Andrea Greenberg - Jul 9, 2021 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (SPHR)

Role
President/CEO-MSG Networks
Signature
/s/ Emma Y. Barnett, Attorney-in-Fact for Andrea Greenberg
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
Aug 31, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPHR Class A Common Stock Award +29.8K +12381.74% 30.1K Jul 9, 2021 Direct F1

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 +28.5K 28.5K Jul 9, 2021 Class A Common Stock 28.5K Direct F2, F3, F4
transaction SPHR Restricted Stock Units Award +28.5K 28.5K Jul 9, 2021 Class A Common Stock 28.5K Direct F2, F3, F5
transaction SPHR Restricted Stock Units Award +17.4K 17.4K Jul 9, 2021 Class A Common Stock 17.4K Direct F2, F3, F6
transaction SPHR Restricted Stock Units Award +11.6K 11.6K Jul 9, 2021 Class A Common Stock 11.6K Direct F2, F3, F7
transaction SPHR Restricted Stock Units Award +12.3K 12.3K Jul 9, 2021 Class A Common Stock 12.3K Direct F2, F3, F8
transaction SPHR Restricted Stock Units Award +4.11K 4.11K Jul 9, 2021 Class A Common Stock 4.11K Direct F2, F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock of Madison Square Garden Entertainment Corp. ("MSGE") acquired as a result of the conversion of shares of Class A Common Stock of MSG Networks Inc. ("MSGN") 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 (the "Merger"), a transaction exempt under Rule 16b-3, and calculated based on (x) the number of shares of MSGN Class A Common Stock multiplied by (y) 0.172, and rounded up to the nearest whole share. On July 8, 2021 (the day prior to the Merger), the closing price of one share of MSGE Class A Common Stock was $82.28.
F2 Each restricted stock unit represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof.
F3 Represents MSGE restricted stock units ("MSGE RSUs") acquired as a result of the conversion of MGSN restricted stock units ("MSGN RSUs") pursuant to the Merger, a transaction exempt under Rule 16b-3. The MSGE RSUs are calculated based on (x) the total number of shares of MSGN Class A Common Stock subject to such MSGN RSUs (assuming any performance conditions are achieved at 100% of target), multiplied by (y) 0.172.
F4 The MSGE RSUs are scheduled to vest and settle in three equal installments on September 15, 2021, September 15, 2022 and September 15, 2023.
F5 The MSGE RSUs are scheduled to vest and settle on September 15, 2023.
F6 The MSGE RSUs are scheduled to vest and settle on September 15, 2022.
F7 The MSGE RSUs are scheduled to vest and settle in two equal installments on September 15, 2021 and September 15, 2022.
F8 The MSGE RSUs are scheduled to vest and settle on September 15, 2021.