Gautam Ranji - 15 Sep 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
Issuer symbol: SPHR
Transactions as of: 15 Sep 2023
Net transactions value: -$33,760
Form type: 4
Filing time: 19 Sep 2023, 16:15:54 UTC
Previous filing: 06 Sep 2023
Next filing: 06 Nov 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	+1,371		$0.000000	1,371	15 Sep 2023	Direct	F1
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+397	+29%	$0.000000	1,768	15 Sep 2023	Direct	F2
transaction	SPHR	Class A Common Stock	Tax liability	$33,760	-901	-51%	$37.47	867	15 Sep 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	-1,371	-33%	$0.000000	2,744	15 Sep 2023	Class A Common Stock	1,371		Direct	F1
transaction	SPHR	Restricted Stock Units	Options Exercise	$0	-397	-33%	$0.000000	796	15 Sep 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.