Gautam Ranji - Sep 15, 2023 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Role
EVP, CFO & Treasurer
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Gautam Ranji
Stock symbol
SPHR
Transactions as of
Sep 15, 2023
Transactions value $
-$33,760
Form type
4
Date filed
9/19/2023, 04:15 PM
Previous filing
Sep 6, 2023
Next filing
Nov 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPHR Class A Common Stock Options Exercise $0 +1.37K $0.00 1.37K Sep 15, 2023 Direct F1
transaction SPHR Class A Common Stock Options Exercise $0 +397 +28.96% $0.00 1.77K Sep 15, 2023 Direct F2
transaction SPHR Class A Common Stock Tax liability -$33.8K -901 -50.96% $37.47 867 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 SPHR 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
transaction SPHR Restricted Stock Units Options Exercise $0 -397 -33.28% $0.00 796 Sep 15, 2023 Class A Common Stock 397 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 August 31, 2022 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, 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.
F2 Each RSU was granted on May 30, 2023 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.
F3 Represents RSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1 and 2, exempt under Rule 16b-3.