Andrea Greenberg - 15 Sep 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
15 Sep 2022
Net transactions value
-$1,011,116
Form type
4
Filing time
19 Sep 2022, 16:15:15 UTC
Previous filing
02 Sep 2022
Next filing
06 Sep 2023
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 +5,511 +12% $0.000000 50,465 15 Sep 2022 Direct F1
transaction SPHR Class A Common Stock Options Exercise $0 +16,532 +33% $0.000000 66,997 15 Sep 2022 Direct F2
transaction SPHR Class A Common Stock Options Exercise $0 +9,024 +13% $0.000000 76,021 15 Sep 2022 Direct F3
transaction SPHR Class A Common Stock Options Exercise $0 +5,835 +7.7% $0.000000 81,856 15 Sep 2022 Direct F4
transaction SPHR Class A Common Stock Tax liability $1,011,116 -17,969 -22% $56.27 63,887 15 Sep 2022 Direct F5

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 -5,511 -100% $0.000000* 0 15 Sep 2022 Class A Common Stock 5,511 Direct F1
transaction SPHR Restricted Stock Units Options Exercise $0 -16,532 -100% $0.000000* 0 15 Sep 2022 Class A Common Stock 16,532 Direct F2
transaction SPHR Restricted Stock Units Options Exercise $0 -9,024 -50% $0.000000 9,024 15 Sep 2022 Class A Common Stock 9,024 Direct F3
transaction SPHR Restricted Stock Units Options Exercise $0 -5,835 -33% $0.000000 11,672 15 Sep 2022 Class A Common Stock 5,835 Direct F4
* 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 Madison Square Garden Entertainment Corp. ("MSGE") (the "MSGN 2010 Employee Stock Plan"), and represents a right to receive one share of MSGE 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 vested and were settled on September 15, 2022, other than the RSUs that vested and were settled for FICA taxes in November 2021.
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 MSGE Class A Common Stock or the cash equivalent thereof. The RSUs vested and were settled on September 15, 2022, other than the RSUs that vested and were settled for FICA taxes in November 2021.
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 MSGE 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 vested and were settled on September 15, 2022 and the remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2023, in each case, other than the RSUs that vested and were settled for FICA taxes in November 2021.
F4 Each RSU was granted on August 27, 2021 under the MSGN 2010 Employee Stock Plan and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2022, one-third of the RSUs are scheduled to vest and settle on September 15, 2023 and the remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2024, in each case, other than the RSUs that vested and were settled for FICA taxes in November 2021.
F5 Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.