Ryan Dolan - Sep 15, 2023 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role
Director
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Ryan Dolan
Stock symbol
MSGE
Transactions as of
Sep 15, 2023
Transactions value $
-$10,054
Form type
4
Date filed
9/19/2023, 04:15 PM
Previous filing
Sep 6, 2023
Next filing
Dec 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 +145 +13.48% $0.00 1.22K Sep 15, 2023 Direct F1
transaction MSGE Class A Common Stock Options Exercise $0 +146 +11.96% $0.00 1.37K Sep 15, 2023 Direct F2
transaction MSGE Class A Common Stock Options Exercise $0 +164 +12% $0.00 1.53K Sep 15, 2023 Direct F3
transaction MSGE Class A Common Stock Tax liability -$5.11K -156 -10.19% $32.75 1.38K Sep 15, 2023 Direct F4
transaction MSGE Class A Common Stock Options Exercise $0 +437 +31.78% $0.00 1.81K Sep 15, 2023 Direct F5
transaction MSGE Class A Common Stock Tax liability -$4.95K -151 -8.33% $32.75 1.66K Sep 15, 2023 Direct F6

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 -145 -100% $0.00* 0 Sep 15, 2023 Class A Common Stock 145 Direct F1
transaction MSGE Restricted Stock Units Options Exercise $0 -146 -50% $0.00 146 Sep 15, 2023 Class A Common Stock 146 Direct F2
transaction MSGE Restricted Stock Units Options Exercise $0 -164 -33.2% $0.00 330 Sep 15, 2023 Class A Common Stock 164 Direct F3
transaction MSGE Performance Restricted Stock Units Options Exercise $0 -437 -100% $0.00* 0 Sep 15, 2023 Class A Common Stock 437 Direct F5
* 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 August 25, 2020, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. The RSUs vested and were settled on September 15, 2023.
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 27, 2021, 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.
F3 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.
F4 Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2 and 3, exempt under Rule 16b-3.
F5 Each performance restricted stock unit ("PSU") was granted on April 20, 2023 under the 2023 Employee Stock Plan in respect of a PSU granted by SPHR on August 25, 2020, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on September 1, 2023 and the PSUs vested and were settled on September 15, 2023.
F6 Represents PSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnote 5 above, exempt under Rule 16b-3.