Since 2020, Nick Khan has been a driving force behind some significant changes in WWE. The WWE president was instrumental in the company’s merger with UFC under the Endeavor umbrella to form the TKO Group Holdings.
Khan has also contributed to the strategic shift in the company’s approach to scheduling its PLEs over major US holiday weekends. Alongside Triple H, Khan has been the face of WWE’s new corporate structure behind the scenes following Vince McMahon’s departure. So, it might come as a surprise that Khan is looking to sell some of his TKO stock.
Nick Khan Files to Sell Over $4 Million of TKO Stock
According to a new filing with the U.S. Securities and Exchange Commission (SEC) by TKO Group Holdings, Khan intends to sell a total of 28,557 shares of TKO stock. Based on the stock’s current trading price of approximately $161.68 per share, Khan’s sale stands at a total market value of $4,506,580.17.
So what does this mean? For starters, these moves are usually part of a long-term strategy and may not indicate any change in Khan’s role in WWE or his future within the company.
Nick Khan is selling 28,557 shares of TKO stock, which has an aggregate market value of $4,506,580.17
– @Fightful pic.twitter.com/8bl0jKYEqH
— Wrestle Movement (@wrestlemovement) June 3, 2025
The filing is part of a prearranged plan under Rule 10b5-1, which permits company insiders to schedule future stock sales in advance. This approach helps protect them from potential accusations of insider trading when the transactions occur.
Also, this isn’t the first time Khan has decided to sell TKO stock. Last year, a filing showed that Khan sold 22,693 TKO shares, which held a market value of $2,394,846.54. This current filing could indicate that Khan is probably looking to diversify his investments.
As of April 17, 2025, Khan holds 116,795 shares in WWE. He first joined WWE in 2020 after stepping down from his role as Co-Head of Television at CAA. During his tenure, Khan has helped WWE with bigger broadcast deals, international PLEs, and much more.
Meanwhile, the latest development comes when a familiar name might be in the mix to buy WWE from TKO Group Holdings.
TKO May Consider Selling Back WWE to Vince McMahon
Since Vince McMahon left his brainchild, WWE, he has largely avoided anything related to his former company. However, in recent weeks, rumors have surfaced that TKO might be interested in reselling WWE.
According to former WWE on-screen general manager Eric Bischoff, TKO might mull over this on one condition.
“Depending on the offer, TKO has no choice but to be interested because they have a fiduciary responsibility to the shareholders to maximize shareholder value. If Vince somehow someway, I don’t know, lets just throw Saudi into the mix, put together a fund, that would make a legitimate offer for a publicly held company, interested or not, it has to be entertained,” Bischoff said on his 83 Weeks podcast.
With Vince McMahon, we know well enough, but never to say.