Jamaal Lesane - Sep 15, 2023 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role
EVP and General Counsel
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Jamaal T. Lesane
Stock symbol
MSGS
Transactions as of
Sep 15, 2023
Transactions value $
-$239,077
Form type
4
Date filed
9/19/2023, 04:15 PM
Previous filing
Aug 30, 2023
Next filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGS Class A Common Stock Options Exercise $0 +344 +37.07% $0.00 1.27K Sep 15, 2023 Direct F1
transaction MSGS Class A Common Stock Options Exercise $0 +345 +27.12% $0.00 1.62K Sep 15, 2023 Direct F2
transaction MSGS Class A Common Stock Options Exercise $0 +53 +3.28% $0.00 1.67K Sep 15, 2023 Direct F3
transaction MSGS Class A Common Stock Options Exercise $0 +829 +49.64% $0.00 2.5K Sep 15, 2023 Direct F4
transaction MSGS Class A Common Stock Tax liability -$154K -867 -34.69% $178.15 1.63K Sep 15, 2023 Direct F5
transaction MSGS Class A Common Stock Options Exercise $0 +1.1K +67.22% $0.00 2.73K Sep 15, 2023 Direct F6
transaction MSGS Class A Common Stock Tax liability -$84.6K -475 -17.41% $178.15 2.25K Sep 15, 2023 Direct F7

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 MSGS Restricted Stock Units Options Exercise $0 -344 -100% $0.00* 0 Sep 15, 2023 Class A Common Stock 344 Direct F1
transaction MSGS Restricted Stock Units Options Exercise $0 -345 -50% $0.00 345 Sep 15, 2023 Class A Common Stock 345 Direct F2
transaction MSGS Restricted Stock Units Options Exercise $0 -53 -50% $0.00 53 Sep 15, 2023 Class A Common Stock 53 Direct F3
transaction MSGS Restricted Stock Units Options Exercise $0 -829 -33.32% $0.00 1.66K Sep 15, 2023 Class A Common Stock 829 Direct F4
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -1.1K -100% $0.00* 0 Sep 15, 2023 Class A Common Stock 1.1K Direct F6
* 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 August 27, 2020 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 Employee Stock Plan") and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2021. One-third of the RSUs vested and were settled on September 15, 2022. The remaining one-third of the RSUs vested and were settled on September 15, 2023.
F2 Each RSU was granted on August 19, 2021 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2022. One-third of the RSUs vested and were settled on September 15, 2023. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2024.
F3 Each RSU was granted on April 25, 2022 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2022. One-third of the RSUs vested and were settled on September 15, 2023. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2024.
F4 Each RSU was granted on August 29, 2022 under the 2015 Employee Stock Plan and represents a right to receive one share of 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.
F5 Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.
F6 Each performance restricted stock unit ("PSU") was granted on August 27, 2020 under the 2015 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 August 28, 2023 and the PSUs vested and were settled on September 15, 2023.
F7 Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnote 6 above, exempt under Rule 16b-3.