James L. Dolan - Sep 15, 2025 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Role
Executive Chairman and CEO, Director, Member of 13(d) Group, 10%+ Owner
Signature
/s/ James L. Dolan
Stock symbol
SPHR
Transactions as of
Sep 15, 2025
Transactions value $
-$4,764,538
Form type
4
Date filed
9/17/2025, 04:05 PM
Previous filing
Sep 10, 2025
SEC
View on sec.gov

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
DOLAN JAMES LAWRENCE Executive Chairman and CEO, Director, Member of 13(d) Group, 10%+ Owner TWO PENNSYLVANIA PLAZA, NEW YORK /s/ James L. Dolan 2025-09-17 0000933028
Dolan Kristin A Director, 10%+ Owner TWO PENNSYLVANIA PLAZA, NEW YORK /s/ Mark C. Cresitello, Attorney-in-Fact for Kristin A. Dolan 2025-09-17 0001480991

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPHR Class A Common Stock Options Exercise $0 +32.9K +3.66% $0.00 932K Sep 15, 2025 Direct F1, F2, F3
transaction SPHR Class A Common Stock Options Exercise $0 +26.9K +2.89% $0.00 959K Sep 15, 2025 Direct F2, F3, F4
transaction SPHR Class A Common Stock Tax liability -$1.84M -30.5K -3.18% $60.29 928K Sep 15, 2025 Direct F2, F3, F5
transaction SPHR Class A Common Stock Options Exercise $0 +98.8K +10.64% $0.00 1.03M Sep 15, 2025 Direct F2, F3, F6
transaction SPHR Class A Common Stock Tax liability -$2.92M -48.5K -4.72% $60.29 978K Sep 15, 2025 Direct F2, F3, F7
holding SPHR Class A Common Stock 14.1K Sep 15, 2025 By Spouse F8
holding SPHR Class A Common Stock 746 Sep 15, 2025 By Minor Children and Household Members F9

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 -32.9K -100% $0.00 0 Sep 15, 2025 Class A Common Stock 32.9K Direct F1
transaction SPHR Restricted Stock Units Options Exercise $0 -26.9K -50% $0.00 26.9K Sep 15, 2025 Class A Common Stock 26.9K Direct F4
transaction SPHR Performance Restricted Stock Units Options Exercise $0 -98.8K -100% $0.00 0 Sep 15, 2025 Class A Common Stock 98.8K 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 Includes shares held jointly with spouse.
F3 Securities held directly by James L. Dolan, Kristin A. Dolan's spouse, or jointly by James L. Dolan and Kristin A. Dolan. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan (other than securities held jointly with her spouse) and this report shall not be deemed to be an admission that she is, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F4 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.
F5 Represents RSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1 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.
F8 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.
F9 The reporting persons disclaim beneficial ownership of all securities of SPHR beneficially owned and deemed to be beneficially owned by their minor children and household members and this report shall not be deemed an admission that reporting persons are, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.