James L. Dolan - 13 Sep 2024 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role: Executive Chairman / CEO, Director, Member of 13(d) Group
Signature: /s/ James L. Dolan
Issuer symbol: MSGS
Transactions as of: 13 Sep 2024
Net transactions value: -$3,975,189
Form type: 4
Filing time: 17 Sep 2024, 18:04:26 UTC
Previous filing: 03 Sep 2024
Next filing: 10 Jan 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+3,758	+2.3%	$0.000000	168,341	13 Sep 2024	Direct	F1, F9
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+2,430	+1.4%	$0.000000	170,771	13 Sep 2024	Direct	F2, F9
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+6,375	+3.7%	$0.000000	177,146	13 Sep 2024	Direct	F3, F9
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+5,179	+2.9%	$0.000000	182,325	13 Sep 2024	Direct	F4, F9
transaction	MSGS	Class A Common Stock	Tax liability	$1,854,283	-9,055	-5%	$204.78	173,270	13 Sep 2024	Direct	F5, F9
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+12,322	+7.1%	$0.000000	185,592	13 Sep 2024	Direct	F6, F9
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+7,968	+4.3%	$0.000000	193,560	13 Sep 2024	Direct	F7, F9
transaction	MSGS	Class A Common Stock	Tax liability	$2,120,906	-10,357	-5.4%	$204.78	183,203	13 Sep 2024	Direct	F8, F9
holding	MSGS	Class A Common Stock						10,192	13 Sep 2024	By Spouse	F10
holding	MSGS	Class A Common Stock						491	13 Sep 2024	By Minor Children	F11

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	-3,758	-100%	$0.000000	0	13 Sep 2024	Class A Common Stock	3,758		Direct	F1
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-2,430	-100%	$0.000000	0	13 Sep 2024	Class A Common Stock	2,430		Direct	F2
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-6,375	-50%	$0.000000	6,375	13 Sep 2024	Class A Common Stock	6,375		Direct	F3
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-5,179	-33%	$0.000000	10,358	13 Sep 2024	Class A Common Stock	5,179		Direct	F4
transaction	MSGS	Performance Restricted Stock Units	Options Exercise	$0	-12,322	-100%	$0.000000	0	13 Sep 2024	Class A Common Stock	12,322		Direct	F6
transaction	MSGS	Performance Restricted Stock Units	Options Exercise	$0	-7,968	-100%	$0.000000	0	13 Sep 2024	Class A Common Stock	7,968		Direct	F7

* 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 April 25, 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, 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.
F3	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.
F4	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.
F5	Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vestings of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.
F6	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.
F7	Each PSU was granted on April 25, 2022 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.
F8	Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vestings and settlement of PSUs described in footnotes 6 and 7, exempt under Rule 16b-3.
F9	Includes shares held jointly with spouse.
F10	Securities held directly by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan (other than securities in which he has a direct pecuniary interest) and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F11	Mr. Dolan disclaims beneficial ownership of all securities of the Issuer beneficially owned and deemed to be beneficially owned by his minor children and this filing shall not be deemed an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.