Andrea Greenberg - 01 Sep 2023 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Role
President/CEO-MSG Networks
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Andrea Greenberg
Issuer symbol
SPHR
Transactions as of
01 Sep 2023
Net transactions value
-$57,113
Form type
4
Filing time
06 Sep 2023, 16:05:13 UTC
Previous filing
19 Sep 2022
Next filing
19 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPHR Class A Common Stock Options Exercise $0 +1,629 +2.5% $0.000000 65,516 01 Sep 2023 Direct F1, F2
transaction SPHR Class A Common Stock Tax liability $57,113 -1,629 -2.5% $35.06 63,887 01 Sep 2023 Direct F1

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 SPHR Restricted Stock Units Award $0 +33,957 $0.000000 33,957 01 Sep 2023 Class A Common Stock 33,957 Direct F2, F3
transaction SPHR Restricted Stock Units Options Exercise $0 -1,629 -4.8% $0.000000 32,328 01 Sep 2023 Class A Common Stock 1,629 Direct F1, F2, F3
* 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") of Sphere Entertainment Co. ("SPHR") withheld to satisfy FICA tax withholding obligations arising in connection with the RSUs described in footnote 2 as a result of certain vesting rights contained in the Reporting Person's employment agreement, exempt under Rule 16b-3.
F2 Each RSU is granted under the SPHR 2020 Employee Stock Plan, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
F3 The RSUs are scheduled to vest and settle in three equal installments on September 15, 2024, September 15, 2025 and September 15,2026.