Sphere Entertainment Co. - 22 Sep 2023 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Reporting relationship: 10%+ Owner
Issuer ticker: MSGE
Reported as of: 22 Sep 2023
Net transaction value: -$256,501,066
SEC form: 4
Accepted by SEC: 22 Sep 2023, 16:05:11 UTC
Prior SEC filing: 11 Aug 2023
Source filing: View source filing
Reporting owner signature: /s/ Mark C. Cresitello, Secretary of Sphere Entertainment Co.

Key filing fact

Sphere Entertainment Co. filed Form 4 for Madison Square Garden Entertainment Corp. (MSGE) on 22 Sep 2023.

Key facts

This page summarizes Sphere Entertainment Co.'s Form 4 filing for Madison Square Garden Entertainment Corp. (MSGE).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 22 Sep 2023, 16:05.

Change

Previous filing in this sequence was filed on 11 Aug 2023.
Current net transaction value: -$256,501,066.

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.

MSGE transaction

Class A Common Stock, par value $0.01 per share

Sale

Transaction value: $256,501,066
Shares: -8,221,188
Change %: -100%
Price: $31.20
Shares after: 0
Date: 22 Sep 2023
Ownership: By Subsidiary
Footnotes: F1

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Sphere Entertainment Co. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 1 footnote

Footnote F1

On September 22, 2023, Sphere Entertainment Group, LLC (the "Shareholder"), a direct subsidiary of Sphere Entertainment Co., sold 8,221,188 shares of Class A Common Stock of the Issuer in an underwritten public offering at a per share price of $31.20 pursuant to the Underwriting Agreement, dated September 19, 2023, by and among the Issuer, the Shareholder and the underwriters party thereto, which includes the exercise in full of the underwriters' option to purchase additional shares. The public offering price in the underwritten public offering was $32.50 per share.