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

Role: EVP and CFO
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Michael Grau
Stock symbol: MSGE
Transactions as of: Sep 13, 2024
Transactions value $: -$75,423
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	+1.78K		$0.00	1.78K	Sep 13, 2024	Direct	F1
transaction	MSGE	Class A Common Stock	Options Exercise	$0	+3.42K	+191.97%	$0.00	5.2K	Sep 13, 2024	Direct	F1
transaction	MSGE	Class A Common Stock	Tax liability	-$75.4K	-1.87K	-36.02%	$40.29	3.33K	Sep 13, 2024	Direct	F2

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	-1.78K	-33.33%	$0.00	3.56K	Sep 13, 2024	Class A Common Stock	1.78K		Direct	F1
transaction	MSGE	Restricted Stock Units	Options Exercise	$0	-3.42K	-33.33%	$0.00	6.84K	Sep 13, 2024	Class A Common Stock	3.42K		Direct	F1

* 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 24, 2024 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 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.
F2	Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footone 1 above, exempt under Rule 16b-3.

Content

Each restricted stock unit ("RSU") was granted on April 24, 2024 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 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.

Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footone 1 above, exempt under Rule 16b-3.