Philip Gerard D'Ambrosio - 13 Sep 2024 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role: EVP and Treasurer
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Philip D'Ambrosio
Issuer symbol: MSGE
Transactions as of: 13 Sep 2024
Net transactions value: -$373,367
Form type: 4
Filing time: 17 Sep 2024, 17:00:23 UTC
Previous filing: 29 Aug 2024
Next filing: 02 Oct 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	+2,434	+29%	$0.000000	10,719	13 Sep 2024	Direct	F1
transaction	MSGE	Class A Common Stock	Options Exercise	$0	+2,743	+26%	$0.000000	13,462	13 Sep 2024	Direct	F2
transaction	MSGE	Class A Common Stock	Options Exercise	$0	+259	+1.9%	$0.000000	13,721	13 Sep 2024	Direct	F3
transaction	MSGE	Class A Common Stock	Options Exercise	$0	+6,226	+45%	$0.000000	19,947	13 Sep 2024	Direct	F4
transaction	MSGE	Class A Common Stock	Tax liability	$239,806	-5,952	-30%	$40.29	13,995	13 Sep 2024	Direct	F5
transaction	MSGE	Class A Common Stock	Options Exercise	$0	+7,512	+54%	$0.000000	21,507	13 Sep 2024	Direct	F6
transaction	MSGE	Class A Common Stock	Tax liability	$133,561	-3,315	-15%	$40.29	18,192	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	MSGE	Restricted Stock Units	Options Exercise	$0	-2,434	-100%	$0.000000	0	13 Sep 2024	Class A Common Stock	2,434		Direct	F1
transaction	MSGE	Restricted Stock Units	Options Exercise	$0	-2,743	-50%	$0.000000	2,744	13 Sep 2024	Class A Common Stock	2,743		Direct	F2
transaction	MSGE	Restricted Stock Units	Options Exercise	$0	-259	-50%	$0.000000	259	13 Sep 2024	Class A Common Stock	259		Direct	F3
transaction	MSGE	Restricted Stock Units	Options Exercise	$0	-6,226	-33%	$0.000000	12,454	13 Sep 2024	Class A Common Stock	6,226		Direct	F3, F4
transaction	MSGE	Performance Restricted Stock Units	Options Exercise	$0	-7,512	-100%	$0.000000	0	13 Sep 2024	Class A Common Stock	7,512		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 April 20, 2023 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Employee Stock Plan (the "2023 Employee Stock Plan") in respect of an RSU granted by Sphere Entertainment Co. ("SPHR") on August 27, 2021, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-half of the RSUs vested and were settled on September 15, 2023. The remaning one-half of the RSUs vested and were settled on September 13, 2024.
F2	Each RSU was granted on April 20, 2023 under the 2023 Employee Stock Plan in respect of an RSU granted by SPHR on August 31, 2022, and represents a right to receive one share of MSGE 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 May 31, 2023 under the 2023 Employee Stock Plan and represents a right to receive one share of MSGE 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.
F4	Each RSU was granted on September 1, 2023 under the 2023 Employee Stock Plan and represents a right to receive one share of MSGE 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 MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footones 1, 2, 3 and 4 above, exempt under Rule 16b-3.
F6	Each performance restricted stock unit ("PSU") was granted on April 20, 2023 under the 2023 Employee Stock Plan in respect of PSUs granted by SPHR on August 27, 2021, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 27, 2024 and the PSUs vested and were settled on September 13, 2024.
F7	Represents PSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footone 6 above, exempt under Rule 16b-3.