James L. Dolan - Jul 1, 2024 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Role
Executive Chairman and CEO, Director, Member of 13(d) Group
Signature
/s/ James L. Dolan
Stock symbol
SPHR
Transactions as of
Jul 1, 2024
Transactions value $
$0
Form type
4
Date filed
7/3/2024, 08:30 PM
Previous filing
Jun 14, 2024
Next filing
Aug 28, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPHR Stock Options (Rights to Buy) Award $0 +1.8M $0.00 1.8M Jul 1, 2024 Class A Common Stock 1.8M $34.62 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options were granted on July 1, 2024 under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended, and represents the option to purchase Class A Common Stock.
F2 If James L. Dolan has remained employed by, or provided services to, the Issuer or any of its subsidiaries through June 30, 2027 (subject to certain limited exceptions), then 25% of the stock options will vest during a performance period ended July 1, 2029 upon achievement of each of the following stock price hurdles (based on a rolling 30 consecutive trading day average closing price of the Issuer's Class A Common Stock): $75.00, $100.00, $125.00 and $150.00.
F3 Securities held directly by James L. Dolan, Kristin A. Dolan's spouse. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan (other than securities in which she has a direct pecuniary interest) and this report shall not be deemed to be an admission that she is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.