James L. Dolan - Sep 13, 2024 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role: Executive Chairman & CEO, Director, Member of 13(d) Group
Signature: /s/ James L. Dolan
Stock symbol: MSGE
Transactions as of: Sep 13, 2024
Transactions value $: -$3,691,652
Form type: 4
Date filed: 9/17/2024, 06:06 PM
Previous filing: Sep 3, 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	+23K	+14.82%	$0.00	178K	Sep 13, 2024	Direct	F1, F9
transaction	MSGE	Class A Common Stock	Options Exercise	$0	+5.25K	+2.95%	$0.00	183K	Sep 13, 2024	Direct	F2, F9
transaction	MSGE	Class A Common Stock	Options Exercise	$0	+32.9K	+17.95%	$0.00	216K	Sep 13, 2024	Direct	F3, F9
transaction	MSGE	Class A Common Stock	Options Exercise	$0	+31.1K	+14.39%	$0.00	247K	Sep 13, 2024	Direct	F4, F9
transaction	MSGE	Class A Common Stock	Tax liability	-$1.9M	-47.1K	-19.04%	$40.29	200K	Sep 13, 2024	Direct	F5, F9
transaction	MSGE	Class A Common Stock	Options Exercise	$0	+71K	+35.43%	$0.00	271K	Sep 13, 2024	Direct	F6, F9
transaction	MSGE	Class A Common Stock	Options Exercise	$0	+16.2K	+5.98%	$0.00	288K	Sep 13, 2024	Direct	F7, F9
transaction	MSGE	Class A Common Stock	Tax liability	-$1.79M	-44.5K	-15.48%	$40.29	243K	Sep 13, 2024	Direct	F8, F9
holding	MSGE	Class A Common Stock						26.3K	Sep 13, 2024	By Spouse	F10
holding	MSGE	Class A Common Stock						746	Sep 13, 2024	By Minor Children	F11

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	-23K	-100%	$0.00	0	Sep 13, 2024	Class A Common Stock	23K		Direct	F1
transaction	MSGE	Restricted Stock Units	Options Exercise	$0	-5.25K	-100%	$0.00	0	Sep 13, 2024	Class A Common Stock	5.25K		Direct	F2
transaction	MSGE	Restricted Stock Units	Options Exercise	$0	-32.9K	-50%	$0.00	32.9K	Sep 13, 2024	Class A Common Stock	32.9K		Direct	F3
transaction	MSGE	Restricted Stock Units	Options Exercise	$0	-31.1K	-33.33%	$0.00	62.3K	Sep 13, 2024	Class A Common Stock	31.1K		Direct	F4
transaction	MSGE	Performance Restricted Stock Units	Options Exercise	$0	-71K	-100%	$0.00	0	Sep 13, 2024	Class A Common Stock	71K		Direct	F6
transaction	MSGE	Performance Restricted Stock Units	Options Exercise	$0	-16.2K	-100%	$0.00	0	Sep 13, 2024	Class A Common Stock	16.2K		Direct	F7

* 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 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 Sphere Entertainment Co. ("SPHR") on August 27, 2021, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-half of the RSUs vested and were settled on September 15, 2023. The remaning one-half of the RSUs vested and were settled on September 13, 2024.
F2	Each RSU was granted on April 20, 2023 under the 2023 Stock Plan in respect of an RSU granted by SPHR on April 20, 2022, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-half of the RSUs vested and were settled on September 15, 2023. The remaning one-half of the RSUs vested and were settled on September 13, 2024.
F3	Each RSU was granted on April 20, 2023 under the 2023 Employee Stock Plan in respect of an RSU 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. 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 are scheduled to vest and settle on September 15, 2025.
F4	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 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.
F5	Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, 3 and 4 above, exempt under Rule 16b-3.
F6	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 27, 2021, 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 27, 2024 and the PSUs vested and were settled on September 13, 2024.
F7	Each PSU was granted on April 20, 2023 under the MSGE 2023 Employee Stock Plan in respect of a PSU granted by SPHR on April 20, 222, 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 27, 2024 and the PSUs vested and were settled on September 13, 2024.
F8	Represents PSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnotes 6 and 7 above, exempt under Rule 16b-3.
F9	Includes shares held jointly with spouse.
F10	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.
F11	Mr. Dolan disclaims beneficial ownership of all securities of MSGE benificially owned and deemed to be beneficially owned by his minor children 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.