EDR Endeavor Group Holdings, Inc. Insider Trading

CANADA PENSION PLAN INVESTMENT BOARD exits EDR entirely, selling 21.04M shares for $578.6M at $27.50 on 2025-03-24

Canada Pension Plan Investment Board liquidated its entire 21.04M-share position in Endeavor Group Holdings, exiting completely at $27.50 per share. The sale is material in absolute terms ($578.6M in proceeds) and represents a 100% exit of holdings. Contextually, this occurs while the company posted $2.0B in quarterly revenue with a negative net income of $-264.7M, indicating operational strain despite 19.3% annual revenue growth. The insider's cross-ticker track record shows 3 prior sells with a 50.00% well-timed rate and average 90-day post-sell returns of -5.5%, suggesting mixed historical accuracy in timing market inflection points, though this particular exit leaves no remaining position to evaluate.

Mark S Shapiro sold 98,135 shares (33.1% of holdings) at blended $30.06 in 3 transactions on Feb 24-25.

Shapiro executed 3 separate sales totaling 98,135 shares for $2,950,080.73 at blended average price $30.06, reducing his holdings from 296,302 shares to 198,167 shares—a 33.1% reduction of his position. This represents a substantial liquidation rather than routine portfolio rebalancing. His prior sales at EDR show a mixed track record: 2 of his 5 prior trades at this ticker were well-timed at the 90-day mark (meaning the stock declined after the sale), while 3 were not. His cross-ticker history shows 10 prior sells with an average 90-day return of +6.6%, indicating his prior sales were generally poorly timed (stock rose after he sold), though his 90d well-timed rate of 22.22% is below 50%. The current stock price of $30.88 sits 13.0% below the 52-week high and declined 2.3% over the past 30 days. Against the backdrop of Endeavor's recent $-264.7M net loss last quarter despite 13.1% annual revenue growth, this material reduction in insider holdings merits investor attention to the underlying business drivers.

CFO Jason Lublin sold 69,215 shares at $30.02 average for $2,077,703.32 (2025-02-24/25)

Jason Lublin, Endeavor's CFO, executed three separate sales totaling 69,215 shares for $2,077,703.32 over two trading days (Feb 24–25, 2025), reducing his holdings by 25.7% from 269.6K to 200.4K shares. His transaction prices ($29.98–$31.24) were executed near current price ($30.88), within the stock's 52-week range ($23.32–$35.50) and showing a modest 1.8% gain over 90 days. His prior sales at Endeavor (5 trades over 2024) generated positive 90-day returns in all instances (range +2.3% to +8.7%), indicating a consistent pattern where post-sale price appreciation rather than decline characterizes his timing at this ticker. Against his own cross-ticker track record—which shows a 15.38% well-timed rate with a -0.8% average 30-day return after sells—this sale occurs in the context of the company reporting $-264.7M net income despite $2.0B revenue (latest quarter) and a P/E of 25.95, factors that frame the disposition against current fundamentals.

CEO Emanuel Ariel sold 48.2K EDR shares at $29.04; stock now at 52-week high amid weak profitability

Emanuel Ariel sold 48,176 shares of Endeavor Group on 2024-10-08 at $29.04, reducing his holdings from 1,879,423 to 1,831,247 shares. The sale occurs while the stock trades at $29.23, matching its 52-week high, and marks the CEO's second consecutive sale within five days (following a 2024-09-24 sale), suggesting sustained share reduction activity. However, the company reported a net loss of $214,518,000 against revenue of $1,751,274,000, and the P/E of 24.56 reflects elevated valuation despite negative earnings. Prior sales at EDR have been poorly timed: none of the three measurable prior sales (August 2023) showed negative 90-day returns—instead the stock rose by approximately 2-3% in the months following each sale. This transaction overlaps with a derivative-conversion flag, indicating the CEO's actual position may extend beyond the Table I shares shown and should not be characterized as a full-position exit.

CEO Emanuel Ariel sells 177,096 shares ($5.0M) at $28.01–$28.10 amid 13.1% revenue growth but $-214.5M net loss

Emanuel Ariel sold 177,096 shares (177.1K shares) across two transactions on 2024-09-20 and 2024-09-24 for a total of $4,973,446.32, reducing his holdings by 8.8% to 1,831,247 shares post-transaction. The blended average sale price of $28.08 is at the current market price of $28.25, which matches the 52-week high (+0.0%), and comes after a 90-day price rise of 5.2%. However, Ariel's cross-ticker track record shows mixed timing discipline: his prior 6 sells averaged a 90-day return of -0.6% with a well-timed rate of 50.00%, meaning half of his prior sales proved advantageous. At EDR specifically, his 5 prior sales show 2 of 5 were well-timed at the 90-day mark. The underlying fundamentals present a divergence—annual revenue growth of 13.1% contrasts sharply with the latest quarter's net loss of $-214,518,000.00, and the company trades at a P/E of 23.74. The scale and timing of this sale warrant monitoring to assess whether the CEO is signaling conviction about current valuation or responding to operational headwinds.

Director Durban Egon bought 468,105 shares of EDR; holdings now 82.14M shares amid $-214.5M net loss

Durban Egon, a director, purchased 468,105 shares of Endeavor Group Holdings on 2024-09-06, increasing his holdings from 81,669,969 to 82,138,074 shares (+0.6% increase in position size). The transaction occurred at a price not disclosed in the filing, though the current market price stands at $27.43, near the 52-week high of $27.56. Against this backdrop, the company reported a net loss of $-214,518,000 in its latest quarter, creating a notable disconnect between the director's equity accumulation and current operational performance. The buy occurs in a company with strong revenue growth of 13.1% year-over-year, yet the persistence of significant quarterly losses raises questions about path to profitability that warrant investor scrutiny of the company's financial trajectory.

CFO Lublin sold 20,832 EDR shares at $27.28; retains 130,187 shares; stock near 52-week highs (+1.4% 30d).

CFO Jason Lublin sold 20,832 shares of Endeavor Group Holdings at $27.28, representing a 13.8% reduction from his pre-transaction holdings of 151,019 shares. The sale occurred while the stock trades at $27.42, near its 52-week high of $27.48, and the stock has gained 1.4% over the prior 30 days and 3.5% over 90 days. Lublin's prior trades at EDR show mixed timing: his last three measurable sales (Feb–Apr 2024) generated positive 30-day and 90-day returns of +5.7%/+10.6%, +6.8%/+8.7%, and -0.4%/+3.3%, respectively, indicating he did not capture the subsequent gains on those sales. The company reported revenue of $1.9B and a net loss of $137.3M in the latest quarter, with annual revenue growth of 13.1%, though earnings remain negative. This transaction is not scheduled under a 10b5-1 plan, and the FLAG indicates a derivative conversion is involved; the post-transaction holdings of 130,187 shares do not represent his total economic exposure.