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March 25, 2020

Vince McMahon To Sell 3.5 Million Shares Of WWE Stock Through Morgan Stanley

According to a recent SEC filing, Vince McMahon is parting with some of his stake in World Wrestling Entertainment Inc. through Morgan Stanley in an effort to provide more liquidity for the company during the COVID-19 coronavirus outbreak.

The filing itself indicates that McMahon has entered into a variable prepaid forward contract that covers around 3.5 million shares of Class B common stock. This contract will allow McMahon to maintain voting and dividend rights in the stock, as well as price appreciation during and after the contract.


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