David F. Byrnes - Sep 15, 2022 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (SPHR)

Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for David F. Byrnes
Stock symbol
SPHR
Transactions as of
Sep 15, 2022
Transactions value $
-$70,956
Form type
4
Date filed
9/19/2022, 04:15 PM
Previous filing
Sep 2, 2022
Next filing
Apr 3, 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 +2.47K $0.00 2.47K Sep 15, 2022 Direct F1
transaction SPHR Class A Common Stock Tax liability -$71K -1.26K -51.03% $56.27 1.21K Sep 15, 2022 Direct F2

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 -2.47K -33.32% $0.00 4.94K Sep 15, 2022 Class A Common Stock 2.47K Direct F1
* 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 April 20, 2022 under the Madison Square Garden Entertainment Corp. ("MSGE") 2020 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.
F2 Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnote 1, exempt under Rule 16b-3.