Vince McMahon is considering selling up to 8.02 million shares, valued at over $776 million based on the closing price of $96.76 on Friday.
WWE President Nick Khan is also planning to sell all his remaining shares, totaling 234,424, including his accumulated restricted stock units.
Despite these potential sales, Khan will remain in his current position at the company. The filings make these shares eligible for sale, which does not guarantee they will be sold; however, such filings often lead to sales in the corporate world.
This move is part of McMahon’s gradual exit from WWE. Previously, he sold $1.365 billion worth of TKO stock since November.
If he sells all his remaining shares at market value, his total earnings could exceed $2 billion within six months.
