Andrea Greenberg - 15 Sep 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
Issuer symbol: SPHR
Transactions as of: 15 Sep 2021
Net transactions value: -$1,357,077
Form type: 4
Filing time: 17 Sep 2021, 16:31:26 UTC
Previous filing: 31 Aug 2021
Next filing: 18 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+4,107	+14%	$0.000000	34,188	15 Sep 2021	Direct	F1
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+5,801	+17%	$0.000000	39,989	15 Sep 2021	Direct	F2
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+9,499	+24%	$0.000000	49,488	15 Sep 2021	Direct	F3
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+12,322	+25%	$0.000000	61,810	15 Sep 2021	Direct	F4
transaction	SPHR	Class A Common Stock	Tax liability	$1,357,077	-16,856	-27%	$80.51	44,954	15 Sep 2021	Direct	F5

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	-4,107	-100%	$0.000000^*	0	15 Sep 2021	Class A Common Stock	4,107		Direct	F1
transaction	SPHR	Restricted Stock Units	Options Exercise	$0	-5,801	-50%	$0.000000	5,802	15 Sep 2021	Class A Common Stock	5,801		Direct	F2
transaction	SPHR	Restricted Stock Units	Options Exercise	$0	-9,499	-33%	$0.000000	19,000	15 Sep 2021	Class A Common Stock	9,499		Direct	F3
transaction	SPHR	Restricted Stock Units	Options Exercise	$0	-12,322	-100%	$0.000000^*	0	15 Sep 2021	Class A Common Stock	12,322		Direct	F4

* 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 August 28, 2018 under the MSG Networks Inc. 2010 Employee Stock Plan, as amended (the "MSGN 2010 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, 2019. One-third of the RSUs vested were settled on September 15, 2020. The remaining one-third of the RSUs vested and were settled on September 15, 2021.
F2	Each RSU was granted on August 29, 2019 under the MSGN 2010 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, 2020. One-third of the RSUs vested were settled on September 15, 2021. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2022.
F3	Each RSU was granted on August 26, 2020 under the MSGN 2010 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 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.
F4	Each RSU was granted on August 28, 2018 under the MSGN 2010 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The RSUs vested and were settled on September 15, 2021.
F5	Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.