Ryan Dolan - Sep 13, 2024 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role
Director
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Ryan Dolan
Stock symbol
MSGE
Transactions as of
Sep 13, 2024
Transactions value $
-$10,717
Form type
4
Date filed
9/17/2024, 05:00 PM
Previous filing
Aug 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGE Class A Common Stock Options Exercise $0 +146 +8.79% $0.00 1.81K Sep 13, 2024 Direct F1
transaction MSGE Class A Common Stock Options Exercise $0 +165 +9.13% $0.00 1.97K Sep 13, 2024 Direct F2
transaction MSGE Class A Common Stock Tax liability -$4.43K -110 -5.58% $40.29 1.86K Sep 13, 2024 Direct F3
transaction MSGE Class A Common Stock Options Exercise $0 +438 +23.52% $0.00 2.3K Sep 13, 2024 Direct F4
transaction MSGE Class A Common Stock Tax liability -$6.29K -156 -6.78% $40.29 2.14K Sep 13, 2024 Direct F5

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 MSGE Restricted Stock Units Options Exercise $0 -146 -100% $0.00 0 Sep 13, 2024 Class A Common Stock 146 Direct F1
transaction MSGE Restricted Stock Units Options Exercise $0 -165 -50% $0.00 165 Sep 13, 2024 Class A Common Stock 165 Direct F2
transaction MSGE Performance Restricted Stock Units Options Exercise $0 -438 -100% $0.00 0 Sep 13, 2024 Class A Common Stock 438 Direct F4
* 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") was granted on April 20, 2023 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Employee Stock Plan (the "2023 Employee Stock Plan") in respect of an RSU granted by Shere Entertainment Co. ("SPHR") on August 27, 2021, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-half of the RSUs vested and were settled on September 15, 2023. The remaining one-half of the RSUs vested and were settled on September 13, 2024.
F2 Each RSU was granted on April 20, 2023 under the 2023 Employee Stock Plan in repect of an RSU gratned by SPHR on August 31, 2022, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2023. One-third of the RSUs vested and were settled on September 13, 2024. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2025.
F3 Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1 and 2 above, exempt under Rule 16b-3.
F4 Each performance restricted stock unit ("PSU") was granted on April 20, 2023 under the 2023 Employee Stock Plan in respect of an RSU granted by SPHR on August 27, 2021, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 27, 2024 and the PSUs vested and were settled on September 13, 2024.
F5 Represents PSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnote 4 above, exempt under Rule 16b-3.