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.