David Hopkinson - Sep 15, 2022 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role: President & COO
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for David Hopkinson
Stock symbol: MSGS
Transactions as of: Sep 15, 2022
Transactions value $: -$185,653
Form type: 4
Date filed: 9/19/2022, 04:15 PM
Previous filing: Mar 14, 2023
Next filing: Mar 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+765		$0.00	765	Sep 15, 2022	Direct	F1
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+1.31K	+170.59%	$0.00	2.07K	Sep 15, 2022	Direct	F2
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+101	+4.88%	$0.00	2.17K	Sep 15, 2022	Direct	F3
transaction	MSGS	Class A Common Stock	Tax liability	-$186K	-1.2K	-55.23%	$154.84	972	Sep 15, 2022	Direct	F4

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	-765	-50%	$0.00	765	Sep 15, 2022	Class A Common Stock	765		Direct	F1
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-1.31K	-33.33%	$0.00	2.61K	Sep 15, 2022	Class A Common Stock	1.31K		Direct	F2
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-101	-33.22%	$0.00	203	Sep 15, 2022	Class A Common Stock	101		Direct	F3

* 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 May 12, 2021 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 15, 2021. One-third of the RSUs vested and were settled on September 15, 2022. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2023.
F2	Each RSU was granted on August 19, 2021 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, 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.
F3	Each RSU was granted on April 25, 2022 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, 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.
F4	Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, and 3, exempt under Rule 16b-3.