Andrea Greenberg - Sep 15, 2022 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (SPHR)

Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Andrea Greenberg
Stock symbol
SPHR
Transactions as of
Sep 15, 2022
Transactions value $
-$1,011,116
Form type
4
Date filed
9/19/2022, 04:15 PM
Previous filing
Sep 2, 2022
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPHR Class A Common Stock Options Exercise $0 +5.51K +12.26% $0.00 50.5K Sep 15, 2022 Direct F1
transaction SPHR Class A Common Stock Options Exercise $0 +16.5K +32.76% $0.00 67K Sep 15, 2022 Direct F2
transaction SPHR Class A Common Stock Options Exercise $0 +9.02K +13.47% $0.00 76K Sep 15, 2022 Direct F3
transaction SPHR Class A Common Stock Options Exercise $0 +5.84K +7.68% $0.00 81.9K Sep 15, 2022 Direct F4
transaction SPHR Class A Common Stock Tax liability -$1.01M -18K -21.95% $56.27 63.9K Sep 15, 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 -5.51K -100% $0.00* 0 Sep 15, 2022 Class A Common Stock 5.51K Direct F1
transaction SPHR Restricted Stock Units Options Exercise $0 -16.5K -100% $0.00* 0 Sep 15, 2022 Class A Common Stock 16.5K Direct F2
transaction SPHR Restricted Stock Units Options Exercise $0 -9.02K -50% $0.00 9.02K Sep 15, 2022 Class A Common Stock 9.02K Direct F3
transaction SPHR Restricted Stock Units Options Exercise $0 -5.84K -33.33% $0.00 11.7K Sep 15, 2022 Class A Common Stock 5.84K 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.