Lesane Jamaal T. - 15 Sep 2022 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role
EVP and General Counsel
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Jamaal T. Lesane
Issuer symbol
MSGS
Transactions as of
15 Sep 2022
Net transactions value
-$96,001
Form type
4
Filing time
19 Sep 2022, 16:15:34 UTC
Previous filing
31 Aug 2022
Next filing
30 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGS Class A Common Stock Options Exercise $0 +198 $0.000000 198 15 Sep 2022 Direct F1
transaction MSGS Class A Common Stock Options Exercise $0 +344 +174% $0.000000 542 15 Sep 2022 Direct F2
transaction MSGS Class A Common Stock Options Exercise $0 +344 +63% $0.000000 886 15 Sep 2022 Direct F3
transaction MSGS Class A Common Stock Options Exercise $0 +52 +5.9% $0.000000 938 15 Sep 2022 Direct F4
transaction MSGS Class A Common Stock Tax liability $58,065 -375 -40% $154.84 563 15 Sep 2022 Direct F5
transaction MSGS Class A Common Stock Options Exercise $0 +610 +108% $0.000000 1,173 15 Sep 2022 Direct F6
transaction MSGS Class A Common Stock Tax liability $37,936 -245 -21% $154.84 928 15 Sep 2022 Direct F7

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 -198 -100% $0.000000* 0 15 Sep 2022 Class A Common Stock 198 Direct F1
transaction MSGS Restricted Stock Units Options Exercise $0 -344 -50% $0.000000 344 15 Sep 2022 Class A Common Stock 344 Direct F2
transaction MSGS Restricted Stock Units Options Exercise $0 -344 -33% $0.000000 690 15 Sep 2022 Class A Common Stock 344 Direct F3
transaction MSGS Restricted Stock Units Options Exercise $0 -52 -33% $0.000000 106 15 Sep 2022 Class A Common Stock 52 Direct F4
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -610 -100% $0.000000* 0 15 Sep 2022 Class A Common Stock 610 Direct F6
* 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 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.
F3 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.
F4 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.
F5 Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.
F6 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.
F7 Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnotes 6 above, exempt under Rule 16b-3.