Lesane Jamaal T. - 15 Sep 2025 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role: Chief Operating Officer
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Jamaal Lesane
Issuer symbol: MSGS
Transactions as of: 15 Sep 2025
Net transactions value: -$649,937
Form type: 4
Filing time: 17 Sep 2025, 16:15:10 UTC
Previous filing: 25 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Lesane Jamaal T	Chief Operating Officer	TWO PENN PLAZA, NEW YORK	/s/ Mark C. Cresitello, Attorney-in-Fact for Jamaal Lesane	17 Sep 2025	0001918764

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+830	+22%	$0.000000	4,678	15 Sep 2025	Direct	F1
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+842	+18%	$0.000000	5,520	15 Sep 2025	Direct	F2
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+1,248	+23%	$0.000000	6,768	15 Sep 2025	Direct	F3
transaction	MSGS	Class A Common Stock	Tax liability	$340,262	-1,613	-24%	$210.95	5,155	15 Sep 2025	Direct	F4
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+2,655	+52%	$0.000000	7,810	15 Sep 2025	Direct	F5
transaction	MSGS	Class A Common Stock	Tax liability	$309,675	-1,468	-19%	$210.95	6,342	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	-830	-100%	$0.000000	0	15 Sep 2025	Class A Common Stock	830		Direct	F1
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-842	-50%	$0.000000	843	15 Sep 2025	Class A Common Stock	842		Direct	F2
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-1,248	-33%	$0.000000	2,496	15 Sep 2025	Class A Common Stock	1,248		Direct	F3
transaction	MSGS	Performance Restricted Stock Units	Options Exercise	$0	-2,655	-100%	$0.000000	0	15 Sep 2025	Class A Common Stock	2,655		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 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.