Dwayne “The Rock” Johnson has increased his holdings in TKO Group Holdings, the parent company of WWE and UFC, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). The transaction, detailed in a Form 4, shows Johnson acquiring 8,046 shares of TKO’s Class A Common Stock as part of his compensation package as a member of the company’s Board of Directors.
The SEC filing, dated September 3, 2025, specifies that the transaction occurred on August 31, 2025. The shares were obtained through the vesting of an equal number of restricted stock units (RSUs). Following this acquisition, Johnson now directly owns 354,045 shares of the company. The transaction is listed with a price of $0 per share, as it represents equity compensation rather than a market purchase.
This acquisition is part of a larger stock award granted to Johnson upon joining TKO’s board. According to the filing’s footnotes, Johnson was granted 193,115 RSUs on January 23, 2024. The vesting schedule for this grant stipulated that half of the RSUs would vest on December 31, 2024, with the remaining portion vesting in “four substantially equal monthly installments on the last day of the month through December 31, 2025”. The recent acquisition of 8,046 shares corresponds to one of these monthly installments.
Johnson was appointed to the TKO Board of Directors on January 23, 2024, a move that deepened his ties with the professional wrestling world beyond his legendary in-ring career. His appointment was part of a significant agreement that also granted him full ownership of his trademarked name, “The Rock.” As part of his director compensation, he received an initial stock award valued at approximately $30 million.
A Form 4 is a document that must be filed with the SEC by a company’s insiders—including directors, officers, and shareholders owning more than 10% of the company’s stock—to disclose any changes in their beneficial ownership of the company’s securities. These filings are required within two business days of a transaction and provide transparency into the trading activities of a company’s key personnel. The “M” code on Johnson’s filing signifies the “Exercise or conversion of derivative security,” confirming the conversion of his RSUs into common stock.
