Ryan Dolan - Sep 15, 2022 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role: Director
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Ryan Dolan
Stock symbol: MSGS
Transactions as of: Sep 15, 2022
Transactions value $: -$7,742
Form type: 4
Date filed: 9/19/2022, 04:15 PM
Previous filing: Sep 2, 2022
Next filing: Dec 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+36	+7.52%	$0.00	515	Sep 15, 2022	Direct	F1
transaction	MSGS	Class A Common Stock	Tax liability	-$1.86K	-12	-2.33%	$154.84	503	Sep 15, 2022	Direct	F2
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+111	+22.07%	$0.00	614	Sep 15, 2022	Direct	F3
transaction	MSGS	Class A Common Stock	Tax liability	-$5.88K	-38	-6.19%	$154.84	576	Sep 15, 2022	Direct	F4

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	MSGS	Restricted Stock Units	Options Exercise	$0	-36	-100%	$0.00^*	0	Sep 15, 2022	Class A Common Stock	36		Direct	F1
transaction	MSGS	Performance Restricted Stock Units	Options Exercise	$0	-111	-100%	$0.00^*	0	Sep 15, 2022	Class A Common Stock	111		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") was granted on August 29, 2019 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 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 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.
F2	Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.
F3	Each performance restricted stock unit ("PSU") was granted on August 29, 2019 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 30, 2022 and the PSUs vested and were settled on September 15, 2022.
F4	Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 3 above, exempt under Rule 16b-3.