Michael Grau - 13 Sep 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
Issuer symbol: MSGE
Transactions as of: 13 Sep 2024
Net transactions value: -$75,423
Form type: 4
Filing time: 17 Sep 2024, 17:00:16 UTC
Previous filing: 29 Aug 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSGE	Class A Common Stock	Options Exercise	$0	+1,780		$0.000000	1,780	13 Sep 2024	Direct	F1
transaction	MSGE	Class A Common Stock	Options Exercise	$0	+3,417	+192%	$0.000000	5,197	13 Sep 2024	Direct	F1
transaction	MSGE	Class A Common Stock	Tax liability	$75,423	-1,872	-36%	$40.29	3,325	13 Sep 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	-1,780	-33%	$0.000000	3,560	13 Sep 2024	Class A Common Stock	1,780		Direct	F1
transaction	MSGE	Restricted Stock Units	Options Exercise	$0	-3,417	-33%	$0.000000	6,835	13 Sep 2024	Class A Common Stock	3,417		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.