Jamal H. Haughton - Sep 15, 2023 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Jamal Haughton
Stock symbol
MSGE
Transactions as of
Sep 15, 2023
Transactions value $
-$104,374
Form type
4
Date filed
9/19/2023, 04:15 PM
Previous filing
Sep 6, 2023
Next filing
Nov 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGE Class A Common Stock Options Exercise $0 +2.68K +204.27% $0.00 3.99K Sep 15, 2023 Direct F1
transaction MSGE Class A Common Stock Options Exercise $0 +3.57K +89.4% $0.00 7.56K Sep 15, 2023 Direct F2
transaction MSGE Class A Common Stock Tax liability -$104K -3.19K -42.18% $32.75 4.37K Sep 15, 2023 Direct F3

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 MSGE Restricted Stock Units Options Exercise $0 -2.68K -50% $0.00 2.68K Sep 15, 2023 Class A Common Stock 2.68K Direct F1
transaction MSGE Restricted Stock Units Options Exercise $0 -3.57K -33.33% $0.00 7.13K Sep 15, 2023 Class A Common Stock 3.57K Direct F2
* 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") was granted on April 20, 2023 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Stock Plan (the "2023 Employee Stock Plan") in respect of an RSU granted by Sphere Entertainment Co. ("SPHR") on April 20, 2022 and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One half of the RSUs vested and were settled on September 15, 2023. The remaining one-half of the RSUs are scheduled to vest and settle on September 15, 2024.
F2 Each RSU was granted on April 20, 2023 under the 2023 Employee Stock Plan in respect of an RSU granted by SPHR on August 31, 2022, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2023. One-third of the RSUs are scheduled to vest and settle on September 15, 2024. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2025.
F3 Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, and 2, exempt under Rule 16b-3.