David Byrnes - Sep 15, 2022 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (SPHR)

Role: EVP & Chief Financial Officer
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for David F. Byrnes
Stock symbol: SPHR
Transactions as of: Sep 15, 2022
Transactions value $: -$70,956
Form type: 4
Date filed: 9/19/2022, 04:15 PM
Previous filing: Sep 2, 2022
Next filing: Apr 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPHR	Class A Common Stock	Options Exercise	$0	+2.47K		$0.00	2.47K	Sep 15, 2022	Direct	F1
transaction	SPHR	Class A Common Stock	Tax liability	-$71K	-1.26K	-51.03%	$56.27	1.21K	Sep 15, 2022	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	SPHR	Restricted Stock Units	Options Exercise	$0	-2.47K	-33.32%	$0.00	4.94K	Sep 15, 2022	Class A Common Stock	2.47K		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 April 20, 2022 under the Madison Square Garden Entertainment Corp. ("MSGE") 2020 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, 2022. One-third of the RSUs are scheduled to vest and settle on September 15, 2023. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2024.
F2	Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnote 1, exempt under Rule 16b-3.

Content

Each restricted stock unit ("RSU") was granted on April 20, 2022 under the Madison Square Garden Entertainment Corp. ("MSGE") 2020 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, 2022. One-third of the RSUs are scheduled to vest and settle on September 15, 2023. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2024.

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