James L. Dolan - 15 Sep 2025 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role
Executive Chairman / CEO, Director, Member of 13(d) Group
Signature
/s/ James L. Dolan
Issuer symbol
MSGS
Transactions as of
15 Sep 2025
Net transactions value
-$4,484,797
Form type
4
Filing time
17 Sep 2025, 16:15:04 UTC
Previous filing
10 Sep 2025
Next filing
19 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
DOLAN JAMES LAWRENCE Executive Chairman / CEO, Director, Member of 13(d) Group TWO PENN PLAZA, NEW YORK /s/ James L. Dolan 17 Sep 2025 0000933028

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGS Class A Common Stock Options Exercise $0 +6,375 +3.7% $0.000000 179,215 15 Sep 2025 Direct F1, F2
transaction MSGS Class A Common Stock Options Exercise $0 +5,179 +2.9% $0.000000 184,394 15 Sep 2025 Direct F2, F3
transaction MSGS Class A Common Stock Options Exercise $0 +6,488 +3.5% $0.000000 190,882 15 Sep 2025 Direct F2, F4
transaction MSGS Class A Common Stock Tax liability $2,104,226 -9,975 -5.2% $210.95 180,907 15 Sep 2025 Direct F2, F5
transaction MSGS Class A Common Stock Options Exercise $0 +20,407 +11% $0.000000 201,314 15 Sep 2025 Direct F2, F6
transaction MSGS Class A Common Stock Tax liability $2,380,571 -11,285 -5.6% $210.95 190,029 15 Sep 2025 Direct F2, F7
holding MSGS Class A Common Stock 5,011 15 Sep 2025 By Spouse F8
holding MSGS Class A Common Stock 491 15 Sep 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 MSGS Restricted Stock Units Options Exercise $0 -6,375 -100% $0.000000 0 15 Sep 2025 Class A Common Stock 6,375 Direct F1
transaction MSGS Restricted Stock Units Options Exercise $0 -5,179 -50% $0.000000 5,179 15 Sep 2025 Class A Common Stock 5,179 Direct F3
transaction MSGS Restricted Stock Units Options Exercise $0 -6,488 -33% $0.000000 12,976 15 Sep 2025 Class A Common Stock 6,488 Direct F4
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -20,407 -100% $0.000000 0 15 Sep 2025 Class A Common Stock 20,407 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 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 Includes shares held jointly with spouse.
F3 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.
F4 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.
F5 Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 3 and 4, exempt under Rule 16b-3.
F6 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.
F7 Represents PSUs of MSGS 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 Mr. Dolan disclaims beneficial ownership of all securities of MSGS beneficially owned and deemed to be beneficially owned by his minor children and household members 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.