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

Role: Director
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Ryan T. Dolan
Stock symbol: MSGS
Transactions as of: Sep 15, 2021
Transactions value $: -$2,708
Form type: 4
Date filed: 9/17/2021, 04:34 PM
Previous filing: Aug 31, 2021
Next filing: Dec 10, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+36	+7.86%	$0.00	494	Sep 15, 2021	Direct	F1
transaction	MSGS	Class A Common Stock	Tax liability	-$2.71K	-15	-3.04%	$180.51	479	Sep 15, 2021	Direct	F2

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	-36	-50%	$0.00	36	Sep 15, 2021	Class A Common Stock	36		Direct	F1

* 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, 2019 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 settled on September 15, 2020. One-third of the RSUs vested and settled on September 15, 2021. The remaining one-third of the RSUs will vest on September 15, 2022.
F2	Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.

Content

Each restricted stock unit ("RSU") was granted on August 29, 2019 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 settled on September 15, 2020. One-third of the RSUs vested and settled on September 15, 2021. The remaining one-third of the RSUs will vest on September 15, 2022.

Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.