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

Signature
/s/ James L. Dolan
Stock symbol
MSGS
Transactions as of
Sep 13, 2024
Transactions value $
-$3,975,189
Form type
4
Date filed
9/17/2024, 06:04 PM
Previous filing
Sep 3, 2024
Next filing
Jan 10, 2025

Transactions Table

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 -3.76K -100% $0.00 0 Sep 13, 2024 Class A Common Stock 3.76K Direct F1
transaction MSGS Restricted Stock Units Options Exercise $0 -2.43K -100% $0.00 0 Sep 13, 2024 Class A Common Stock 2.43K Direct F2
transaction MSGS Restricted Stock Units Options Exercise $0 -6.38K -50% $0.00 6.38K Sep 13, 2024 Class A Common Stock 6.38K Direct F3
transaction MSGS Restricted Stock Units Options Exercise $0 -5.18K -33.33% $0.00 10.4K Sep 13, 2024 Class A Common Stock 5.18K Direct F4
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -12.3K -100% $0.00 0 Sep 13, 2024 Class A Common Stock 12.3K Direct F6
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -7.97K -100% $0.00 0 Sep 13, 2024 Class A Common Stock 7.97K 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.