Philip Gerard D'Ambrosio - Aug 31, 2022 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (SPHR)

Role: SVP and Treasurer
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Philip G. D'Ambrosio
Stock symbol: SPHR
Transactions as of: Aug 31, 2022
Transactions value $: $0
Form type: 4
Date filed: 9/2/2022, 04:15 PM
Previous filing: Sep 17, 2021
Next filing: Sep 19, 2022

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	+8.23K		$0.00	8.23K	Aug 31, 2022	Class A Common Stock	8.23K		Direct	F1, F2
transaction	SPHR	Performance Restricted Stock Units	Award	$0	+1.48K		$0.00	1.48K	Aug 31, 2022	Class A Common Stock	1.48K		Direct	F3

* 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") is granted under the Madison Square Garden Entertainment Corp. ("MSGE") 2020 Employee Stock Plan (the "2020 Employee Stock Plan") and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
F2	The RSUs are scheduled to vest and settle in three equal installments on September 15, 2023, September 15, 2024 and September 15, 2025.
F3	Each performance restricted stock unit ("PSU") was granted on April 17, 2020 under the 2020 Employee Stock Plan in respect of a PSU granted by Madison Square Garden Sports Corp. on August 29, 2019 and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 31, 2022. The PSUs are scheduled to vest and settle on September 15, 2022.