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

Role
President/CEO-MSG Networks
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Andrea Greenberg
Issuer symbol
SPHR
Transactions as of
27 Mar 2024
Net transactions value
-$173,086
Form type
4/A - Amendment
Filing time
29 Aug 2024, 16:03:02 UTC
Date Of Original Report
29 Mar 2024
Previous filing
12 Mar 2024
Next filing
29 Aug 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 $0 +3,513 +4.6% $0.000000 80,163 27 Mar 2024 Direct F1, F2, F3
transaction SPHR Class A Common Stock Tax liability $173,086 -3,513 -4.4% $49.27 76,650 27 Mar 2024 Direct F1, F3
* 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 footnote 2 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 The original filing inadvertently overstated the number of shares of Class A Common Stock beneficially owned following the reported transaction.