Ryan T. Dolan - Sep 15, 2021 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (SPHR)

Role
Director
Signature
/s/ Emma Y. Barnett, Attorney-in-Fact for Ryan T. Dolan
Stock symbol
SPHR
Transactions as of
Sep 15, 2021
Transactions value $
-$6,119
Form type
4
Date filed
9/17/2021, 04:30 PM
Previous filing
Aug 31, 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 Options Exercise $0 +36 +5.27% $0.00 719 Sep 15, 2021 Direct F1
transaction SPHR Class A Common Stock Options Exercise $0 +145 +20.17% $0.00 864 Sep 15, 2021 Direct F2
transaction SPHR Class A Common Stock Tax liability -$6.12K -76 -8.8% $80.51 788 Sep 15, 2021 Direct F3

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 Options Exercise $0 -36 -50% $0.00 36 Sep 15, 2021 Class A Common Stock 36 Direct F1
transaction SPHR Restricted Stock Units Options Exercise $0 -145 -33.33% $0.00 290 Sep 15, 2021 Class A Common Stock 145 Direct F2
* 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 17, 2020 under the Madison Square Garden Entertainment Corp. ("MSGE") 2020 Employee Stock Plan ("the "2020 Employee Stock Plan") in respect of an RSU granted by Madison Square Garden Sports Corp. on August 29, 2019 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, 2020. One-third of the RSUs vested and were settled on September 15, 2021. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2022.
F2 Each RSU was granted on August 25, 2020 under the 2020 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, 2021. The remaining two-thirds of the RSUs are scheduled to vest and settle in two equal installments on September 15, 2022 and September 15, 2023.
F3 Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1 and 2, exempt under Rule 16b-3.