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

Role
Executive Chairman, Director, Member of 13(d) Group
Signature
/s/ James L. Dolan
Issuer symbol
MSGS
Transactions as of
15 Sep 2022
Net transactions value
-$2,525,905
Form type
4
Filing time
19 Sep 2022, 16:15:50 UTC
Previous filing
02 Sep 2022
Next filing
03 Apr 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 +5,399 +2.7% $0.000000 205,732 15 Sep 2022 Direct F1, F2
transaction MSGS Class A Common Stock Options Exercise $0 +3,747 +1.8% $0.000000 209,479 15 Sep 2022 Direct F2, F3
transaction MSGS Class A Common Stock Options Exercise $0 +3,757 +1.8% $0.000000 213,236 15 Sep 2022 Direct F2, F4
transaction MSGS Class A Common Stock Options Exercise $0 +2,430 +1.1% $0.000000 215,666 15 Sep 2022 Direct F2, F5
transaction MSGS Class A Common Stock Tax liability $1,211,623 -7,825 -3.6% $154.84 207,841 15 Sep 2022 Direct F2, F6
transaction MSGS Class A Common Stock Options Exercise $0 +16,628 +8% $0.000000 224,469 15 Sep 2022 Direct F2, F7
transaction MSGS Class A Common Stock Tax liability $1,314,282 -8,488 -3.8% $154.84 215,981 15 Sep 2022 Direct F2, F8
holding MSGS Class A Common Stock 10,821 15 Sep 2022 By Spouse F9
holding MSGS Class A Common Stock 491 15 Sep 2022 By Minor Children 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 -5,399 -100% $0.000000* 0 15 Sep 2022 Class A Common Stock 5,399 Direct F1
transaction MSGS Restricted Stock Units Options Exercise $0 -3,747 -50% $0.000000 3,747 15 Sep 2022 Class A Common Stock 3,747 Direct F3
transaction MSGS Restricted Stock Units Options Exercise $0 -3,757 -33% $0.000000 7,516 15 Sep 2022 Class A Common Stock 3,757 Direct F4
transaction MSGS Restricted Stock Units Options Exercise $0 -2,430 -33% $0.000000 4,860 15 Sep 2022 Class A Common Stock 2,430 Direct F5
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -16,628 -100% $0.000000* 0 15 Sep 2022 Class A Common Stock 16,628 Direct F7
* 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 Includes shares held jointly with spouse.
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-thirds 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, 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 Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnote 7 above, exempt under Rule 16b-3.
F9 Securities held by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan (other than securities in which he has a direct pecuniary interest) and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F10 Mr. Dolan disclaims beneficial ownership of all securities of MSGS beneficially owned and deemed to be beneficially owned by his minor children and this filing shall not be deemed an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.