Gautam Ranji - 03 Nov 2023 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Role
EVP, CFO & Treasurer
Signature
/s/ Gautam Ranji
Issuer symbol
SPHR
Transactions as of
03 Nov 2023
Net transactions value
-$22,225
Form type
4
Filing time
06 Nov 2023, 16:05:15 UTC
Previous filing
19 Sep 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 +132 +15% $0.000000 999 03 Nov 2023 Direct F1
transaction SPHR Class A Common Stock Options Exercise $0 +38 +3.8% $0.000000 1,037 03 Nov 2023 Direct F2
transaction SPHR Class A Common Stock Options Exercise $0 +486 +47% $0.000000 1,523 03 Nov 2023 Direct F3
transaction SPHR Class A Common Stock Tax liability $22,225 -656 -43% $33.88 867 03 Nov 2023 Direct F4

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 -132 -4.8% $0.000000 2,612 03 Nov 2023 Class A Common Stock 132 Direct F1, F4
transaction SPHR Restricted Stock Units Options Exercise $0 -38 -4.8% $0.000000 758 03 Nov 2023 Class A Common Stock 38 Direct F2, F4
transaction SPHR Restricted Stock Units Options Exercise $0 -486 -4.8% $0.000000 9,601 03 Nov 2023 Class A Common Stock 486 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Gautam Ranji is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") was granted on August 31, 2022 under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended (the "2020 Employee Stock Plan") and represents a right to receive one share of Class A Common Stock of Sphere Entertainment Co. ("Class A Common Stock") or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2023. The remaining two-thirds of the RSUs are scheduled to settle in two equal installments on September 15, 2024 and September 15, 2025. However, all of the RSUs ceased to be subject to a substantial risk of forfeiture on November 3, 2023.
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. The remaining two-thirds of the RSUs are scheduled to settle in two equal installments on September 15, 2024 and September 15, 2025. However, all of the RSUs ceased to be subject to a substantial risk of forfeiture on November 3, 2023.
F3 Each RSU was granted on September 1, 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. The RSUs are scheduled to settle in three equal installments on September 15, 2024, September 15, 2025 and September 15, 2026. However, all of the RSUs ceased to be subject to a substantial risk of forfeiture on November 3, 2023.
F4 Represents RSUs of the Issuer withheld to satisfy FICA tax withholding obligations arising in connection with the RSUs described in footnotes 1, 2 and 3 as a result of certain vesting rights contained in the Reporting Person's separation agreement, exempt under Rule 16b-3.