Alexander Shvartsman - Sep 15, 2021 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role
SVP, Controller & PAO
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Alexander Shvartsman
Stock symbol
MSGS
Transactions as of
Sep 15, 2021
Transactions value $
-$66,247
Form type
4
Date filed
9/17/2021, 04:34 PM
Previous filing
Aug 23, 2021
Next filing
Aug 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGS Class A Common Stock Options Exercise $0 +120 +9.55% $0.00 1.38K Sep 15, 2021 Direct F1
transaction MSGS Class A Common Stock Options Exercise $0 +132 +9.59% $0.00 1.51K Sep 15, 2021 Direct F2
transaction MSGS Class A Common Stock Options Exercise $0 +18 +1.19% $0.00 1.53K Sep 15, 2021 Direct F3
transaction MSGS Class A Common Stock Options Exercise $0 +343 +22.48% $0.00 1.87K Sep 15, 2021 Direct F4
transaction MSGS Class A Common Stock Tax liability -$41.7K -231 -12.36% $180.51 1.64K Sep 15, 2021 Direct F5
transaction MSGS Class A Common Stock Options Exercise $0 +359 +21.92% $0.00 2K Sep 15, 2021 Direct F6
transaction MSGS Class A Common Stock Tax liability -$24.5K -136 -6.81% $180.51 1.86K Sep 15, 2021 Direct F7

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 MSGS Restricted Stock Units Options Exercise $0 -120 -100% $0.00* 0 Sep 15, 2021 Class A Common Stock 120 Direct F1
transaction MSGS Restricted Stock Units Options Exercise $0 -132 -50% $0.00 132 Sep 15, 2021 Class A Common Stock 132 Direct F2
transaction MSGS Restricted Stock Units Options Exercise $0 -18 -48.65% $0.00 19 Sep 15, 2021 Class A Common Stock 18 Direct F3
transaction MSGS Restricted Stock Units Options Exercise $0 -343 -33.27% $0.00 688 Sep 15, 2021 Class A Common Stock 343 Direct F4
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -359 -100% $0.00* 0 Sep 15, 2021 Class A Common Stock 359 Direct F6
* 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 August 29, 2018 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 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, 2019. One-third of the RSUs vested and were settled on September 15, 2020. The remaining one-third of the RSUs vested and were settled on September 15, 2021.
F2 Each RSU was granted on August 29, 2019 under the 2015 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, 2020. One-third of the RSUs vested and were settled on September 15, 2021. The remaining one-third of the RSUs will vest on September 15, 2022.
F3 Each RSU was granted on May 19, 2020 under the 2015 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, 2020. One-third of the RSUs vested and were settled on September 15, 2021. The remaining one-third of the RSUs will vest on September 15, 2022.
F4 Each RSU was granted on August 27, 2020 under the 2015 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, 2021. One-third of the RSUs will vest on September 15, 2022. The remaining one-third of the RSUs will vest on September 15, 2023.
F5 Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.
F6 Each performance restricted stock unit ("PSU") was granted on August 29, 2018 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 19, 2021 and the PSUs vested and were settled on September 15, 2021.
F7 Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnote 6 above, exempt under Rule 16b-3.