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

Role
Director
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Ryan Dolan
Stock symbol
SPHR
Transactions as of
Sep 13, 2024
Transactions value $
-$19,384
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 SPHR Class A Common Stock Options Exercise $0 +146 +8.79% $0.00 1.81K Sep 13, 2024 Direct F1
transaction SPHR Class A Common Stock Options Exercise $0 +165 +9.13% $0.00 1.97K Sep 13, 2024 Direct F2
transaction SPHR Class A Common Stock Options Exercise $0 +269 +13.64% $0.00 2.24K Sep 13, 2024 Direct F3
transaction SPHR Class A Common Stock Options Exercise $0 +275 +12.27% $0.00 2.52K Sep 13, 2024 Direct F4
transaction SPHR Class A Common Stock Tax liability -$12.8K -303 -12.04% $42.23 2.21K Sep 13, 2024 Direct F5
transaction SPHR Class A Common Stock Options Exercise $0 +438 +19.79% $0.00 2.65K Sep 13, 2024 Direct F6
transaction SPHR Class A Common Stock Tax liability -$6.59K -156 -5.88% $42.23 2.5K Sep 13, 2024 Direct F7

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 -146 -100% $0.00 0 Sep 13, 2024 Class A Common Stock 146 Direct F1
transaction SPHR Restricted Stock Units Options Exercise $0 -165 -50% $0.00 165 Sep 13, 2024 Class A Common Stock 165 Direct F2
transaction SPHR Restricted Stock Units Options Exercise $0 -269 -33.33% $0.00 538 Sep 13, 2024 Class A Common Stock 269 Direct F3
transaction SPHR Restricted Stock Units Options Exercise $0 -275 -33.33% $0.00 550 Sep 13, 2024 Class A Common Stock 275 Direct F4
transaction SPHR Performance Restricted Stock Units Options Exercise $0 -438 -100% $0.00 0 Sep 13, 2024 Class A Common Stock 438 Direct F6
* 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 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.
F3 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.
F4 Each RSU was granted on April 22, 2024 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.
F5 Represents RSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.
F6 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.
F7 Represents PSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnote 6, exempt under Rule 16b-3.