Paul J. Dolan - Apr 20, 2023 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role
Director, Trustee of 13(d) Group Member
Signature
/s/ Dennis H. Javer, as Attorney-in-Fact for Paul J. Dolan
Stock symbol
MSGE
Transactions as of
Apr 20, 2023
Transactions value $
$0
Form type
4
Date filed
4/21/2023, 04:17 PM
Previous filing
Apr 3, 2023
Next filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGE Common Stock Other -1K -100% 0 Apr 20, 2023 By Sphere Entertainment Co. and its subsidiaries F1
transaction MSGE Class A Common Stock Other +398 398 Apr 20, 2023 Direct F2, F3
transaction MSGE Class A Common Stock Other +14.7K +3705.78% 15.1K Apr 20, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Relates to the spin-off of Madison Square Garden Entertainment Corp. (formerly MSGE Spinco, Inc., and referred to herein as "MSGE") from Sphere Entertainment Co. (formerly Madison Square Garden Entertainment Corp., and referred to herein as "SPHR"), which occurred on April 20, 2023. To effect the spin-off, the issued and outstanding common stock of MSGE was recapitalized into MSGE's Class A common stock ("Class A Common Stock") and Class B common stock ("Class B Common Stock") in a transaction exempt under Rule 16b-7, and following such transaction, SPHR distributed Class A Common Stock and Class B Common Stock to its stockholders (the "Distribution") in a transaction exempt under Rule 16a-9.
F2 Represents Class A Common Stock received by the Reporting Person in connection with the Distribution in a transaction exempt under Rules 16a-9 and 16b-3.
F3 Reflects a transfer of shares previously owned directly by SPHR and its subsidiaries exempt under Rule 16a-13.
F4 Represents Class A Common Stock received by the Reporting Person in connection with the Distribution pursuant to vested SPHR restricted stock units, in a transaction exempt under Rules 16a-9 and 16b-3. The shares of Class A Common Stock were granted pursuant to the MSGE 2023 Stock Plan for Non-Employee Directors.