Laura Franco - Sep 13, 2024 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role
EVP & General Counsel
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Laura Franco
Stock symbol
MSGE
Transactions as of
Sep 13, 2024
Transactions value $
-$143,150
Form type
4
Date filed
9/17/2024, 05:00 PM
Previous filing
Aug 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGE Class A Common Stock Options Exercise $0 +1.25K $0.00 1.25K Sep 13, 2024 Direct F1
transaction MSGE Class A Common Stock Options Exercise $0 +7.53K +604.09% $0.00 8.77K Sep 13, 2024 Direct F2
transaction MSGE Class A Common Stock Tax liability -$143K -3.55K -40.5% $40.29 5.22K Sep 13, 2024 Direct F3

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 MSGE Restricted Stock Units Options Exercise $0 -1.25K -33.33% $0.00 2.49K Sep 13, 2024 Class A Common Stock 1.25K Direct F1
transaction MSGE Restricted Stock Units Options Exercise $0 -7.53K -31.87% $0.00 16.1K Sep 13, 2024 Class A Common Stock 7.53K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 are scheduled to vest and settle on September 15, 2025. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2026.
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 are scheduled to vest and settle on September 15, 2025, 24% on September 15, 2026 and 4% on September 15, 2027.
F3 Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footones 1 and 2 above, exempt under Rule 16b-3.