Alexander Shvartsman - 13 Sep 2024 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Alexander Shvartsman
Issuer symbol
MSGS
Transactions as of
13 Sep 2024
Net transactions value
-$154,404
Form type
4
Filing time
17 Sep 2024, 17:00:24 UTC
Previous filing
03 Sep 2024
Next filing
25 Aug 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGS Class A Common Stock Options Exercise $0 +345 +10% $0.000000 3,684 13 Sep 2024 Direct F1
transaction MSGS Class A Common Stock Options Exercise $0 +342 +9.3% $0.000000 4,026 13 Sep 2024 Direct F2
transaction MSGS Class A Common Stock Options Exercise $0 +278 +6.9% $0.000000 4,304 13 Sep 2024 Direct F3
transaction MSGS Class A Common Stock Tax liability $71,059 -347 -8.1% $204.78 3,957 13 Sep 2024 Direct F4
transaction MSGS Class A Common Stock Options Exercise $0 +1,131 +29% $0.000000 5,088 13 Sep 2024 Direct F5
transaction MSGS Class A Common Stock Tax liability $83,345 -407 -8% $204.78 4,681 13 Sep 2024 Direct F6

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 MSGS Restricted Stock Units Options Exercise $0 -345 -100% $0.000000 0 13 Sep 2024 Class A Common Stock 345 Direct F1
transaction MSGS Restricted Stock Units Options Exercise $0 -342 -50% $0.000000 343 13 Sep 2024 Class A Common Stock 342 Direct F2
transaction MSGS Restricted Stock Units Options Exercise $0 -278 -33% $0.000000 556 13 Sep 2024 Class A Common Stock 278 Direct F3
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -1,131 -100% $0.000000 0 13 Sep 2024 Class A Common Stock 1,131 Direct F5
* 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 19, 2021 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 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 settled 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 29, 2022 under the 2015 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 August 28, 2023 under the 2015 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 Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vestings of RSUs described in footnotes 1, 2, and 3, exempt under Rule 16b-3.
F5 Each performance restriced stock unit ("PSU") was granted on August 19, 2021 under the Madison Square Garden Sports Corp. 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 29, 2024 and the PSUs vested and were settled on September 13, 2024.
F6 Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vestings and settlement of PSUs described in footnote 5, exempt under Rule 16b-3.