Andrea Greenberg - Sep 15, 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: Sep 15, 2021
Transactions value $: -$1,357,077
Form type: 4
Date filed: 9/17/2021, 04:31 PM
Previous filing: Aug 31, 2021
Next filing: Nov 18, 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	+4.11K	+13.65%	$0.00	34.2K	Sep 15, 2021	Direct	F1
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+5.8K	+16.97%	$0.00	40K	Sep 15, 2021	Direct	F2
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+9.5K	+23.75%	$0.00	49.5K	Sep 15, 2021	Direct	F3
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+12.3K	+24.9%	$0.00	61.8K	Sep 15, 2021	Direct	F4
transaction	SPHR	Class A Common Stock	Tax liability	-$1.36M	-16.9K	-27.27%	$80.51	45K	Sep 15, 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	-4.11K	-100%	$0.00^*	0	Sep 15, 2021	Class A Common Stock	4.11K		Direct	F1
transaction	SPHR	Restricted Stock Units	Options Exercise	$0	-5.8K	-50%	$0.00	5.8K	Sep 15, 2021	Class A Common Stock	5.8K		Direct	F2
transaction	SPHR	Restricted Stock Units	Options Exercise	$0	-9.5K	-33.33%	$0.00	19K	Sep 15, 2021	Class A Common Stock	9.5K		Direct	F3
transaction	SPHR	Restricted Stock Units	Options Exercise	$0	-12.3K	-100%	$0.00^*	0	Sep 15, 2021	Class A Common Stock	12.3K		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.