David G. Hopkinson - 15 Sep 2023 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Reporting relationship: President & COO
Issuer ticker: MSGS
Reported as of: 15 Sep 2023
Net transaction value: -$683,740
SEC form: 4
Accepted by SEC: 19 Sep 2023, 16:15:36 UTC
Prior SEC filing: 30 Aug 2023
Next SEC filing: 12 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Mark C. Cresitello, Attorney-in-Fact for David G. Hopkinson

Key filing fact

David G. Hopkinson filed Form 4 for Madison Square Garden Sports Corp. (MSGS) on 19 Sep 2023.

Key facts

This page summarizes David G. Hopkinson's Form 4 filing for Madison Square Garden Sports Corp. (MSGS).
14 reported transactions and 6 derivative rows are listed below.
Accepted by SEC: 19 Sep 2023, 16:15.

Change

Previous filing in this sequence was filed on 30 Aug 2023.
Current net transaction value: -$683,740.

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: +765
Change %: +356%
Price: $0.000000
Shares after: 980
Date: 15 Sep 2023
Ownership: Direct
Footnotes: F1

MSGS transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +1,305
Change %: +133%
Price: $0.000000
Shares after: 2,285
Date: 15 Sep 2023
Ownership: Direct
Footnotes: F2

MSGS transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +101
Change %: +4.4%
Price: $0.000000
Shares after: 2,386
Date: 15 Sep 2023
Ownership: Direct
Footnotes: F3

MSGS transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +1,736
Change %: +73%
Price: $0.000000
Shares after: 4,122
Date: 15 Sep 2023
Ownership: Direct
Footnotes: F4

MSGS transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +596
Change %: +14%
Price: $0.000000
Shares after: 4,718
Date: 15 Sep 2023
Ownership: Direct
Footnotes: F5

MSGS transaction

Class A Common Stock

Tax liability

Transaction value: $443,237
Shares: -2,488
Change %: -53%
Price: $178.15
Shares after: 2,230
Date: 15 Sep 2023
Ownership: Direct
Footnotes: F6

MSGS transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +2,442
Change %: +110%
Price: $0.000000
Shares after: 4,672
Date: 15 Sep 2023
Ownership: Direct
Footnotes: F7

MSGS transaction

Class A Common Stock

Tax liability

Transaction value: $240,502
Shares: -1,350
Change %: -29%
Price: $178.15
Shares after: 3,322
Date: 15 Sep 2023
Ownership: Direct
Footnotes: F8

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: -765
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Sep 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 765
Exercise price
Footnotes: F1

MSGS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -1,305
Change %: -50%
Price: $0.000000
Shares after: 1,305
Date: 15 Sep 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,305
Exercise price
Footnotes: F2

MSGS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -101
Change %: -50%
Price: $0.000000
Shares after: 102
Date: 15 Sep 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 101
Exercise price
Footnotes: F3

MSGS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -1,736
Change %: -33%
Price: $0.000000
Shares after: 3,473
Date: 15 Sep 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,736
Exercise price
Footnotes: F4

MSGS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -596
Change %: -33%
Price: $0.000000
Shares after: 1,192
Date: 15 Sep 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 596
Exercise price
Footnotes: F5

MSGS transaction Derivative

Performance Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,442
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Sep 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,442
Exercise price
Footnotes: F7

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Each restricted stock unit ("RSU") was granted on May 12, 2021 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 15, 2021. One-third of the RSUs vested and were settled on September 15, 2022. The remaining one-third of the RSUs vested and were settled on September 15, 2023.

Footnote F2

Each RSU was granted on August 19, 2021 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, 2022. One-third of the RSUs vested and were settled on September 15, 2023. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2024.

Footnote F3

Each RSU was granted on April 25, 2022 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, 2022. One-third of the RSUs vested and were settled on September 15, 2023. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2024.

Footnote F4

Each RSU was granted on August 29, 2022 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, 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.

Footnote F5

Each RSU was granted on April 25, 2023 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, 2023. One-third of the RSUs are scheduled to vest and were settle on September 15, 2024. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2025.

Footnote F6

Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, 3, 4 and 5, exempt under Rule 16b-3.

Footnote F7

Each performance restricted stock unit ("PSU") was granted on May 12, 2021 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 28, 2023 and the PSUs vested and were settled on September 15, 2023.

Footnote F8

Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnote 7 above, exempt under Rule 16b-3.