James L. Dolan - Sep 1, 2023 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Signature
James L. Dolan
Stock symbol
SPHR
Transactions as of
Sep 1, 2023
Transactions value $
$0
Form type
4
Date filed
9/6/2023, 04:05 PM
Previous filing
Aug 30, 2023
Next filing
Sep 19, 2023

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 +80.7K $0.00 80.7K Sep 1, 2023 Class A Common Stock 80.7K Direct F1, F2, F3
transaction SPHR Performance Restricted Stock Units Award $0 +39.2K $0.00 39.2K Sep 1, 2023 Class A Common Stock 39.2K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended (the "2020 Employee Stock Plan"), and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
F2 The RSUs are scheduled to vest and settle in three equal installments on September 15, 2024, September 15, 2025 and September 15,2026.
F3 Securities held directly by James L. Dolan, Kristin A. Dolan's spouse. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan and this report shall not be deemed to be an admission that she is, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F4 Each performance restricted stock unit ("PSU") was granted on August 25, 2020 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on September 1, 2023. The PSUs are scheduled to vest and settle on September 15, 2023.