Lawrence J. Burian - 15 Sep 2021 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role
EVP, Corp. Development & GC
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Lawrence J. Burian
Issuer symbol
MSGS
Transactions as of
15 Sep 2021
Net transactions value
-$511,746
Form type
4
Filing time
17 Sep 2021, 16:33:35 UTC
Previous filing
31 Aug 2021
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 +760 +9.2% $0.000000 9,035 15 Sep 2021 Direct F1
transaction MSGS Class A Common Stock Options Exercise $0 +840 +9.3% $0.000000 9,875 15 Sep 2021 Direct F2
transaction MSGS Class A Common Stock Options Exercise $0 +1,457 +15% $0.000000 11,332 15 Sep 2021 Direct F3
transaction MSGS Class A Common Stock Tax liability $292,968 -1,623 -14% $180.51 9,709 15 Sep 2021 Direct F4
transaction MSGS Class A Common Stock Options Exercise $0 +2,280 +23% $0.000000 11,989 15 Sep 2021 Direct F5
transaction MSGS Class A Common Stock Tax liability $218,778 -1,212 -10% $180.51 10,777 15 Sep 2021 Direct F6

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 -760 -100% $0.000000* 0 15 Sep 2021 Class A Common Stock 760 Direct F1
transaction MSGS Restricted Stock Units Options Exercise $0 -840 -50% $0.000000 840 15 Sep 2021 Class A Common Stock 840 Direct F2
transaction MSGS Restricted Stock Units Options Exercise $0 -1,457 -33% $0.000000 2,914 15 Sep 2021 Class A Common Stock 1,457 Direct F3
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -2,280 -100% $0.000000* 0 15 Sep 2021 Class A Common Stock 2,280 Direct F5
* 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 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.
F4 Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, and 3 exempt under Rule 16b-3.
F5 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.
F6 Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnote 5 above, exempt under Rule 16b-3.