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

Role
SVP, Controller & PAO
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Alexander Shvartsman
Stock symbol
MSGS
Transactions as of
Sep 15, 2023
Transactions value $
-$136,463
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 +12.75% $0.00 3.04K Sep 15, 2023 Direct F1
transaction MSGS Class A Common Stock Options Exercise $0 +345 +11.34% $0.00 3.39K Sep 15, 2023 Direct F2
transaction MSGS Class A Common Stock Options Exercise $0 +342 +10.1% $0.00 3.73K Sep 15, 2023 Direct F3
transaction MSGS Class A Common Stock Tax liability -$66.1K -371 -9.95% $178.15 3.36K Sep 15, 2023 Direct F4
transaction MSGS Class A Common Stock Options Exercise $0 +1.1K +32.68% $0.00 4.45K Sep 15, 2023 Direct F5
transaction MSGS Class A Common Stock Tax liability -$70.4K -395 -8.87% $178.15 4.06K 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 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 -342 -33.3% $0.00 685 Sep 15, 2023 Class A Common Stock 342 Direct F3
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 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 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 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.
F4 Represents RSUs of MSGS 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 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.
F6 Represents PSUs of MSGS 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.