Alexander Shvartsman - 15 Sep 2022 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role: SVP, Controller & PAO
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Alexander Shvartsman
Issuer symbol: MSGS
Transactions as of: 15 Sep 2022
Net transactions value: -$72,310
Form type: 4
Filing time: 19 Sep 2022, 16:15:58 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	+132	+7.1%	$0.000000	1,993	15 Sep 2022	Direct	F1
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+19	+0.95%	$0.000000	2,012	15 Sep 2022	Direct	F2
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+344	+17%	$0.000000	2,356	15 Sep 2022	Direct	F3
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+344	+15%	$0.000000	2,700	15 Sep 2022	Direct	F4
transaction	MSGS	Class A Common Stock	Tax liability	$46,607	-301	-11%	$154.84	2,399	15 Sep 2022	Direct	F5
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+407	+17%	$0.000000	2,806	15 Sep 2022	Direct	F6
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+57	+2%	$0.000000	2,863	15 Sep 2022	Direct	F7
transaction	MSGS	Class A Common Stock	Tax liability	$25,703	-166	-5.8%	$154.84	2,697	15 Sep 2022	Direct	F8

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	-132	-100%	$0.000000^*	0	15 Sep 2022	Class A Common Stock	132		Direct	F1
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-19	-100%	$0.000000^*	0	15 Sep 2022	Class A Common Stock	19		Direct	F2
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-344	-50%	$0.000000	344	15 Sep 2022	Class A Common Stock	344		Direct	F3
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-344	-33%	$0.000000	690	15 Sep 2022	Class A Common Stock	344		Direct	F4
transaction	MSGS	Performance Restricted Stock Units	Options Exercise	$0	-407	-100%	$0.000000^*	0	15 Sep 2022	Class A Common Stock	407		Direct	F6
transaction	MSGS	Performance Restricted Stock Units	Options Exercise	$0	-57	-100%	$0.000000^*	0	15 Sep 2022	Class A Common Stock	57		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	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	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	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.
F8	Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnotes 6 and 7, exempt under Rule 16b-3.