Lawrence J. Burian - 15 Sep 2021 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Reporting relationship: EVP, Corp. Development & GC
Issuer ticker: MSGS
Reported as of: 15 Sep 2021
Net transaction value: -$511,746
SEC form: 4
Accepted by SEC: 17 Sep 2021, 16:33:35 UTC
Prior SEC filing: 31 Aug 2021
Next SEC filing: 14 Aug 2026
Source filing: View source filing
Reporting owner signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Lawrence J. Burian

Key filing fact

Lawrence J. Burian filed Form 4 for Madison Square Garden Sports Corp. (MSGS) on 17 Sep 2021.

Key facts

This page summarizes Lawrence J. Burian's Form 4 filing for Madison Square Garden Sports Corp. (MSGS).
10 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 17 Sep 2021, 16:33.

Change

Previous filing in this sequence was filed on 31 Aug 2021.
Current net transaction value: -$511,746.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MSGS transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +760
Change %: +9.2%
Price: $0.000000
Shares after: 9,035
Date: 15 Sep 2021
Ownership: Direct
Footnotes: F1

MSGS transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +840
Change %: +9.3%
Price: $0.000000
Shares after: 9,875
Date: 15 Sep 2021
Ownership: Direct
Footnotes: F2

MSGS transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +1,457
Change %: +15%
Price: $0.000000
Shares after: 11,332
Date: 15 Sep 2021
Ownership: Direct
Footnotes: F3

MSGS transaction

Class A Common Stock

Tax liability

Transaction value: $292,968
Shares: -1,623
Change %: -14%
Price: $180.51
Shares after: 9,709
Date: 15 Sep 2021
Ownership: Direct
Footnotes: F4

MSGS transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +2,280
Change %: +23%
Price: $0.000000
Shares after: 11,989
Date: 15 Sep 2021
Ownership: Direct
Footnotes: F5

MSGS transaction

Class A Common Stock

Tax liability

Transaction value: $218,778
Shares: -1,212
Change %: -10%
Price: $180.51
Shares after: 10,777
Date: 15 Sep 2021
Ownership: Direct
Footnotes: F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MSGS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -760
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Sep 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 760
Exercise price
Footnotes: F1

MSGS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -840
Change %: -50%
Price: $0.000000
Shares after: 840
Date: 15 Sep 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 840
Exercise price
Footnotes: F2

MSGS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -1,457
Change %: -33%
Price: $0.000000
Shares after: 2,914
Date: 15 Sep 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,457
Exercise price
Footnotes: F3

MSGS transaction Derivative

Performance Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,280
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Sep 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,280
Exercise price
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Each restricted stock unit ("RSU") was granted on August 29, 2018 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 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 13, 2019. One-third of the RSUs vested and were settled on September 15, 2020. The remaining one-third of the RSUs vested and were settled on September 15, 2021.

Footnote F2

Each RSU was granted on August 29, 2019 under the 2015 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, 2020. One-third of the RSUs vested and were settled on September 15, 2021. The remaining one-third of the RSUs will vest on September 15, 2022.

Footnote F3

Each RSU was granted on August 27, 2020 under the 2015 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 will vest on September 15, 2022. The remaining one-third of the RSUs will vest on September 15, 2023.

Footnote F4

Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, and 3 exempt under Rule 16b-3.

Footnote F5

Each performance restricted stock unit ("PSU") was granted on August 29, 2018 under the 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 on August 27, 2021 and the PSUs vested and were settled on September 15, 2021.

Footnote F6

Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnote 5 above, exempt under Rule 16b-3.