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

Role: SVP, Controller & PAO
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Alexander Shvartsman
Stock symbol: MSGS
Transactions as of: Sep 13, 2024
Transactions value $: -$154,404
Form type: 4
Date filed: 9/17/2024, 05:00 PM
Previous filing: Sep 3, 2024

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	+10.33%	$0.00	3.68K	Sep 13, 2024	Direct	F1
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+342	+9.28%	$0.00	4.03K	Sep 13, 2024	Direct	F2
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+278	+6.91%	$0.00	4.3K	Sep 13, 2024	Direct	F3
transaction	MSGS	Class A Common Stock	Tax liability	-$71.1K	-347	-8.06%	$204.78	3.96K	Sep 13, 2024	Direct	F4
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+1.13K	+28.58%	$0.00	5.09K	Sep 13, 2024	Direct	F5
transaction	MSGS	Class A Common Stock	Tax liability	-$83.3K	-407	-8%	$204.78	4.68K	Sep 13, 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%	$0.00	0	Sep 13, 2024	Class A Common Stock	345		Direct	F1
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-342	-49.93%	$0.00	343	Sep 13, 2024	Class A Common Stock	342		Direct	F2
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-278	-33.33%	$0.00	556	Sep 13, 2024	Class A Common Stock	278		Direct	F3
transaction	MSGS	Performance Restricted Stock Units	Options Exercise	$0	-1.13K	-100%	$0.00	0	Sep 13, 2024	Class A Common Stock	1.13K		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.