Major WWE name just put all his shares for sale; big change with Vince McMahon also listed worth $776 million - Reports

A big name in WWE just decided to make a big change. According to a recent filing by TKO, he has put up all his TKO shares for sale. This comes after Vince McMahon did the same recently.

Nick Khan is the WWE President and, as such, is a holder of several thousand TKO shares. However, according to a recent filing with TKO, he has listed all his 234,424 shares for sale. That number includes restricted shares that Khan has received.

It should be noted that he listed the shares for sale in September as well but did not sell any stock. He is also still the president. Just because the shares are listed for sale does not mean he will go through with them.

Vince McMahon is also listed as a seller, with his 8.02 million shares up for grabs. This is not the first time he's listed all his shares for sale, having done so in September.

Unlike Khan, though, McMahon has been selling his shares, having sold 8.4 million in November, 5.35 million in March, and 3.5 million shares in April.

While Khan and McMahon have not sold any shares this time yet, the report by Sportico noted that such filing usually results in the sale of the listed shares shortly. It remains to be seen if that happens, and if so, what that means for Nick Khan in the company.

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Vince McMahon is no longer associated with WWE

Since the allegations surfaced against Vince McMahon, the former WWE Chairman has no longer been associated with the company, other than being a major shareholder of TKO.

He stepped down from his position on the TKO board as well.

It remains to be seen how the lawsuit will play out and whether he will sell the rest of his TKO stock.