Andrea Greenberg - Mar 27, 2024 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Role
President/CEO-MSG Networks
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Andrea Greenberg
Stock symbol
SPHR
Transactions as of
Mar 27, 2024
Transactions value $
-$173,086
Form type
4
Date filed
3/29/2024, 04:05 PM
Previous filing
Mar 12, 2024
Next filing
Aug 29, 2024
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPHR Class A Common Stock Options Exercise $0 +3.51K +3.96% $0.00 92.3K Mar 27, 2024 Direct F1, F2
transaction SPHR Class A Common Stock Tax liability -$173K -3.51K -3.81% $49.27 88.8K Mar 27, 2024 Direct F1

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 Performance Restricted Stock Units Award +18.4K 18.4K Mar 27, 2024 Class A Common Stock 18.4K Direct F2, F3, F4
transaction SPHR Performance Restricted Stock Units Options Exercise -885 -4.8% 17.5K Mar 27, 2024 Class A Common Stock 885 Direct F1, F2, F3, F4
transaction SPHR Performance Restricted Stock Units Award +20.8K 20.8K Mar 27, 2024 Class A Common Stock 20.8K Direct F2, F5, F6
transaction SPHR Performance Restricted Stock Units Options Exercise -998 -4.8% 19.8K Mar 27, 2024 Class A Common Stock 998 Direct F1, F2, F5, F6
transaction SPHR Performance Restricted Stock Units Award +34K 34K Mar 27, 2024 Class A Common Stock 34K Direct F2, F7, F8
transaction SPHR Performance Restricted Stock Units Options Exercise -1.63K -4.8% 32.3K Mar 27, 2024 Class A Common Stock 1.63K Direct F1, F2, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance restricted stock units ("PSUs") of Sphere Entertainment Co. (the "Issuer") withheld to satisfy FICA tax withholding obligations arising in connection with the PSUs described in footnotes 3, 5 and 7 as a result of certain vesting rights contained in the Reporting Person's employment agreement, exempt under Rule 16b-3.
F2 Each PSU was granted under the MSG Networks Inc. 2010 Employee Stock Plan, as amended and assumed by the Issuer and represents a right to receive one share of the Issuer Class A Common Stock or the cash equivalent thereof.
F3 Represents PSUs granted on August 27, 2021 that are no longer subject to performance-based vesting requirements as a result of the decision by the Compensation Committee of the Board of Directors of the Issuer to deem such PSUs earned at 100% of target.
F4 The PSUs are scheduled to vest and settle on September 15, 2024.
F5 Represents PSUs granted on August 31, 2022 that are no longer subject to performance-based vesting requirements as a result of the decision by the Compensation Committee of the Board of Directors of the Issuer to deem such PSUs earned at 100% of target.
F6 The PSUs are scheduled to vest and settle on September 15, 2025.
F7 Represents PSUs granted on September 1, 2023 that are no longer subject to performance-based vesting requirements as a result of the decision by the Compensation Committee of the Board of Directors of the Issuer to deem such PSUs earned at 100% of target.
F8 The PSUs are scheduled to vest and settle on September 15, 2026.