David J. Collins - 15 Sep 2025 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role: EVP and CFO
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for David J. Collins
Issuer symbol: MSGE
Transactions as of: 15 Sep 2025
Net transactions value: -$75,709
Form type: 4
Filing time: 17 Sep 2025, 16:15:17 UTC
Previous filing: 27 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Collins David J	EVP and CFO	2 PENNSYLVANIA PLAZA, NEW YORK	/s/ Mark C. Cresitello, Attorney-in-Fact for David J. Collins	17 Sep 2025	0001335787

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSGE	Class A Common Stock	Options Exercise	$0	+4,781		$0.000000	4,781	15 Sep 2025	Direct	F1
transaction	MSGE	Class A Common Stock	Tax liability	$75,709	-1,723	-36%	$43.94	3,058	15 Sep 2025	Direct	F2

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	MSGE	Restricted Stock Units	Options Exercise	$0	-4,781	-33%	$0.000000	9,564	15 Sep 2025	Class A Common Stock	4,781		Direct	F1

* 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 April 24, 2025 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 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.
F2	Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footone 1 above, exempt under Rule 16b-3.

Content

Each restricted stock unit ("RSU") was granted on April 24, 2025 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 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.

Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footone 1 above, exempt under Rule 16b-3.