Andrew Lustgarten - 24 Nov 2023 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role
Director
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Andrew Lustgarten
Issuer symbol
MSGS
Transactions as of
24 Nov 2023
Net transactions value
-$1,039,633
Form type
4
Filing time
28 Nov 2023, 16:15:10 UTC
Previous filing
30 Aug 2023
Next filing
12 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGS Class A Common Stock Options Exercise $0 +10,963 +39% $0.000000 38,957 24 Nov 2023 Direct F1
transaction MSGS Class A Common Stock Tax liability $1,039,633 -6,062 -16% $171.50 32,895 24 Nov 2023 Direct F2
holding MSGS Class A Common Stock 6,000 24 Nov 2023 By LLC 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 MSGS Performance Restricted Stock Units Options Exercise $0 -10,963 -100% $0.000000* 0 24 Nov 2023 Class A Common Stock 10,963 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance restricted stock unit ("PSU") was granted on August 27, 2020 under the Madison Square Garden Sports Corp. ("MSGS") 2015 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 and the PSUs vested on August 28, 2023. The PSUs settled on November 24, 2023.
F2 Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnote 1 above, exempt under Rule 16b-3.
F3 The reporting person has direct pecuniary interest in 1,938 shares. The reporting person disclaims beneficial ownership of 4,062 shares of which he does not have a pecuniary interest.