James L. Dolan - Sep 13, 2024 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Signature
/s/ James L. Dolan
Stock symbol
SPHR
Transactions as of
Sep 13, 2024
Transactions value $
-$3,725,024
Form type
4
Date filed
9/17/2024, 05:00 PM
Previous filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPHR Class A Common Stock Options Exercise $0 +23K +2.82% $0.00 837K Sep 13, 2024 Direct F1, F2, F3
transaction SPHR Class A Common Stock Options Exercise $0 +5.25K +0.63% $0.00 843K Sep 13, 2024 Direct F2, F3, F4
transaction SPHR Class A Common Stock Options Exercise $0 +32.9K +3.91% $0.00 876K Sep 13, 2024 Direct F2, F3, F5
transaction SPHR Class A Common Stock Options Exercise $0 +26.9K +3.07% $0.00 902K Sep 13, 2024 Direct F2, F3, F6
transaction SPHR Class A Common Stock Tax liability -$1.9M -45K -4.98% $42.23 857K Sep 13, 2024 Direct F2, F3, F7
transaction SPHR Class A Common Stock Options Exercise $0 +69K +8.04% $0.00 926K Sep 13, 2024 Direct F2, F3, F8
transaction SPHR Class A Common Stock Options Exercise $0 +15.8K +1.7% $0.00 942K Sep 13, 2024 Direct F2, F3, F9
transaction SPHR Class A Common Stock Tax liability -$1.83M -43.3K -4.59% $42.23 899K Sep 13, 2024 Direct F2, F3, F10
holding SPHR Class A Common Stock 14.1K Sep 13, 2024 By Spouse F11
holding SPHR Class A Common Stock 746 Sep 13, 2024 By Minor Children F12

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 Options Exercise $0 -23K -100% $0.00 0 Sep 13, 2024 Class A Common Stock 23K Direct F1
transaction SPHR Restricted Stock Units Options Exercise $0 -5.25K -100% $0.00 0 Sep 13, 2024 Class A Common Stock 5.25K Direct F4
transaction SPHR Restricted Stock Units Options Exercise $0 -32.9K -50% $0.00 32.9K Sep 13, 2024 Class A Common Stock 32.9K Direct F5
transaction SPHR Restricted Stock Units Options Exercise $0 -26.9K -33.33% $0.00 53.8K Sep 13, 2024 Class A Common Stock 26.9K Direct F6
transaction SPHR Performance Restricted Stock Units Options Exercise $0 -69K -100% $0.00 0 Sep 13, 2024 Class A Common Stock 69K Direct F8
transaction SPHR Performance Restricted Stock Units Options Exercise $0 -15.8K -100% $0.00 0 Sep 13, 2024 Class A Common Stock 15.8K Direct F9
* 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 August 27, 2021 under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended (the "2020 Employee Stock Plan"), and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2022. One-third of the RSUs vested and were settle on September 15, 2023. The remaining one-third of the RSUs vested and were settled on September 13, 2024.
F2 Includes shares held jointly with spouse.
F3 Securities held directly by James L. Dolan, Kristin A. Dolan's spouse, or jointly by James L. Dolan and Kristin A. Dolan. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan (other than securities held jointly with her spouse) and this report shall not be deemed to be an admission that she is, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F4 Each RSU was granted on April 20, 2022 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2022. One-third of the RSUs vested and were settled on September 15, 2023. The remaining one-third of the RSUs vested and were settled on September 13, 2024.
F5 Each RSU was granted on August 31, 2022 under the 2020 Employee Stock Plan and represents a right to receive one share of 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.
F6 Each RSU was granted on September 1, 2023 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 13, 2024. One-third of the RSUs are scheduled to vest and settle on September 15, 2025. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2026.
F7 Represents RSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1, 4, 5 and 6, exempt under Rule 16b-3.
F8 Each performance restricted stock unit ("PSU") was granted on August 27, 2021 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The Compensation Committee of the Board of Directors of SPHR deemed such PSUs earned at 100% of target on March 27, 2024. The PSUs vested and were settled on September 13, 2024.
F9 Each PSU was granted on April 20, 2022 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The Compensation Committee of the Board of Directors of SPHR deemed such PSUs earned at 100% of target on March 27, 2024. The PSUs vested and were settled on September 13, 2024.
F10 Represents PSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnotes 8 and 9, exempt under Rule 16b-3.
F11 Securities held directly by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan (other than securities in which he has a direct pecuniary interest) and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F12 The reporting persons disclaim beneficial ownership of all securities of SPHR beneficially owned and deemed to be beneficially owned by their minor children and this report shall not be deemed an admission that reporting persons are, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.