Andrea Greenberg - Nov 16, 2021 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (SPHR)

Role: President/CEO-MSG Networks
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Andrea Greenberg
Stock symbol: SPHR
Transactions as of: Nov 16, 2021
Transactions value $: -$337,231
Form type: 4
Date filed: 11/18/2021, 04:30 PM
Previous filing: Sep 17, 2021
Next filing: Sep 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+291	+0.65%	$0.00	45.2K	Nov 16, 2021	Direct	F1
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+873	+1.93%	$0.00	46.1K	Nov 16, 2021	Direct	F2
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+952	+2.06%	$0.00	47.1K	Nov 16, 2021	Direct	F3
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+1.43K	+3.04%	$0.00	48.5K	Nov 16, 2021	Direct	F4
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+924	+1.91%	$0.00	49.4K	Nov 16, 2021	Direct	F5
transaction	SPHR	Class A Common Stock	Tax liability	-$337K	-4.47K	-9.04%	$75.46	45K	Nov 16, 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	SPHR	Restricted Stock Units	Options Exercise	$0	-291	-5.02%	$0.00	5.51K	Nov 16, 2021	Class A Common Stock	291		Direct	F1, F6
transaction	SPHR	Restricted Stock Units	Options Exercise	$0	-873	-5.02%	$0.00	16.5K	Nov 16, 2021	Class A Common Stock	873		Direct	F2, F6
transaction	SPHR	Restricted Stock Units	Options Exercise	$0	-952	-5.01%	$0.00	18K	Nov 16, 2021	Class A Common Stock	952		Direct	F3, F6
transaction	SPHR	Restricted Stock Units	Options Exercise	$0	-1.43K	-5.01%	$0.00	27.1K	Nov 16, 2021	Class A Common Stock	1.43K		Direct	F4, F6
transaction	SPHR	Restricted Stock Units	Options Exercise	$0	-924	-5.01%	$0.00	17.5K	Nov 16, 2021	Class A Common Stock	927		Direct	F5, 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, 2019 under the MSG Networks Inc. 2010 Employee Stock Plan, as amended and assumed by the Issuer (the "MSGN 2010 Employee Stock Plan") and represents a right to receive one share of Class A Common Stock of the Issuer ("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.
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. 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 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. The RSUs are scheduled to vest and settle on September 15, 2023.
F5	Each RSU was granted on August 27, 2021 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 are scheduled to vest and settle in three equal installments on September 15, 2022, September 15, 2023 and September 15, 2024.
F6	Represents RSUs of the Issuer withheld to satisfy FICA tax withholding obligations arising in connection with the RSUs described in footnotes 1, 2, 3, 4 and 5 as a result of certain vesting rights contained in the Reporting Person's most recent employment agreement, exempt under Rule 16b-3.