MCGUIRK TERENCE F

SEC source: 0001104659-25-121105 · tm2533513-2_4seq1.xml · nonDerivative · entry 2

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman, President & CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 248,695

F2 · kind: The sale reported on this Form 4 represents shares sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of the restricted stock units.

F3 · price: Reflects the weighted average sale price. The range of prices for such transaction is $39.37 to $40.12. Upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided.

SEC source: 0001104659-25-121105 · tm2533513-2_4seq1.xml · derivative · entry 4

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman, President & CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,042

Underlying: Series C Common Stock · 15,042 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.

F6 · derivative.exercise_date: One-third of the restricted stock unit award vested on each of December 11, 2024 and 2025, and the remaining restricted stock units vest on December 11, 2026.

F6 · derivative.expiration_date: One-third of the restricted stock unit award vested on each of December 11, 2024 and 2025, and the remaining restricted stock units vest on December 11, 2026.

SEC source: 0001104659-25-121105 · tm2533513-2_4seq1.xml · nonDerivative · entry 1

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman, President & CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 255,383

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit converted into one share of Series C Common Stock.

SEC source: 0001104659-25-119287 · tm2532980-5_4seq1.xml · nonDerivative · entry 2

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman, President & CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 240,341

F2 · kind: The sale reported on this Form 4 represents shares sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of the restricted stock units.

F3 · price: Reflects the weighted average sale price. The range of prices for such transaction is $38.29 to $38.77. Upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided.

SEC source: 0001104659-25-119287 · tm2532980-5_4seq1.xml · derivative · entry 5

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman, President & CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 176,212

Underlying: Series C Common Stock · 176,212 shares

Expires 2026-12-04

F5 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.

SEC source: 0001104659-25-119287 · tm2532980-5_4seq1.xml · derivative · entry 4

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman, President & CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Series C Common Stock · 27,000 shares

Expires 2025-12-04

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.

SEC source: 0001104659-25-119287 · tm2532980-5_4seq1.xml · nonDerivative · entry 1

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman, President & CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 252,353

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit converted into one share of Series C Common Stock.

SEC source: 0001104659-24-131410 · tm2431921-1_4seq1.xml · nonDerivative · entry 2

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman and CEO of the Braves · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trust

Disclosed balance after: 265,000

F1 · ownership.nature: Reflects shares held in a family trust for which the reporting person's spouse is trustee and the reporting person's children are beneficiaries.

SEC source: 0001104659-24-131410 · tm2431921-1_4seq1.xml · nonDerivative · entry 1

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman and CEO of the Braves · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 225,353

SEC source: 0001104659-24-128470 · tm2431058-4_4seq1.xml · nonDerivative · entry 3

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman and CEO of the Braves · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 490,353

F2 · kind: The sale reported on this Form 4 represents shares sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of the restricted stock units.

F3 · price: Reflects the weighted average sale price. The reporting person effected multiple same-way open market sale transactions on the same day at different prices through a trade order executed by a broker dealer. The reporting person reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a shareholder of the issuer, full information regarding the number of shares sold at each separate price. The range of prices for such transaction is $39.76 to $40.26.

SEC source: 0001104659-24-128470 · tm2431058-4_4seq1.xml · derivative · entry 5

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman and CEO of the Braves · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,084

Underlying: Series C Common Stock · 15,041 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.

F5 · derivative.exercise_date: One-third of the restricted stock unit award vested on December 11, 2024, and the remaining restricted stock units vest in substantially equal installments on each of December 11, 2025 and 2026.

F5 · derivative.expiration_date: One-third of the restricted stock unit award vested on December 11, 2024, and the remaining restricted stock units vest in substantially equal installments on each of December 11, 2025 and 2026.

SEC source: 0001104659-24-128470 · tm2431058-4_4seq1.xml · derivative · entry 4

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman and CEO of the Braves · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Series C Common Stock · 30,084 shares

Expires 2024-12-11

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.

SEC source: 0001104659-24-128470 · tm2431058-4_4seq1.xml · nonDerivative · entry 2

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman and CEO of the Braves · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 510,519

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit converted into one share of Series C Common Stock.

SEC source: 0001104659-24-128470 · tm2431058-4_4seq1.xml · nonDerivative · entry 1

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman and CEO of the Braves · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 495,478

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit converted into one share of Series C Common Stock.

SEC source: 0001104659-24-126352 · tm2430393-8_4seq1.xml · derivative · entry 1

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman and CEO of the Braves · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,000

Underlying: Series C Common Stock · 27,000 shares

Expires 2025-12-04

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.

SEC source: 0001104659-24-092247 · tm2422433-1_4seq1.xml · derivative · entry 1

MCGUIRK TERENCE F · CIK 0001232631 · Director · Chairman and CEO of the Braves · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 100

Underlying: Series B Common Stock · 887,079 shares

Expires not disclosed

F1 · security: On August 21, 2024, Terence McGuirk and affiliates of John Malone entered into an operating agreement whereby Mr. McGuirk was granted 100 profits interest units in JCM AB LLC generally entitling Mr. McGuirk to receive the portion of the proceeds of any transfer by JCM AB LLC of the 887,079 shares of Series B Common Stock held by JCM AB LLC (the "Malone Series B Shares") exceeding $50 per share. Mr. McGuirk also entered into a proxy and voting agreement with JCM AB LLC and certain of its affiliates pursuant to which Mr. McGuirk was appointed the proxy to vote the Malone Series B Shares on specified matters, and JCM ABC LLC and its affiliates granted Mr. McGuirk a right of first refusal with respect to the transfer of ownership of the Issuer's shares. On account thereof, Mr. McGuirk may be deemed to have acquired beneficial ownership of the Malone Series B Shares, which Mr. McGuirk expressly disclaims.

F2 · derivative.exercise_price: The profits interest units in JCM AB LLC constitute an interest in the future profits and losses of JCM AB LLC, which owns the Malone Series B Shares; provided, that the profits interest units do not have any value unless and until the fair market value of the Malone Series B Shares exceeds $50.00 per share. The terms of the JCM AB LLC operating agreement generally entitle Mr. McGuirk to the right to receive the portion of the proceeds of any transfer by JCM AB LLC of the Malone Series B Shares that exceeds $50.00 per share. Mr. McGuirk does not have the right to direct the disposition of the Malone Series B Shares, which is in the sole discretion of the John C. Malone 1995 Revocable Trust.

F2 · derivative.exercise_date: The profits interest units in JCM AB LLC constitute an interest in the future profits and losses of JCM AB LLC, which owns the Malone Series B Shares; provided, that the profits interest units do not have any value unless and until the fair market value of the Malone Series B Shares exceeds $50.00 per share. The terms of the JCM AB LLC operating agreement generally entitle Mr. McGuirk to the right to receive the portion of the proceeds of any transfer by JCM AB LLC of the Malone Series B Shares that exceeds $50.00 per share. Mr. McGuirk does not have the right to direct the disposition of the Malone Series B Shares, which is in the sole discretion of the John C. Malone 1995 Revocable Trust.

F2 · derivative.expiration_date: The profits interest units in JCM AB LLC constitute an interest in the future profits and losses of JCM AB LLC, which owns the Malone Series B Shares; provided, that the profits interest units do not have any value unless and until the fair market value of the Malone Series B Shares exceeds $50.00 per share. The terms of the JCM AB LLC operating agreement generally entitle Mr. McGuirk to the right to receive the portion of the proceeds of any transfer by JCM AB LLC of the Malone Series B Shares that exceeds $50.00 per share. Mr. McGuirk does not have the right to direct the disposition of the Malone Series B Shares, which is in the sole discretion of the John C. Malone 1995 Revocable Trust.

F3 · derivative.underlying: Each share of Series B Common Stock is convertible, at the holder's election, into one share of Series A Common Stock, at any time for no consideration other than the surrender of the share of Series B Common Stock for each share of Series A Common Stock.

SEC source: 0001225208-23-011012 · doc4.xml · derivative · entry 5

MCGUIRK TERENCE F · CIK 0001232631 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 114,170

Underlying: Series C Common Stock · 114,170 shares

Expires 2030-12-11

F4 · derivative.exercise_date: This option award vests in three substantially equal installments on December 11, 2024, 2025, and 2026.

SEC source: 0001225208-23-011012 · doc4.xml · derivative · entry 4

MCGUIRK TERENCE F · CIK 0001232631 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,084

Underlying: Series C Common Stock · 30,084 shares

Expires 2024-12-11

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.

SEC source: 0001225208-23-011012 · doc4.xml · derivative · entry 3

MCGUIRK TERENCE F · CIK 0001232631 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 45,125

Underlying: Series C Common Stock · 45,125 shares

Expires not disclosed

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.

F3 · derivative.exercise_date: This restricted stock unit award vests in three substantially equal installments on December 11, 2024, 2025, and 2026.

F3 · derivative.expiration_date: This restricted stock unit award vests in three substantially equal installments on December 11, 2024, 2025, and 2026.

SEC source: 0001225208-23-011012 · doc4.xml · derivative · entry 2

MCGUIRK TERENCE F · CIK 0001232631 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Series C Common Stock · 33,088 shares

Expires 2023-12-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.

SEC source: 0001225208-23-011012 · doc4.xml · nonDerivative · entry 1

MCGUIRK TERENCE F · CIK 0001232631 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 465,394

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit converted into one share of Series C Common Stock.

SEC source: 0001225208-23-007603 · doc4.xml · derivative · entry 3

MCGUIRK TERENCE F · CIK 0001232631 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 380,526

Underlying: Series C Common Stock · 380,526 shares

Expires 2027-12-10

F2 · security: In connection with the Redemption, all equity awards held by the reporting person with respect to Liberty Media's Liberty Braves common stock (each, a "Braves Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the equity awards were granted, such that each Braves Award was exchanged for an option to purchase, or a restricted stock unit with respect to, an equivalent number of shares of the corresponding series of the Issuer's common stock. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

F2 · kind: In connection with the Redemption, all equity awards held by the reporting person with respect to Liberty Media's Liberty Braves common stock (each, a "Braves Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the equity awards were granted, such that each Braves Award was exchanged for an option to purchase, or a restricted stock unit with respect to, an equivalent number of shares of the corresponding series of the Issuer's common stock. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

F2 · price: In connection with the Redemption, all equity awards held by the reporting person with respect to Liberty Media's Liberty Braves common stock (each, a "Braves Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the equity awards were granted, such that each Braves Award was exchanged for an option to purchase, or a restricted stock unit with respect to, an equivalent number of shares of the corresponding series of the Issuer's common stock. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

F4 · derivative.exercise_date: This option award vested 50% on December 10, 2022, and will vest 50% on December 10, 2023.

SEC source: 0001225208-23-007603 · doc4.xml · derivative · entry 2

MCGUIRK TERENCE F · CIK 0001232631 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 33,088

Underlying: Series C Common Stock · 33,088 shares

Expires 2023-12-08

F2 · security: In connection with the Redemption, all equity awards held by the reporting person with respect to Liberty Media's Liberty Braves common stock (each, a "Braves Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the equity awards were granted, such that each Braves Award was exchanged for an option to purchase, or a restricted stock unit with respect to, an equivalent number of shares of the corresponding series of the Issuer's common stock. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

F3 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Issuer's Series C common stock.

F2 · kind: In connection with the Redemption, all equity awards held by the reporting person with respect to Liberty Media's Liberty Braves common stock (each, a "Braves Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the equity awards were granted, such that each Braves Award was exchanged for an option to purchase, or a restricted stock unit with respect to, an equivalent number of shares of the corresponding series of the Issuer's common stock. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

F2 · price: In connection with the Redemption, all equity awards held by the reporting person with respect to Liberty Media's Liberty Braves common stock (each, a "Braves Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the equity awards were granted, such that each Braves Award was exchanged for an option to purchase, or a restricted stock unit with respect to, an equivalent number of shares of the corresponding series of the Issuer's common stock. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

SEC source: 0001225208-23-007603 · doc4.xml · nonDerivative · entry 1

MCGUIRK TERENCE F · CIK 0001232631 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 432,306

F1 · kind: On July 18, 2023, Liberty Media Corporation ("Liberty Media") redeemed (the "Redemption") each share of its Liberty Braves common stock for shares of common stock of Atlanta Braves Holdings, Inc. (the "Issuer"). In the Redemption, Liberty Media redeemed (i) each outstanding share of its Series A Liberty Braves common stock for one share of the Issuer's Series A common stock, (ii) each outstanding share of its Series B Liberty Braves common stock for one share of the Issuer's Series B common stock and (iii) each outstanding share of its Series C Liberty Braves common stock for one share of the Issuer's Series C common stock.

F1 · price: On July 18, 2023, Liberty Media Corporation ("Liberty Media") redeemed (the "Redemption") each share of its Liberty Braves common stock for shares of common stock of Atlanta Braves Holdings, Inc. (the "Issuer"). In the Redemption, Liberty Media redeemed (i) each outstanding share of its Series A Liberty Braves common stock for one share of the Issuer's Series A common stock, (ii) each outstanding share of its Series B Liberty Braves common stock for one share of the Issuer's Series B common stock and (iii) each outstanding share of its Series C Liberty Braves common stock for one share of the Issuer's Series C common stock.