David Granville-Smith - Sep 13, 2024 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role
Executive Vice President
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for David Granville-Smith
Stock symbol
MSGS
Transactions as of
Sep 13, 2024
Transactions value $
-$918,848
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 +6.5K $0.00 6.5K Sep 13, 2024 Direct F1
transaction MSGS Class A Common Stock Options Exercise $0 +1.68K +25.9% $0.00 8.19K Sep 13, 2024 Direct F2
transaction MSGS Class A Common Stock Tax liability -$919K -4.49K -54.81% $204.78 3.7K Sep 13, 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 MSGS Restricted Stock Units Options Exercise $0 -6.5K -33.33% $0.00 13K Sep 13, 2024 Class A Common Stock 6.5K Direct F1
transaction MSGS Restricted Stock Units Options Exercise $0 -1.68K -33.33% $0.00 3.37K Sep 13, 2024 Class A Common Stock 1.68K 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 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 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 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.
F3 Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vestings of RSUs described in footnotes 1 and 2 above, exempt under Rule 16b-3.