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

Role: SVP, Controller & CAO
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Courtney Zeppetella
Stock symbol: MSGE
Transactions as of: Sep 15, 2023
Transactions value $: -$16,179
Form type: 4
Date filed: 9/19/2023, 04:15 PM
Previous filing: Sep 6, 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	+1.37K		$0.00	1.37K	Sep 15, 2023	Direct	F1
transaction	MSGE	Class A Common Stock	Tax liability	-$16.2K	-494	-36.03%	$32.75	877	Sep 15, 2023	Direct	F2

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	-1.37K	-33.32%	$0.00	2.74K	Sep 15, 2023	Class A Common Stock	1.37K		Direct	F1

* 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. on August 31, 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 are scheduled to vest and settle on September 15, 2024. The remaining one-half of the RSUs are scheduled to vest and settle on September 15, 2025.
F2	Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.

Content

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. on August 31, 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 are scheduled to vest and settle on September 15, 2024. The remaining one-half of the RSUs are scheduled to vest and settle on September 15, 2025.

Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.