Ryan Thomas Dolan - 15 Sep 2023 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Role
Director
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Ryan T. Dolan
Issuer symbol
SPHR
Transactions as of
15 Sep 2023
Net transactions value
-$11,503
Form type
4
Filing time
19 Sep 2023, 16:15:52 UTC
Previous filing
06 Sep 2023
Next filing
08 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPHR Class A Common Stock Options Exercise $0 +145 +13% $0.000000 1,221 15 Sep 2023 Direct F1
transaction SPHR Class A Common Stock Options Exercise $0 +146 +12% $0.000000 1,367 15 Sep 2023 Direct F2
transaction SPHR Class A Common Stock Options Exercise $0 +164 +12% $0.000000 1,531 15 Sep 2023 Direct F3
transaction SPHR Class A Common Stock Tax liability $5,845 -156 -10% $37.47 1,375 15 Sep 2023 Direct F4
transaction SPHR Class A Common Stock Options Exercise $0 +437 +32% $0.000000 1,812 15 Sep 2023 Direct F5
transaction SPHR Class A Common Stock Tax liability $5,658 -151 -8.3% $37.47 1,661 15 Sep 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 SPHR Restricted Stock Units Options Exercise $0 -145 -100% $0.000000* 0 15 Sep 2023 Class A Common Stock 145 Direct F1
transaction SPHR Restricted Stock Units Options Exercise $0 -146 -50% $0.000000 146 15 Sep 2023 Class A Common Stock 146 Direct F2
transaction SPHR Restricted Stock Units Options Exercise $0 -164 -33% $0.000000 330 15 Sep 2023 Class A Common Stock 164 Direct F3
transaction SPHR Performance Restricted Stock Units Options Exercise $0 -437 -100% $0.000000* 0 15 Sep 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 August 25, 2020 under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended (the "2020 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 settle 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 27, 2021 under the 2020 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 31, 2022 under the 2020 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 SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement 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 25, 2020 under the 2020 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 September 1, 2023. The PSUs vested and were settled on September 15, 2023.
F6 Represents PSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnote 5, exempt under Rule 16b-3.