Vince McMahon sells roughly 8.4 million shares of TKO stock

TKO Group released a statement announcing that Vince McMahon is selling 8.4 million of his shares in TKO stock, roughly 30 percent of his 28 million shares in total.

Per TKO, the stock being sold is Class A common stock, with a value of $0.00001, with no shares being sold by the company itself.

The release also states that the company will not receive proceeds from the sale of these shares of stock.

This follows new sections of TKO’s SEC filing listing Vince McMahon’s membership on the board as a risk factor.

Source: Fightful