Ryan Thomas Dolan - 15 Sep 2025 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Role
Director
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Ryan Dolan
Issuer symbol
SPHR
Transactions as of
15 Sep 2025
Net transactions value
-$32,737
Form type
4
Filing time
17 Sep 2025, 16:05:08 UTC
Previous filing
14 Mar 2025
Next filing
21 Oct 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Dolan Ryan Thomas Director TWO PENNSYLVANIA PLAZA, NEW YORK /s/ Mark C. Cresitello, Attorney-in-Fact for Ryan Dolan 17 Sep 2025 0001794486

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPHR Class A Common Stock Options Exercise $0 +165 +6.6% $0.000000 2,660 15 Sep 2025 Direct F1
transaction SPHR Class A Common Stock Options Exercise $0 +269 +10% $0.000000 2,929 15 Sep 2025 Direct F2
transaction SPHR Class A Common Stock Options Exercise $0 +275 +9.4% $0.000000 3,204 15 Sep 2025 Direct F3
transaction SPHR Class A Common Stock Options Exercise $0 +321 +10% $0.000000 3,525 15 Sep 2025 Direct F4
transaction SPHR Class A Common Stock Tax liability $22,126 -367 -10% $60.29 3,158 15 Sep 2025 Direct F5
transaction SPHR Class A Common Stock Options Exercise $0 +494 +16% $0.000000 3,652 15 Sep 2025 Direct F6
transaction SPHR Class A Common Stock Tax liability $10,611 -176 -4.8% $60.29 3,476 15 Sep 2025 Direct F7

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 SPHR Restricted Stock Units Options Exercise $0 -165 -100% $0.000000 0 15 Sep 2025 Class A Common Stock 165 Direct F1
transaction SPHR Restricted Stock Units Options Exercise $0 -269 -50% $0.000000 269 15 Sep 2025 Class A Common Stock 269 Direct F2
transaction SPHR Restricted Stock Units Options Exercise $0 -275 -50% $0.000000 275 15 Sep 2025 Class A Common Stock 275 Direct F3
transaction SPHR Restricted Stock Units Options Exercise $0 -321 -33% $0.000000 643 15 Sep 2025 Class A Common Stock 321 Direct F4
transaction SPHR Performance Restricted Stock Units Options Exercise $0 -494 -100% $0.000000 0 15 Sep 2025 Class A Common Stock 494 Direct F6
* 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 31, 2022 under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended (the "2020 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 vested and were settled on September 15, 2025.
F2 Each RSU was granted on September 1, 2023 under the 2020 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 vested and were settled on September 15, 2025. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2026.
F3 Each RSU was granted on April 22, 2024 under the 2020 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 vested and were settled on September 15, 2025. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2026.
F4 Each RSU was granted on August 27, 2024 under the 2020 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, 2025. One-third of the RSUs are scheduled to vest and settle on September 15, 2026. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2027.
F5 Represents RSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.
F6 Each performance restricted stock unit ("PSU") was granted on August 31, 2022 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The Compensation Committee of the Board of Directors of SPHR deemed such PSUs earned at 100% of target on March 27, 2024. The PSUs vested and were settled on September 15, 2025.
F7 Represents PSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnote 6, exempt under Rule 16b-3.