Joel M. Litvin - Jul 9, 2021 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (SPHR)

Role
Director
Signature
/s/ Emma Y. Barnett, Attorney-in-Fact for Joel M. Litvin
Stock symbol
SPHR
Transactions as of
Jul 9, 2021
Transactions value $
$0
Form type
4
Date filed
7/13/2021, 04:40 PM
Next filing
Dec 14, 2021

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 Award +6.61K 6.61K Jul 9, 2021 Class A Common Stock 6.61K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a right to receive one share of Madison Square Garden Entertainment Corp. ("MSGE") Class A Common Stock or the cash equivalent thereof.
F2 Represents MSGE restricted stock units ("MSGE RSUs") acquired as a result of the conversion of MSG Networks Inc. ("MSGN") restricted stock units ("MSGN RSUs") pursuant to the closing of the merger contemplated by the Agreement and Plan of Merger, dated as of March 25, 2021, by and among MSGE, Broadway Sub Inc. and MSGN, a transaction exempt under Rule 16b-3, and calculated based on (x) the total number of shares of MSGN Class A Common Stock subject to such MSGN RSUs, multiplied by (y) 0.172.
F3 The MSGE RSUs are fully vested and will be settled in stock or in cash on the first business day 90 days after service on the MSGE Board of Directors ceases.