Andrea Greenberg - 31 Aug 2022 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
Issuer symbol
SPHR
Transactions as of
31 Aug 2022
Net transactions value
-$60,699
Form type
4
Filing time
02 Sep 2022, 16:15:50 UTC
Previous filing
18 Nov 2021
Next filing
19 Sep 2022
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 +999 +2.2% $0.000000 45,953 31 Aug 2022 Direct F1, F2
transaction SPHR Class A Common Stock Tax liability $60,699 -999 -2.2% $60.76 44,954 31 Aug 2022 Direct F1

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 Award $0 +20,779 $0.000000 20,779 31 Aug 2022 Class A Common Stock 20,779 Direct F2
transaction SPHR Restricted Stock Units Options Exercise $0 -999 -4.8% $0.000000 19,780 31 Aug 2022 Class A Common Stock 999 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") of Madison Square Garden Entertainment Corp. ("MSGE") withheld to satisfy FICA tax withholding obligations arising in connection with the RSUs described in footnote 2 as a result of certain vesting rights contained in the Reporting Person's employment agreement, exempt under Rule 16b-3.
F2 Each RSU is granted under the MSG Networks Inc. 2010 Employee Stock Plan, as amended and assumed by MSGE, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. The RSUs are scheduled to vest and settle in three equal installments on September 15, 2023, September 15, 2024 and September 15, 2025.