James L. Dolan - 11 Mar 2024 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Role: Executive Chairman and CEO, Director, Member of 13(d) Group
Signature: /s/ James L. Dolan
Issuer symbol: SPHR
Transactions as of: 11 Mar 2024
Net transactions value: +$8,815,260
Form type: 4
Filing time: 13 Mar 2024, 17:58:07 UTC
Previous filing: 08 Mar 2024
Next filing: 29 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPHR	Class A Common Stock	Options Exercise	$8,815,260	+184,150	+29%	$47.87	814,345	11 Mar 2024	Direct	F1, F2
holding	SPHR	Class A Common Stock						14,119	11 Mar 2024	By Spouse	F3
holding	SPHR	Class A Common Stock						746	11 Mar 2024	By Minor Children	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SPHR	Employee Stock Options (Rights to Buy)	Options Exercise	$0	-184,150	-100%	$0.000000^*	0	11 Mar 2024	Class A Common Stock	184,150	$47.87	Direct	F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes shares held jointly with spouse.
F2	Securities held directly by James L. Dolan, Kristin A. Dolan's spouse. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan (other than securities in which she has a direct pecuniary interest) and this report shall not be deemed to be an admission that she is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F3	Securities held directly by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan (other than securities in which he has a direct pecuniary interest) and this report shall not be deemed to be an admission that he is, for purposes of Section 16 or for any other purpose, the beneficial owner ofsuch securities.
F4	Persons disclaim beneficial ownership of all securities of SPHR beneficially owned and deemed to be beneficially owned by their minor children and this report shall not be deemed an admission thatReporting Persons are, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F5	The options were fully vested on the date of the exercise.