Brian Sweeney - Apr 20, 2023 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role: Director, Trustee of 13(d) Group Member
Signature: /s/ Brian G. Sweeney
Stock symbol: MSGE
Transactions as of: Apr 20, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/21/2023, 04:19 PM
Previous filing: Dec 13, 2022
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		+17.8K			17.8K	Apr 20, 2023	Direct	F2, F3, F4, F5
transaction	MSGE	Class A Common Stock	Other		+22.4K	+126.19%		40.2K	Apr 20, 2023	Direct	F4, F5, F6, F7
transaction	MSGE	Class A Common Stock	Other		+10.4K			10.4K	Apr 20, 2023	By Spouse	F7, F8, F9, F10
transaction	MSGE	Class A Common Stock	Other		+3.41K			3.41K	Apr 20, 2023	By Trusts	F7, F8, F11

* 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 Brian G. Sweeney, Deborah A. Dolan-Sweeney's spouse, 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.
F3	Reflects a transfer of shares previously owned directly by SPHR and its subsidiaries exempt under Rule 16a-13. Includes shares of SPHR Class A Common Stock received by Brian G. Sweeney, Deborah A. Dolan-Sweeney's spouse, in connection with the Distribution in an exempt transaction under Rules 16a-9 and 16b-3.
F4	Securities held directly by Mr. Brian G. Sweeney and indirectly by his spouse, Mrs. Deborah A. Dolan-Sweeney.
F5	Deborah A. Dolan-Sweeney disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that she is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F6	Represents Class A Common Stock received in connection with the Distribution in a transaction exempt under Rule 16a-9 and 16b-3.
F7	Reflects a transfer of shares previously owned directly by SPHR and its subsidiaries exempt under Rule 16a-13.
F8	Represents Class A Common Stock received in connection with the Distribution in a transaction exempt under Rule 16a-9.
F9	Securities held directly by Mrs. Deborah A. Dolan-Sweeney and indirectly by her spouse, Mr. Brian G. Sweeney.
F10	Brian G. Sweeney disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that he is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F11	Securities held in trusts for which Mr. Sweeney serves as co-trustee. Both he and Mrs. Dolan-Sweeney disclaim beneficial ownership of these securities and this report shall not be deemed to be an admission that they are, for the purposes of Section 16 or for any other purpose, the beneficial owners of such securities.