NYSE: TKO TKO Group Holdings, Inc. 8-K

TKO accelerates up to $200M share buyback program to begin May 14, ahead of schedule

Filed May 12, 2026 · Period ending May 11, 2026 · ~1 min read

Key Changes

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TKO replaced its Rule 10b5-1 buyback plan to start repurchases on May 14, 2026, rather than waiting for the $800M accelerated share repurchase to complete. All other terms remain unchanged.

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The company has a $1 billion total repurchase program: $800M via accelerated share repurchase (announced March 10) and up to $200M through the modified 10b5-1 plan for Class A common stock.

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Summary

TKO Group Holdings modified its share repurchase timeline to begin buying back stock sooner than originally planned. The company replaced its existing Rule 10b5-1 trading plan with a new one that authorizes up to $200 million in Class A common stock repurchases starting May 14, 2026.

Previously, these buybacks were scheduled to begin only after completion of a separate $800 million accelerated share repurchase agreement announced in March. For retail investors, this signals management's confidence in the stock's current valuation and willingness to return capital to shareholders more quickly. The acceleration suggests TKO sees an attractive entry point at current prices.

The total $1 billion commitment to buybacks represents meaningful capital allocation toward shareholder returns. Watch for the actual pace and pricing of repurchases in upcoming quarterly reports, which will reveal whether management is aggressively buying or proceeding cautiously. Also monitor whether the $800M accelerated repurchase completes on schedule, as any delays there could affect the overall buyback timeline.