X0508 4 2023-07-18 0001958140 Atlanta Braves Holdings, Inc. BATRK 0001099636 MAFFEI GREGORY B 12300 LIBERTY BOULEVARD ENGLEWOOD CO 80112 1 1 President, CEO 0 Series A Common Stock 2023-07-18 4 J 0 150687.0000 0 A 150687.0000 D Series B Common Stock 2023-07-18 4 J 0 3669.0000 0 A 3669.0000 D Series C Common Stock 2023-07-18 4 J 0 1050907.0000 0 A 1050907.0000 D Series C Common Stock 2023-07-19 5 J 0 38588.0000 0 A 1089495.0000 D Stock Option (Right to Buy) - BATRK 27.7300 2023-07-18 5 J 0 6908.0000 A 2019-03-06 2026-03-06 Series C Common Stock 6908.0000 6908.0000 D Stock Option (Right to Buy) - BATRK 23.5100 2023-07-18 5 J 0 15283.0000 A 2017-03-30 2024-03-30 Series C Common Stock 15283.0000 15283.0000 D Stock Option (Right to Buy) - BATRK 25.4900 2023-07-18 5 J 0 94859.0000 A 2022-12-30 2029-03-09 Series C Common Stock 94859.0000 94859.0000 D Stock Option (Right to Buy) - BATRK 23.5100 2023-07-18 5 J 0 133594.0000 A 2017-12-31 2024-03-30 Series C Common Stock 133594.0000 133594.0000 D Stock Option (Right to Buy) - BATRK 23.3400 2023-07-18 5 J 0 46052.0000 A 2018-12-31 2025-03-05 Series C Common Stock 46052.0000 46052.0000 D Stock Option (Right to Buy) - BATRK 20.0700 2023-07-18 5 J 0 136528.0000 A 2020-12-31 2027-03-11 Series C Common Stock 136528.0000 136528.0000 D Stock Option (Right to Buy) - BATRK 29.1000 2023-07-18 5 J 0 313342.0000 A 2023-12-31 2026-12-15 Series C Common Stock 313342.0000 313342.0000 D Stock Option (Right to Buy) - BATRK 26.3600 2023-07-18 5 J 0 352224.0000 A 2024-12-31 2027-12-10 Series C Common Stock 352224.0000 352224.0000 D 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. 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. On July 19, 2023, following the Redemption, Liberty Media distributed on a pro rata basis 6,792,903 shares of the Issuer's Series C common stock to holders of Liberty Media's Series A Liberty Formula One common stock, Series B Liberty Formula One common stock and Series C Liberty Formula One common stock following the settlement and extinguishment of an intergroup interest in Liberty Media's Braves Group attributed to Liberty Media's Formula One Group, as described in the Registration Statement on Form S-4 filed by Liberty Media with the Securities and Exchange Commission (File No. 333-268921). In connection with the Redemption, all option 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 option awards were granted, such that each Braves Award was exchanged for an option to purchase 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. /s/ Brittany A. Uthoff as Attorney-in-Fact for Gregory B. Maffei 2023-07-20