Jennifer Koester - Apr 22, 2024 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Role: President-Sphere Business Ops.
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Jennifer Koester
Stock symbol: SPHR
Transactions as of: Apr 22, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/24/2024, 04:15 PM
Previous filing: Feb 7, 2024
Next filing: Aug 29, 2024

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	Restricted Stock Units	Award	$0	+56.5K		$0.00	56.5K	Apr 22, 2024	Class A Common Stock	56.5K		Direct	F1, F2
transaction	SPHR	Performance Restricted Stock Units	Award	$0	+20.5K		$0.00	20.5K	Apr 22, 2024	Class A Common Stock	20.5K		Direct	F3, F4, F5

Showing 1 to 2 of 2 entries

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
F2	The RSUs will vest and settle in three equal installments on September 15, 2024, September 15, 2025 and September 15, 2026.
F3	Each performance restricted stock unit ("PSU") represents a right to receive one share of Sphere Entertainment Co. (the "Issuer") Class A Common Stock or the cash equivalent thereof.
F4	Represents PSUs granted on April 22, 2024 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 performance achieved at 100% of target.
F5	The PSUs are scheduled to vest and settle on September 15, 2026.