WWE President Nick Khan is looking to cash out in a big way.
According to a new filing with the U.S. Securities and Exchange Commission (SEC), Khan plans to sell a whopping 28,557 shares of TKO Group Holdings stock—potentially pulling in around $4.5 million.
The transaction, disclosed under a Rule 10b5-1 plan, allows company insiders to sell stock at a later date under a prearranged schedule. The rule is meant to shield executives from accusations of insider trading. The filing doesn’t mean the sale has gone through just yet, but it shows Khan is lining up his exit strategy on a chunk of his equity.
“The proposed sale is expected to generate approximately $4,506,580.17 based on current market valuation,” the filing revealed.
This would mark one of Khan’s largest financial moves since the WWE-UFC merger under Endeavor, which created the new TKO corporate entity in 2023. Since then, Khan has been one of the central power players behind WWE’s restructured leadership and the push into a more media-driven, investor-centric era.
While executives selling stock is common, the timing and size of this sale are drawing attention—especially as WWE enters a critical stretch with RAW’s upcoming Netflix debut and internal changes following Vince McMahon’s departure from TKO.
Is Nick Khan just cashing in—or does this say something bigger about the current state of TKO? Please share your thoughts and feedback in the comment section below.