7 months ago
42 ARTICLE AD
Vince McMahon, the former board member of TKO Holdings, has once again grabbed headlines with the official sell-off of his TKO stock, as he offloaded $100 million worth of TKO stock this time around.
According to FWOnline, Vince McMahon has continued his trend of selling off his TKO shares, recently pocketing close to $100 million by selling 3.5 million shares to an undisclosed bank over a 20-day period this month. This latest transaction was disclosed in SEC filings released on Thursday.
This marks McMahon’s third significant sale of TKO stock since November. Initially, he sold around 30% of his shares (8.4 million) for nearly $700 million. Subsequently, earlier this month, he divested 25% of his remaining shares for $408 million.
Cumulatively, McMahon has garnered over $1.2 billion from these sales. The reasons behind his divestment and the purpose of these substantial funds remain undisclosed.
Despite the sales, McMahon still retains ownership of 11.5 million TKO shares, valued at nearly $1 billion based on Thursday’s closing market price of $86.41 per share. We will have to wait and see what will become of Vince McMahon in the end.
Are you surprised that Vince McMahon is still selling TKO stocks? Let us know in the comments section below!
