Atlanta Braves Holdings, Inc.

Atlanta Braves Holdings, Inc. Series A Common Stock represents ownership in a holding company that, through its wholly-owned subsidiary Braves Holdings, LLC, indirectly owns the Atlanta Braves Major League Baseball club and the mixed-use development project known as The Battery Atlanta. This stock class carries one vote per share and provides economic exposure equivalent to other share classes to the company's assets and liabilities, including the baseball franchise operations at Truist Park and the surrounding real estate development. The company operates in two primary segments: Baseball, which encompasses ticket sales, concessions, local broadcasting rights, advertising sponsorships, suites and premium seat fees, retail, licensing, and shared Major League Baseball revenue streams such as national broadcasting rights; and Mixed-Use Development, focused on the entertainment and commercial properties at The Battery Atlanta. Series A Common Stock is not exchangeable for other classes, distinguishing it from Series B shares. Incorporated in 2022 and headquartered in Atlanta, Georgia, Atlanta Braves Holdings, Inc. Series A Common Stock plays a role in the sports entertainment and real estate sectors by linking investors to professional baseball and integrated development activities.