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

Role: Director
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Ryan Dolan
Issuer symbol: SPHR
Transactions as of: 13 Sep 2024
Net transactions value: -$19,384
Form type: 4
Filing time: 17 Sep 2024, 17:00:18 UTC
Previous filing: 29 Aug 2024
Next filing: 06 Dec 2024
SEC: View on sec.gov

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	+8.8%	$0.000000	1,807	13 Sep 2024	Direct	F1
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+165	+9.1%	$0.000000	1,972	13 Sep 2024	Direct	F2
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+269	+14%	$0.000000	2,241	13 Sep 2024	Direct	F3
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+275	+12%	$0.000000	2,516	13 Sep 2024	Direct	F4
transaction	SPHR	Class A Common Stock	Tax liability	$12,796	-303	-12%	$42.23	2,213	13 Sep 2024	Direct	F5
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+438	+20%	$0.000000	2,651	13 Sep 2024	Direct	F6
transaction	SPHR	Class A Common Stock	Tax liability	$6,588	-156	-5.9%	$42.23	2,495	13 Sep 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%	$0.000000	0	13 Sep 2024	Class A Common Stock	146		Direct	F1
transaction	SPHR	Restricted Stock Units	Options Exercise	$0	-165	-50%	$0.000000	165	13 Sep 2024	Class A Common Stock	165		Direct	F2
transaction	SPHR	Restricted Stock Units	Options Exercise	$0	-269	-33%	$0.000000	538	13 Sep 2024	Class A Common Stock	269		Direct	F3
transaction	SPHR	Restricted Stock Units	Options Exercise	$0	-275	-33%	$0.000000	550	13 Sep 2024	Class A Common Stock	275		Direct	F4
transaction	SPHR	Performance Restricted Stock Units	Options Exercise	$0	-438	-100%	$0.000000	0	13 Sep 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.