 21,031,480 | |||||||||||||||||
Endeavor Executive PIU Holdco, LLC | 3,706,177 | 1.2 | % | 0 | 3,706,177 | 0 | 3,706,177 | |||||||||||||||||
Endeavor Executive II Holdco, LLC | 2,760,793 | 0.9 | % | 0 | 2,760,793 | 0 | 2,760,793 |
CUSIP No. 29260Y 10 9 | 13D | Page 8 of 9 |
Mr. Emanuel is the record holder of 23,810 shares of Class A Common Stock, 5,959,889 Profits Units and 4,193,328 Endeavor Operating Company Units. Mr. Emanuel’s personal revocable trust, for which he is acting as sole trustee and is sole lifetime beneficiary, is the record holder of 1,807,437 shares of Class A Common Stock. Mr. Whitesell’s personal revocable trust, for which he is acting as sole trustee and is sole lifetime beneficiary, is the record holder of 72,797 shares of Class A Common Stock, 5,959,889 Profits Units and 2,968,279 Endeavor Operating Company Units. Endeavor Executive Holdco, LLC is the record holder of 21,031,480 Endeavor Operating Company Units. Endeavor Executive PIU Holdco, LLC is the record holder of 3,193,469 Endeavor Operating Company Units and 512,708 Profits Units. Endeavor Executive II Holdco, LLC is the record holder of 2,760,793 Profits Units.
The Executive Holdcos are managed by an executive committee composed of Messrs. Emanuel and Whitesell. As a result, each of Messrs. Emanuel and Whitesell may be deemed to share beneficial ownership of the securities held directly by the Executive Holdcos, but each disclaims any such beneficial ownership.
In addition, by virtue of the agreements made pursuant to the Stockholders Agreement, the Reporting Persons and the Silver Lake Equityholders may be deemed to constitute a group for purposes of Rule 13d-3 under the Exchange Act. The Reporting Persons expressly disclaim any beneficial ownership of shares of Class A Common Stock beneficially owned by the Silver Lake Equityholders and such shares are not the subject of this Schedule 13D.
(c) | During the past 60 days, (i) the Reporting Persons have disposed of an aggregate of 225,272 Endeavor Operating Company Units in connection with the redemption of common units issued by Endeavor Executive Holdco, LLC to Mr. Emanuel in accordance with the limited liability company agreement of Endeavor Executive Holdco, LLC, and (ii) Mr. Emanuel sold an aggregate of 225,272 shares of Class A Common Stock pursuant to the 2023 Emanuel Trading Plan at prices ranging from $28.00 to $29.13. Details by date, listing the number of shares sold and the weighted average price per share such sales are provided below. |
Date | Equity Shares Disposed Of | Weighted Average Price per Share | ||||||
September 20, 2024 | 27,816 | $ | 28.01 | |||||
September 24, 2024 | 149,280 | $ | 28.097 | |||||
October 8, 2024 | 48,176 | $ | 29.039 |
The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for each transaction.
(d) | None. |
(e) | Not applicable. |
CUSIP No. 29260Y 10 9 | 13D | Page 9 of 9 |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: October 9, 2024
By: | /s/ Ariel Emanuel | |
Name: | Ariel Emanuel | |
By: | /s/ Patrick Whitesell | |
Name: | Patrick Whitesell | |
Endeavor Executive Holdco, LLC | ||
By: | /s/ Ariel Emanuel | |
Name: | Ariel Emanuel | |
Title: | Director | |
Endeavor Executive PIU Holdco, LLC | ||
By: | /s/ Ariel Emanuel | |
Name: | Ariel Emanuel | |
Title: | Director | |
Endeavor Executive II Holdco, LLC | ||
By: | /s/ Ariel Emanuel | |
Name: | Ariel Emanuel | |
Title: | Director |