Alexander Shvartsman - 15 Sep 2025 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role: SVP, Controller & PAO
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Alexander Shvartsman
Issuer symbol: MSGS
Transactions as of: 15 Sep 2025
Net transactions value: -$151,040
Form type: 4
Filing time: 17 Sep 2025, 16:15:06 UTC
Previous filing: 25 Aug 2025
Next filing: 26 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Shvartsman Alexander	SVP, Controller & PAO	TWO PENN PLAZA, NEW YORK	/s/ Mark C. Cresitello, Attorney-in-Fact for Alexander Shvartsman	17 Sep 2025	0001807015

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+343	+7.3%	$0.000000	5,024	15 Sep 2025	Direct	F1
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+278	+5.5%	$0.000000	5,302	15 Sep 2025	Direct	F2
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+274	+5.2%	$0.000000	5,576	15 Sep 2025	Direct	F3
transaction	MSGS	Class A Common Stock	Tax liability	$67,715	-321	-5.8%	$210.95	5,255	15 Sep 2025	Direct	F4
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+1,096	+21%	$0.000000	6,351	15 Sep 2025	Direct	F5
transaction	MSGS	Class A Common Stock	Tax liability	$83,325	-395	-6.2%	$210.95	5,956	15 Sep 2025	Direct	F6

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	-343	-100%	$0.000000	0	15 Sep 2025	Class A Common Stock	343		Direct	F1
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-278	-50%	$0.000000	278	15 Sep 2025	Class A Common Stock	278		Direct	F2
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-274	-33%	$0.000000	550	15 Sep 2025	Class A Common Stock	274		Direct	F3
transaction	MSGS	Performance Restricted Stock Units	Options Exercise	$0	-1,096	-100%	$0.000000	0	15 Sep 2025	Class A Common Stock	1,096		Direct	F5

* 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 29, 2022 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, 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 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 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 August 29, 2024 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, 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.
F4	Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2 and 3, exempt under Rule 16b-3.
F5	Each performance restriced stock unit ("PSU") was granted on August 29, 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 21, 2025 and the PSUs vested and were settled on September 15, 2025.
F6	Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnote 5 above, exempt under Rule 16b-3.