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

Role: Director
Signature: /s/ Brian G. Sweeney
Stock symbol: SPHR
Transactions as of: Jul 9, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/13/2021, 04:44 PM
Previous filing: Jun 21, 2021
Next filing: Dec 10, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPHR	Class A Common Stock	Award		+4.65K	+26.19%		22.4K	Jul 9, 2021	Direct	F1, F2
transaction	SPHR	Class A Common Stock	Award		+3.55K	+51.62%		10.4K	Jul 9, 2021	By Spouse	F1, F3
transaction	SPHR	Class A Common Stock	Award		+1.17K	+51.94%		3.41K	Jul 9, 2021	By Trusts	F1, F4

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		+9.63K	+412.68%		12K	Jul 9, 2021	Class A Common Stock	9.63K		Direct	F2, F5, F6, F7

* 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 next 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	Securities held directly by Brian G. Sweeney, Deborah A. Dolan-Sweeney's spouse. Ms. Dolan-Sweeney disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Sweeney and this report shall not be deemed to be an admission that she is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F3	Securities held directly by Deborah A. Dolan-Sweeney, Brian G. Sweeney's, spouse. Mr. Sweeney disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Deborah A. Dolan-Sweeney and this report shall not deemed to be an admission that he is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F4	Securities held in trusts for which Mr. Sweeney serves as co-trustee. Both he and Ms. Dolan-Sweeney disclaim beneficial ownership of these securities and this report shall not be deemed to be an admission that they are, for the purposes of Section 16 or for any other purpose, the beneficial owners of such securities.
F5	Each restricted stock unit represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof.
F6	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, multiplied by (y) 0.172.
F7	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.