Franco Laura - 15 Sep 2025 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Reporting relationship: EVP & General Counsel
Issuer ticker: MSGE
Reported as of: 15 Sep 2025
Net transaction value: -$263,640
SEC form: 4
Accepted by SEC: 17 Sep 2025, 16:15:16 UTC
Prior SEC filing: 27 Aug 2025
Next SEC filing: 18 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Laura Franco

Key filing fact

Franco Laura filed Form 4 for Madison Square Garden Entertainment Corp. (MSGE) on 17 Sep 2025.

Key facts

This page summarizes Franco Laura's Form 4 filing for Madison Square Garden Entertainment Corp. (MSGE).
7 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 17 Sep 2025, 16:15.

Change

Previous filing in this sequence was filed on 27 Aug 2025.
Current net transaction value: -$263,640.

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 0001769491 Primary reporting owner

Franco Laura

Relationship: EVP & General Counsel
Address: 2 PENNSYLVANIA PLAZA, NEW YORK
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Laura Franco
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: +1,246
Change %: +24%
Price: $0.000000
Shares after: 6,511
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F1, F5

MSGE transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +9,465
Change %: +145%
Price: $0.000000
Shares after: 15,976
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F2

MSGE transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +3,004
Change %: +19%
Price: $0.000000
Shares after: 18,980
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F3

MSGE transaction

Class A Common Stock

Tax liability

Transaction value: $263,640
Shares: -6,000
Change %: -32%
Price: $43.94
Shares after: 12,980
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F4

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: -1,246
Change %: -50%
Price: $0.000000
Shares after: 1,246
Date: 15 Sep 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,246
Exercise price
Footnotes: F1

MSGE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -9,465
Change %: -59%
Price: $0.000000
Shares after: 6,627
Date: 15 Sep 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 9,465
Exercise price
Footnotes: F2

MSGE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -3,004
Change %: -33%
Price: $0.000000
Shares after: 6,008
Date: 15 Sep 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 3,004
Exercise price
Footnotes: F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Each restricted stock unit ("RSU") was granted on April 24, 2024 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Employee Stock Plan (the "2023 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, 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 F2

Each RSU was granted on April 24, 2024 under the 2023 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. 32% of the RSUs vested and were settled on September 13, 2024. 40% of the RSUs vested and were settled on September 15, 2025, 24% of the RSUs are scheduled to vest and settle on on September 15, 2026 and 4% on September 15, 2027.

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 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 footones 1, 2 and 3 above, exempt under Rule 16b-3.

Footnote F5

On the Reporting Person's Form 4 filed September 17, 2024, the number of shares of Class A Common Stock were understated by 45 shares due to an inadvertent typographical error when reporting the vesting and settlement of certain restricted stock units on September 13, 2024. The amount reflected here corrects that misstatement, after taking account of the transaction reported in this row of this Form 4.