Elon Musk filed a Form 4 with the Securities Commission and transferred his options into Endeavor Group Holdings, Inc. at 7,583 shares on June 13, 2022.
Endeavor Group Holdings, Inc. Entertainment Content through its Affiliates. She specializes in marketing, licensing, representation and event management.
Elon Musk is on the board of directors of Endeavour. However, Musk informed the company that he would be resigning from its board by June 30, 2022, showing his final submission in Form 4.
“The board has agreed to reduce staff from eight to seven members subject to the effectiveness of Mr. Musk’s resignation,” according to a Securities and Exchange Commission filing earlier this year. He also revealed that Musk’s exit “was not the result of a disagreement with the company over any matter related to its operations, policies or practices.”
Endeavor is listed as a media industry company in the telecommunications sector. Musk’s exit from Endeavor seems timely as he completes his $44 billion acquisition of Twitter. The social media platform appears to be more in line with the Tesla CEO’s media plans.
Elon Musk will participate in a virtual game with his bare hands Meet with Twitter employees This Thursday, June 16. He will answer questions from Twitter employees.
The Tesla CEO previously updated the SEC filing regarding his purchase on Twitter. He said the Twitter deal will be “temporarily suspended” so the social media company can provide data on spam and fake accounts. However, recent reports indicate that Elon Musk will reiterate his desire to own Twitter during his June 16 meeting with company workers.