Sphere Entertainment Co. - 27 Jun 2023 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role: 10%+ Owner
Signature: /s/ Mark C. Cresitello, Secretary of Sphere Entertainment Co.
Issuer symbol: MSGE
Transactions as of: 27 Jun 2023
Net transactions value: -$204,675,977
Form type: 4
Filing time: 29 Jun 2023, 16:05:06 UTC
Previous filing: 21 Apr 2023
Next filing: 11 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSGE	Class A Common Stock, par value $0.01 per share	Sale	$24,999,977	-840,053	-4.9%	$29.76	16,181,438	27 Jun 2023	By Subsidiary	F1
transaction	MSGE	Class A Common Stock, par value $0.01 per share	Sale	$179,676,000	-6,037,500	-37%	$29.76	10,143,938	27 Jun 2023	By Subsidiary	F1, F2

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

Explanation of Responses:

Id	Content
F1	On June 27, 2023, Sphere Entertainment Group, LLC (the "Shareholder"), a direct subsidiary of Sphere Entertainment Co. and the direct holder of Class A Common Stock, par value $0.01 per share ("Class A Common Stock"), of Madison Square Garden Entertainment Corp. (the "Issuer"), sold 840,053 shares of Class A Common Stock back to the Issuer at a per share price of $29.76 USD pursuant to the Stock Purchase Agreement, dated June 21, 2023, by and between the Issuer and the Shareholder.
F2	On June 27, 2023, the Shareholder sold 6,037,500 shares of Class A Common Stock of the Issuer in an underwritten public offering at a per share price of $29.76 pursuant to the Underwriting Agreement, dated June 22, 2023, by and among the Issuer, the Shareholder and the the representatives of the underwriters party thereto, which includes the exercise in full of the underwriters' option to purchase additional shares. The public offering price in the underwritten public offering was $31.00 per share.

Content

On June 27, 2023, Sphere Entertainment Group, LLC (the "Shareholder"), a direct subsidiary of Sphere Entertainment Co. and the direct holder of Class A Common Stock, par value $0.01 per share ("Class A Common Stock"), of Madison Square Garden Entertainment Corp. (the "Issuer"), sold 840,053 shares of Class A Common Stock back to the Issuer at a per share price of $29.76 USD pursuant to the Stock Purchase Agreement, dated June 21, 2023, by and between the Issuer and the Shareholder.

On June 27, 2023, the Shareholder sold 6,037,500 shares of Class A Common Stock of the Issuer in an underwritten public offering at a per share price of $29.76 pursuant to the Underwriting Agreement, dated June 22, 2023, by and among the Issuer, the Shareholder and the the representatives of the underwriters party thereto, which includes the exercise in full of the underwriters' option to purchase additional shares. The public offering price in the underwritten public offering was $31.00 per share.