David Granville-Smith - 13 Sep 2024 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Role
Executive Vice President
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for David Granville-Smith
Issuer symbol
SPHR
Transactions as of
13 Sep 2024
Net transactions value
-$1,270,870
Form type
4
Filing time
17 Sep 2024, 17:00:30 UTC
Previous filing
03 Sep 2024
Next filing
14 Mar 2025
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 +46,741 $0.000000 46,741 13 Sep 2024 Direct F1
transaction SPHR Class A Common Stock Options Exercise $0 +8,965 +19% $0.000000 55,706 13 Sep 2024 Direct F2
transaction SPHR Class A Common Stock Tax liability $1,270,870 -30,094 -54% $42.23 25,612 13 Sep 2024 Direct F3

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 -46,741 -33% $0.000000 93,484 13 Sep 2024 Class A Common Stock 46,741 Direct F1
transaction SPHR Restricted Stock Units Options Exercise $0 -8,965 -33% $0.000000 17,932 13 Sep 2024 Class A Common Stock 8,965 Direct F2
* 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 June 15, 2023 under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended, 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 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.
F3 Represents RSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1 and 2, exempt under Rule 16b-3.