Vince McMahon is offloading some of his stock.
According to a new SEC filing, Vince McMahon is selling 5,350,000 shares of his TKO stock. The shares are valued at $411,950,000.00.
Morgan Stanley is the broker for the deal.
Vince still has roughly 15 million shares of TKO stock.
On January 25, a lawsuit was filed by former WWE employee Janel Grant against Vince McMahon, WWE and former executive John Laurinaitis. The lawsuit accuses McMahon of sex trafficking, emotional abuse, and sexual assault.
McMahon has denied the allegations.
He resigned from his position as TKO Executive Chairman on January 26.
TKO President Mark Shapiro said during the TKO Financials call that he had no indication of Vince's next move regarding his TKO stock. You can find Shapiro's full comments by clicking here.
