James L. Dolan - 15 Sep 2025 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Reporting relationship: Executive Chairman & CEO, Director, Member of 13(d) Group
Issuer ticker: MSGE
Reported as of: 15 Sep 2025
Net transaction value: -$4,893,290
SEC form: 4
Accepted by SEC: 17 Sep 2025, 16:15:06 UTC
Prior SEC filing: 10 Sep 2025
Next SEC filing: 19 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ James L. Dolan

Key filing fact

James L. Dolan filed Form 4 for Madison Square Garden Entertainment Corp. (MSGE) on 17 Sep 2025.

Key facts

This page summarizes James L. Dolan's Form 4 filing for Madison Square Garden Entertainment Corp. (MSGE).
10 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 17 Sep 2025, 16:15.

Change

Previous filing in this sequence was filed on 10 Sep 2025.
Current net transaction value: -$4,893,290.

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

Reporting Owners (1)

CIK 0000933028 Primary reporting owner

DOLAN JAMES LAWRENCE

Relationship: Executive Chairman & CEO, Director, Member of 13(d) Group
Address: 2 PENNSYLVANIA PLAZA, NEW YORK
Signature: /s/ James L. Dolan
Signature date: 17 Sep 2025

Reported non-derivative transactions

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

MSGE transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +32,917
Change %: +14%
Price: $0.000000
Shares after: 275,923
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F1, F7

MSGE transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +31,133
Change %: +11%
Price: $0.000000
Shares after: 307,056
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F2, F7

MSGE transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +36,903
Change %: +12%
Price: $0.000000
Shares after: 343,959
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F3, F7

MSGE transaction

Class A Common Stock

Tax liability

Transaction value: $2,452,994
Shares: -55,826
Change %: -16%
Price: $43.94
Shares after: 288,133
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F4, F7

MSGE transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +100,429
Change %: +35%
Price: $0.000000
Shares after: 388,562
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F5, F7

MSGE transaction

Class A Common Stock

Tax liability

Transaction value: $2,440,296
Shares: -55,537
Change %: -14%
Price: $43.94
Shares after: 333,025
Date: 13 Sep 2024
Ownership: Direct
Footnotes: F6, F7

MSGE holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 26,320
Date: 15 Sep 2025
Ownership: By Spouse
Footnotes: F8

MSGE holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 746
Date: 15 Sep 2025
Ownership: By Minor Children and Household Members
Footnotes: F9

Reported derivative securities

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

MSGE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -32,917
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 15 Sep 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 32,917
Exercise price
Footnotes: F1

MSGE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -31,133
Change %: -50%
Price: $0.000000
Shares after: 31,134
Date: 15 Sep 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 31,133
Exercise price
Footnotes: F2

MSGE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -36,903
Change %: -33%
Price: $0.000000
Shares after: 73,808
Date: 15 Sep 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 36,903
Exercise price
Footnotes: F3

MSGE transaction Derivative

Performance Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -100,429
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 15 Sep 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 100,429
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 9 footnotes

Footnote F1

Each restricted stock unit ("RSU") was granted on April 20, 2023 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Employee Stock Plan (the "2023 Employee Stock Plan") in respect of an RSU granted by Shere Entertainment Co. ("SPHR") on August 31, 2022, and represents a right to receive one share of MSGE 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 vested and were settled on September 13, 2024. The remaining one-third of the RSUs vested and were settled on September 15, 2025.

Footnote F2

Each RSU was granted on September 1, 2023 under the 2023 Employee Stock Plan and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 13, 2024. One-third of the RSUs vested and were settled on September 15, 2025. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2026.

Footnote F3

Each RSU was granted on August 27, 2024 under the 2023 Employee Stock Plan and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2025. One-third of the RSUs are scheduled to vest and settle on September 15, 2026. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2027.

Footnote F4

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

Footnote F5

Each performance restricted stock unit ("PSU") was granted on April 20, 2023 under the MSGE 2023 Employee Stock Plan in respect of a PSU granted by SPHR on August 31, 2022, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 25, 2025 and the PSUs vested and were settled on September 15, 2025.

Footnote F6

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

Footnote F7

Includes shares held jointly with spouse.

Footnote F8

Securities held by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan (other than securities in which he has a direct pecuniary interest) and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.

Footnote F9

Mr. Dolan disclaims beneficial ownership of all securities of MSGE benificially owned and deemed to be beneficially owned by his minor children and household members and this filing shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.