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

Role
President & CEO
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Andrew Lustgarten
Stock symbol
MSGS
Transactions as of
Sep 15, 2022
Transactions value $
-$1,348,192
Form type
4
Date filed
9/19/2022, 04:15 PM
Previous filing
Sep 2, 2022
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGS Class A Common Stock Options Exercise $0 +1.8K +19.02% $0.00 11.3K Sep 15, 2022 Direct F1
transaction MSGS Class A Common Stock Options Exercise $0 +212 +1.88% $0.00 11.5K Sep 15, 2022 Direct F2
transaction MSGS Class A Common Stock Options Exercise $0 +3.43K +29.93% $0.00 14.9K Sep 15, 2022 Direct F3
transaction MSGS Class A Common Stock Options Exercise $0 +3.44K +23.1% $0.00 18.4K Sep 15, 2022 Direct F4
transaction MSGS Class A Common Stock Options Exercise $0 +667 +3.63% $0.00 19K Sep 15, 2022 Direct F5
transaction MSGS Class A Common Stock Tax liability -$818K -5.28K -27.78% $154.84 13.7K Sep 15, 2022 Direct F6
transaction MSGS Class A Common Stock Options Exercise $0 +5.54K +40.34% $0.00 19.3K Sep 15, 2022 Direct F7
transaction MSGS Class A Common Stock Options Exercise $0 +652 +3.38% $0.00 19.9K Sep 15, 2022 Direct F8
transaction MSGS Class A Common Stock Tax liability -$530K -3.42K -17.18% $154.84 16.5K Sep 15, 2022 Direct F9
holding MSGS Class A Common Stock 6K Sep 15, 2022 BY LLC F10

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 -1.8K -100% $0.00* 0 Sep 15, 2022 Class A Common Stock 1.8K Direct F1
transaction MSGS Restricted Stock Units Options Exercise $0 -212 -100% $0.00* 0 Sep 15, 2022 Class A Common Stock 212 Direct F2
transaction MSGS Restricted Stock Units Options Exercise $0 -3.43K -49.99% $0.00 3.44K Sep 15, 2022 Class A Common Stock 3.43K Direct F3
transaction MSGS Restricted Stock Units Options Exercise $0 -3.44K -33.33% $0.00 6.89K Sep 15, 2022 Class A Common Stock 3.44K Direct F4
transaction MSGS Restricted Stock Units Options Exercise $0 -667 -33.33% $0.00 1.33K Sep 15, 2022 Class A Common Stock 667 Direct F5
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -5.54K -100% $0.00* 0 Sep 15, 2022 Class A Common Stock 5.54K Direct F7
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -652 -100% $0.00* 0 Sep 15, 2022 Class A Common Stock 652 Direct F8
* 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 Each RSU was granted on May 19, 2020 under 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.
F3 Each RSU was granted on August 27, 2020 under 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, 2021. One-third of the RSUs vested and were settled on September 15, 2022. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2023.
F4 Each RSU was granted on August 19, 2021 under 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, 2022. One-third of the RSUs are scheduled to vest and settle on September 15, 2023. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2024.
F5 Each RSU was granted on April 25, 2022 under 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, 2022. One-third of the RSUs are scheduled to vest and settle on September 15, 2023. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2024.
F6 Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, 3, 4 and 5, exempt under Rule 16b-3.
F7 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.
F8 Each PSU was granted on May 19, 2020 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.
F9 Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnotes 7 and 8 above, exempt under Rule 16b-3.
F10 The reporting person has direct pecuniary interest in 1,938 shares. The reporting person disclaims beneficial ownership of 4,062 shares of which he does not have a pecuniary interest.