Andrea Greenberg - 27 Aug 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
Issuer symbol
SPHR
Transactions as of
27 Aug 2024
Net transactions value
-$67,381
Form type
4
Filing time
29 Aug 2024, 16:05:04 UTC
Previous filing
29 Aug 2024
Next filing
17 Sep 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 +687 +0.9% $0.000000 77,337 27 Aug 2024 Direct F1, F2
transaction SPHR Class A Common Stock Tax liability $33,690 -687 -0.89% $49.04 76,650 27 Aug 2024 Direct F1
transaction SPHR Class A Common Stock Options Exercise $0 +687 +0.9% $0.000000 77,337 27 Aug 2024 Direct F1, F2
transaction SPHR Class A Common Stock Tax liability $33,690 -687 -0.89% $49.04 76,650 27 Aug 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 Restricted Stock Units Award $0 +14,318 $0.000000 14,318 27 Aug 2024 Class A Common Stock 14,318 Direct F2, F3
transaction SPHR Restricted Stock Units Options Exercise $0 -687 -4.8% $0.000000 13,631 27 Aug 2024 Class A Common Stock 687 Direct F1, F2, F3
transaction SPHR Restricted Stock Units Award $0 +14,318 $0.000000 14,318 27 Aug 2024 Class A Common Stock 14,318 Direct F2, F4
transaction SPHR Restricted Stock Units Options Exercise $0 -687 -4.8% $0.000000 13,631 27 Aug 2024 Class A Common Stock 687 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") of Sphere Entertainment Co. ("SPHR") withheld to satisfy FICA tax withholding obligations arising in connection with the RSUs 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 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.
F3 The RSUs are scheduled to vest and settle in three equal installments on September 15, 2025, September 15, 2026 and September 15, 2027.
F4 The RSUs are scheduled to vest and settle on September 15, 2027.