David F. Byrnes - Sep 15, 2023 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role: EVP & Chief Financial Officer
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for David Byrnes
Stock symbol: MSGE
Transactions as of: Sep 15, 2023
Transactions value $: -$119,243
Form type: 4
Date filed: 9/19/2023, 04:15 PM
Previous filing: Sep 6, 2023
Next filing: Dec 12, 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	+2.47K	+204.3%	$0.00	3.68K	Sep 15, 2023	Direct	F1
transaction	MSGE	Class A Common Stock	Options Exercise	$0	+4.66K	+126.64%	$0.00	8.35K	Sep 15, 2023	Direct	F2
transaction	MSGE	Class A Common Stock	Tax liability	-$119K	-3.64K	-43.63%	$32.75	4.7K	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	-2.47K	-50%	$0.00	2.47K	Sep 15, 2023	Class A Common Stock	2.47K		Direct	F1
transaction	MSGE	Restricted Stock Units	Options Exercise	$0	-4.66K	-33.33%	$0.00	9.33K	Sep 15, 2023	Class A Common Stock	4.66K		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.