James L. Dolan - Sep 1, 2023 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

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	Award	$0	+80.7K		$0.00	80.7K	Sep 1, 2023	Class A Common Stock	80.7K		Direct	F1, F2, F3
transaction	SPHR	Performance Restricted Stock Units	Award	$0	+39.2K		$0.00	39.2K	Sep 1, 2023	Class A Common Stock	39.2K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Each restricted stock unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended (the "2020 Employee Stock Plan"), and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
F2	The RSUs are scheduled to vest and settle in three equal installments on September 15, 2024, September 15, 2025 and September 15,2026.
F3	Securities held directly by James L. Dolan, Kristin A. Dolan's spouse. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan and this report shall not be deemed to be an admission that she is, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F4	Each performance restricted stock unit ("PSU") was granted on August 25, 2020 under the 2020 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 September 1, 2023. The PSUs are scheduled to vest and settle on September 15, 2023.