David Byrnes - Apr 20, 2023 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role
EVP & Chief Financial Officer
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for David F. Byrnes
Stock symbol
MSGE
Transactions as of
Apr 20, 2023
Transactions value $
$0
Form type
4
Date filed
4/21/2023, 04:05 PM
Previous filing
Apr 3, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGE Class A Common Stock, par value $0.01 Other $0 +1.21K $0.00 1.21K Apr 20, 2023 Direct F1

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 Other $0 +4.94K $0.00 4.94K Apr 20, 2023 Class A Common Stock 4.94K Direct F2, F3
transaction MSGE Restricted Stock Units Other $0 +14K $0.00 14K Apr 20, 2023 Class A Common Stock 14K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Class A Common Stock received by the Reporting Person in connection with the distribution by Sphere Entertainment Co. (formerly Madison Square Garden Entertainment Corp. and referred to herein as "SPHR") of outstanding common stock of Madison Square Garden Entertainment Corp. (formerly MSGE Spinco, Inc. and referred to herein as "MSGE") to SPHR's stockholders (the "Distribution") in a transaction exempt under Rules 16a-9 and 16b-3.
F2 Represents restricted stock units ("RSUs") received by the Reporting Person in connection with the Distribution in a transaction exempt under Rules 16a-9, 16b-3 and 16b-6. The Reporting Person received one MSGE RSU in respect of every one SPHR RSU. Each RSU is granted under the MSGE 2023 Employee Stock Plan and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent.
F3 Pursuant to the terms of the Reporting Person's SPHR RSU award dated April 20, 2022, 4,944 RSUs will vest and settle in two equal installments on September 15, 2023 and September 15, 2024.
F4 Pursuant to the terms of the Reporting Person's SPHR RSU award dated August 31, 2022, 13,990 RSUs will vest and settle in three equal installments on September 15, 2023, September 15, 2024 and September 15, 2025.