Courtney M. Zeppetella - 20 Apr 2023 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role: SVP, Controller & CAO
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Courtney M. Zeppetella
Issuer symbol: MSGE
Transactions as of: 20 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 21 Apr 2023, 16:05:20 UTC
Previous filing: 03 Apr 2023
Next filing: 06 Sep 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MSGE	No Securities Owned						0	20 Apr 2023	Direct

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	MSGE	Restricted Stock Units	Other	$0	+4,115		$0.000000	4,115	20 Apr 2023	Class A Common Stock	4,115		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units ("RSUs") received by the Reporting Person in connection with the distribution by Sphere Entertainment Co. (formerly Madison Square Garden Entertainment Corp. and referred to herein as "SPHR") of outstanding common stock of Madison Square Garden Entertainment Corp. (formerly MSGE Spinco, Inc. and referred to herein as "MSGE") to SPHR's stockholders in a transaction exempt under Rules 16a-9, 16b-3 and 16b-6. The Reporting Person received one MSGE RSU in respect of every one SPHR RSU. Each RSU is granted under the MSGE 2023 Employee Stock Plan and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent.
F2	Pursuant to the terms of the Reporting Person's SPHR RSU award dated August 31, 2022, 4,115 RSUs will vest and settle in three equal installments on September 15, 2023, September 15, 2024 and September 15, 2025.

Content

Represents restricted stock units ("RSUs") received by the Reporting Person in connection with the distribution by Sphere Entertainment Co. (formerly Madison Square Garden Entertainment Corp. and referred to herein as "SPHR") of outstanding common stock of Madison Square Garden Entertainment Corp. (formerly MSGE Spinco, Inc. and referred to herein as "MSGE") to SPHR's stockholders in a transaction exempt under Rules 16a-9, 16b-3 and 16b-6. The Reporting Person received one MSGE RSU in respect of every one SPHR RSU. Each RSU is granted under the MSGE 2023 Employee Stock Plan and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent.

Pursuant to the terms of the Reporting Person's SPHR RSU award dated August 31, 2022, 4,115 RSUs will vest and settle in three equal installments on September 15, 2023, September 15, 2024 and September 15, 2025.