Andrew Lustgarten - 15 Sep 2021 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role
President & CEO
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Andrew Lustgarten
Issuer symbol
MSGS
Transactions as of
15 Sep 2021
Net transactions value
-$1,238,299
Form type
4
Filing time
17 Sep 2021, 16:31:46 UTC
Previous filing
31 Aug 2021
Next filing
08 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGS Class A Common Stock Options Exercise $0 +1,629 +37% $0.000000 5,992 15 Sep 2021 Direct F1
transaction MSGS Class A Common Stock Options Exercise $0 +1,800 +30% $0.000000 7,792 15 Sep 2021 Direct F2
transaction MSGS Class A Common Stock Options Exercise $0 +212 +2.7% $0.000000 8,004 15 Sep 2021 Direct F3
transaction MSGS Class A Common Stock Options Exercise $0 +3,434 +43% $0.000000 11,438 15 Sep 2021 Direct F4
transaction MSGS Class A Common Stock Tax liability $732,329 -4,057 -35% $180.51 7,381 15 Sep 2021 Direct F5
transaction MSGS Class A Common Stock Options Exercise $0 +4,885 +66% $0.000000 12,266 15 Sep 2021 Direct F6
transaction MSGS Class A Common Stock Tax liability $505,970 -2,803 -23% $180.51 9,463 15 Sep 2021 Direct F7

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 MSGS Restricted Stock Units Options Exercise $0 -1,629 -100% $0.000000* 0 15 Sep 2021 Class A Common Stock 1,629 Direct F1
transaction MSGS Restricted Stock Units Options Exercise $0 -1,800 -50% $0.000000 1,800 15 Sep 2021 Class A Common Stock 1,800 Direct F2
transaction MSGS Restricted Stock Units Options Exercise $0 -212 -50% $0.000000 212 15 Sep 2021 Class A Common Stock 212 Direct F3
transaction MSGS Restricted Stock Units Options Exercise $0 -3,434 -33% $0.000000 6,869 15 Sep 2021 Class A Common Stock 3,434 Direct F4
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -4,885 -100% $0.000000* 0 15 Sep 2021 Class A Common Stock 4,885 Direct F6
* 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 29, 2018 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 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 13, 2019. One-third of the RSUs vested and 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 2015 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 and were settled on September 15, 2021. The remaining one-third of the RSUs will vest on September 15, 2022.
F3 Each RSU was granted on May 19, 2020 under the 2015 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 and were settled on September 15, 2021. The remaining one-third of the RSUs will vest on September 15, 2022.
F4 Each RSU was granted on August 27, 2020 under the 2015 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. One-third of the RSUs will vest on September 15, 2022. The remaining one-third of the RSUs will vest on September 15, 2023.
F5 Represents RSUs of MSGS 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.
F6 Each performance restricted stock unit ("PSU") was granted on August 29, 2018 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 27, 2021 and the PSUs vested and were settled on September 15, 2021.
F7 Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnote 6 above, exempt under Rule 16b-3.