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

Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for David Hopkinson
Stock symbol
MSGS
Transactions as of
Sep 15, 2022
Transactions value $
-$185,653
Form type
4
Date filed
9/19/2022, 04:15 PM
Previous filing
Mar 14, 2023
Next filing
Mar 14, 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 +765 $0.00 765 Sep 15, 2022 Direct F1
transaction MSGS Class A Common Stock Options Exercise $0 +1.31K +170.59% $0.00 2.07K Sep 15, 2022 Direct F2
transaction MSGS Class A Common Stock Options Exercise $0 +101 +4.88% $0.00 2.17K Sep 15, 2022 Direct F3
transaction MSGS Class A Common Stock Tax liability -$186K -1.2K -55.23% $154.84 972 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 -765 -50% $0.00 765 Sep 15, 2022 Class A Common Stock 765 Direct F1
transaction MSGS Restricted Stock Units Options Exercise $0 -1.31K -33.33% $0.00 2.61K Sep 15, 2022 Class A Common Stock 1.31K Direct F2
transaction MSGS Restricted Stock Units Options Exercise $0 -101 -33.22% $0.00 203 Sep 15, 2022 Class A Common Stock 101 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 May 12, 2021 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, 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.
F2 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.
F3 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.
F4 Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, and 3, exempt under Rule 16b-3.